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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Office buildings
Bakersfield, CA 93311
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-5229651
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2016
Total area
2,472 SF
Lot
0.06 ac (2,472 SF)
Zoning code
M2
APN
545-300-06-00-7
UPID
US09-5229651
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
$525k
Comparable Approach
Comparable
$492k
Blend (final)
Blend
$660k
Owner & transaction history
Peter Shenouda · 1 yrs held
Peter Shenouda
since 2025
Last sale
$800,000
3 recorded transactions
Zoning & alternative use
M2 · Bakersfield, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$855,000
+63.4%
Medical building
$565,000
+8.3%
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
$670,000
ML approach
$685,000
CAP Approach
CAP Return
Estimation
6%
$570,000
6.5%
$525,000
7%
$485,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$520,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$855,000
Change: +63% · Conversion: Difficult
MEDICAL BUILDING
$565,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $800k (Jun 27 2025)
Last sale anchor
$800k
Jun 27 2025
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
$267 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$7,175
Tax year 2024
Assessed value
$588,866
Assessed 2024
Previous assessed
$588,866
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$119,646
Assessed improvement
$469,220
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2016
Heating
YES
Cooling
YES
Stories
1
Total area
2,472 SF
Lot
0.06 ac (2,472 SF)
Zoning code
M2
APN
545-300-06-00-7
UPID
US09-5229651
Jurisdiction
KERN
Zoning & alternative use
M2 · Bakersfield, CA
Zoning M2 · permitted uses
M2 · 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
OFFICE BUILDING Current
Est. value
$520,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$855,000
MEDICAL BUILDING
Est. value
$565,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
2016
Heating
YES
Cooling
Yes
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Peter Shenouda
Individual
Mailing address
2300 EXTON ST STE #301, BAKERSFIELD, CA 93311-8551
Ownership since
2025
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
Jun 27, 2025
$800,000
Peter Shenouda
Hp Young LLC
Grant Deed
$560,000 · Citizens Business Bank
Oct 27, 2023
—
Hp Young LLC
—
Deed
related
$632,700 · Citizens Business Bank
Apr 18, 2022
$566,500
Hp Young LLC
Wonderful Real Estate Development L
Grant Deed
—
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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