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    Property profile & analytics

    Bakersfield, CA 93313

    • Parking lots & garages
    • 0.19 lot acres
    OFF-MARKET
    Last Sale
    May 07, 2021
    $1,100,000
    Value Estimations
    $1,275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-4741497
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Parking lots & garages

    Property Details

    Construction
    WOOD FRAME
    Lot size
    0.19 lot acres
    Property type
    Parking lots & garages
    APN
    515-110-12-01-9
    APU
    51511012019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,420,000
      ML approach
      $1,480,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.038
    Latitude
    35.2885
    CBSA code
    12540
    CBSA name
    BAKERSFIELD, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $607
    $52,020
    $0.00
    $52,020
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $505,000
      7.02 Acres

      5000 Wible Rd

      PARKING LOT • 7.02 Acres
      5000 Wible Rd, Bakersfield, CA 93313-3127
      View Details
    • Value Estimation by Request
      0.29 Acres

      Bakersfield, CA 93313

      PARKING LOT • 0.29 Acres
      Bakersfield, CA 93313
      View Details
    • Value Estimation by Request
      1.00 Acre

      2801 Auto Mall Dr

      PARKING LOT • 1.00 Acre
      2801 Auto Mall Dr, Bakersfield, CA 93313-3733
      View Details
    • Value Estimation by Request
      0.38 Acres

      4444 Grissom St

      PARKING LOT • 0.38 Acres
      4444 Grissom St, Bakersfield, CA 93313-2152
      View Details
    • Value Estimation
      $630,000
      0.88 Acres

      5102 Park Diane Ave

      PARKING LOT • 0.88 Acres
      5102 Park Diane Ave, Bakersfield, CA 93313-2888
      View Details
    • Value Estimation by Request
      1.00 Acre

      5765 Gasoline Aly Dr

      PARKING LOT • 1.00 Acre
      5765 Gasoline Aly Dr, Bakersfield, CA 93313
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Property in Southwest Bakersfield

      Industrial property with shop/office in Southwest Bakersfield, fully leased.
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      Established Hungry Howie's Pizza Franchise

      Turn-key restaurant opportunity in a high-traffic Bakersfield location.
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      Established Liquor Store for Sale

      Family-operated liquor store in prime location with growth potential.
      3014 Taft Hwy, Bakersfield, CA 93313
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      Bakersfield Fourplex Near Amenities

      Fourplex in Southwest Bakersfield with updated units near local amenities.
      6216 Stine Rd, Bakersfield, CA 93313
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    • $15,000,000
      38.54 Acres

      I-5 & Maricopa Hwy Land

      38+ Acres Industrial Land, Bakersfield
      0 Maricopa Hwy, Bakersfield, CA 93313
      View Details
    • $1,146,717
      1.95 Acres

      Gosford Business Park Land - $1.1M

      1.95-Acre Finished Commercial Lot, Bakersfield, CA
      8503 Scobee St, Bakersfield, CA 93313
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      15,000 SF

      Bakersfield Auto Dealership - For Lease

      15,000 SF Retail/Industrial Space, 2 Acres
      4500 Rudnick Ct, Bakersfield, CA 93313
      View Details
    • Contact for pricing
      3,880 SF

      Retail Space in Growing Area

      Retail space in Southwest Bakersfield with high traffic flow.
      6013 Quaking Aspen St, Bakersfield, CA 93313
      View Details
    • Contact for pricing
      15,000 SF

      Highway 99 Frontage Space

      Office, warehouse, and showroom space with high visibility.
      2700 Auto Mall Dr, Bakersfield, CA 93313
      View Details
    • Contact for pricing
      4,400 SF

      Retail Space in Southwest Bakersfield

      Retail property in a rapidly growing Bakersfield location.
      6613 Hazelnut Ct, Bakersfield, CA 93313
      View Details
    • Contact for pricing
      9,192 SF

      Bakersfield Retail Space - 9,192 SF

      Prime Bakersfield retail space, high visibility, single tenant.
      4100 Wible Rd, Bakersfield, CA 93313
      View Details
    • Contact for pricing
      6,350 SF

      Bakersfield Retail Space - 6541 White Ln

      High-traffic retail space, Bakersfield, CA.
      6541 White Ln, Bakersfield, CA 93313
      View Details
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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