Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Tehachapi, CA 93561
    Back to Search
    Property profile & analytics

    , Tehachapi, CA 93561

    View on Map
    • Sports & entertainment properties
    • 9,600 SF
    • 2.15 lot acres
    Off-Market
    Property ID
    US09-4024035
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sports & entertainment properties

    Property Details

    Year built
    2003
    Construction
    WOOD
    Lot size
    2.15 lot acres
    Zone code
    C-2 PD
    Property type
    Sports & entertainment properties
    APN
    317-480-20-00-7
    APU
    31748020007

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 28, 2026 $4,100,000 Land And Legacy LLC Woodward California LLC Grant Deed $1M
    Aug 2, 2022 — Woodward California LLC — Deed · related $35M · Us Bank NA
    Feb 15, 2022 — Woodward California LLC — Deed · related $300M · Wilmington Trust NA
    Aug 16, 2019 — Powdr-woodward Ca LLC — Loan Modification · related $200M · Wells Fargo Bk
    Jul 1, 2011 — Powdr-woodward Ca LLC Woodward Of California INC Quit Claim Deed $240M · Bank Of America
    Jan 20, 2009 — Woodward Of California INC — Deed Of Trust · related $6.7M · Sovereign Bank
    Jun 12, 2003 — Woodward Of California INC — Deed Of Trust · related $1.8M · Comerica Bank
    Jul 11, 2002 $2,800,000 Woodward Of California INC Oak Tree Affiliates INC Grant Deed —
    Jul 31, 1980 — Leisure Industries INC — Grant Deed · related —
    — — Oak Tree Affiliates INC — Deed Of Trust · related $620k · Sun Lee LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tehachapi
    County
    Kern
    State
    California
    Longitude
    -118.636
    Latitude
    35.0815
    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
    $9,377
    $12,068
    $784,728
    $796,796
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $770,000
      15,487 SF

      16175 Paradise Vly Rd

      RECREATIONAL, ENTERTAINMENT
      16175 Paradise Vly Rd, Tehachapi, CA 93561
      View Details
    • Value Estimation
      $1,115,000
      2,667 SF

      22347 Woodford Tehachapi Rd

      RECREATIONAL, ENTERTAINMENT
      22347 Woodford Tehachapi Rd, Tehachapi, CA 93561-8097
      View Details
    • Value Estimation by Request
      1,412 SF

      20537 Tehachapi Willow Spgs Rd

      RECREATIONAL, ENTERTAINMENT
      20537 Tehachapi Willow Spgs Rd, Tehachapi, CA 93561
      View Details
    • Value Estimation
      $1,065,000
      41,091 SF

      18100 Lucaya Way

      RECREATIONAL, ENTERTAINMENT
      18100 Lucaya Way, Tehachapi, CA 93561-5443
      View Details
    • Value Estimation
      $2,100,000
      94,277 SF

      28400 Stallion Spgs Dr

      RECREATIONAL, ENTERTAINMENT
      28400 Stallion Spgs Dr, Tehachapi, CA 93561-5266
      View Details
    • Value Estimation
      $1,085,000
      7,688 SF

      28910 Horsethief Dr

      GOLF COURSE
      28910 Horsethief Dr, Tehachapi, CA 93561
      View Details

    Similar Nearby for Sale

    • $119,500
      95,396.00 Acres

      Bear Valley Springs Land Opportunity

      2.19 acre lot in Bear Valley Springs gated community.
      Butterfield Way, Bear Valley Springs, CA 93561
      View Details
    • $180,000
      20,037.60 Acres

      Tehachapi Commercial Land Opportunity

      20,037 sq ft parcel in Tehachapi's commercial corridor.
      11 Challenger Dr, Tehachapi, CA 93561
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,000 SF

      Tehachapi Warehouse with Yard

      7,000 SF warehouse with fenced yard on 1.12 acres.
      1170 Tehachapi Blvd, Tehachapi, CA 93561
      View Details
    • Contact for pricing
      2,662 SF

      Modern Warehouse on Large Parcel

      8,165 SF warehouse on 2.25-acre parcel, built in 2019.
      325 Industrial Pkwy, Tehachapi, CA 93561
      View Details
    • $1,800 /Mo
      1,800 SF

      Retail Space in Tehachapi, CA

      Prime retail space available in high-traffic Tehachapi location.
      1001 W Tehachapi Blvd, Tehachapi, CA 93561
      View Details
    • $4,100 /Mo
      4,100 SF

      Move-In Ready Office Space

      Turnkey office space with kitchen area in Tehachapi, CA.
      1001 W Tehachapi Blvd, Tehachapi, CA 93561
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Red Apple Plaza

      Retail spaces available in high-traffic Tehachapi shopping center.
      785 Tucker Rd, Tehachapi, CA 93561
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space For Lease

      In-line retail space available for lease.
      775-785 Tucker Rd, Tehachapi, CA 93561
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Tehachapi, CA 93561
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Tehachapi, CA, 93561
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!