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Property profile & analytics
OFF-MARKET
Estimated value
$4,710,000
Medical Office Space
9602 Stockdale Hwy Bakersfield, CA 93311-3618
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US09-3058723
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
WOOD
Total area
17,808 SF
Lot
1.98 ac (86,248 SF)
Zoning code
CO
APN
390-380-08-00-9
UPID
US09-3058723
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Quest Imaging Medical Associates: Port Robert MD Physician Medical Clinic
-
Marc Jeremy Cruz Physician
-
Kristi Mendez Physician
-
Ricardo Salas Physician
-
Quest Imaging Medical Associates: Michaels Lorenzo MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.34M
Comparable Approach
Comparable
$5.16M
Blend (final)
Blend
$4.71M
Owner & transaction history
Cornfitz Investments LLC · 13 yrs held
Cornfitz Investments LLC
since 2013
3 recorded transactions
Zoning & alternative use
CO · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.2M
+77.1%
Neighborhood: shopping center
$6.1M
+50.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bakersfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bakersfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,615,000
6.5%
$3,340,000
7%
$3,100,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,070,000
Current use
RESTAURANT
$7,210,000
Change: +77% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,145,000
Change: +51% · Conversion: Difficult
OFFICE BUILDING
$3,760,000
Change: -8% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,380,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$4.71M
Range $4.24M – $5.18M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$264 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$66,012
Tax year 2023
Assessed value
$5,542,000
Assessed 2023
Previous assessed
$5,542,000
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$2,156,000
Assessed improvement
$3,386,000
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2004
Construction
WOOD
Heating
YES
Cooling
OTHER
Total area
17,808 SF
Lot
1.98 ac (86,248 SF)
Zoning code
CO
APN
390-380-08-00-9
UPID
US09-3058723
Jurisdiction
KERN
Zoning & alternative use
CO · Bakersfield, CA
Zoning CO · permitted uses
CO · Bakersfield, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bakersfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$4.1M
RESTAURANT
Est. value
$7.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
OFFICE BUILDING
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
MEDICAL BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
WOOD
Heating
YES
Cooling
Yes
Lot
1.98 ac
Current owner
From public records · entity-resolved
Cornfitz Investments LLC
Entity
Mailing address
9602 STOCKDALE HWY, BAKERSFIELD, CA 93311-3618
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2013
—
Cornfitz Investments LLC
C & F Properties
Grant Deed
—
Jul 24, 2003
—
C Properties
—
Trustees Deed
related
$971,000 · Citizens Business Bank
—
—
C Properties
—
Deed Of Trust
related
$999,000 · Mid State Development
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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