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    Property profile & analytics

    2890 Concord Blvd Concord, CA 94519-2609

    • Medical offices
    • 1,817 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimations
    $270,000
    Show details
    Cap Rate Potential
    7.4%
    Medical offices
    Location Intelligence
    Property ID
    US09-2613150
    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

    • Medical offices

    Property Details for 2890 Concord Blvd

    Year built
    1950
    Lot size
    0.19 lot acres
    Property size
    1,817 SF
    Zone code
    AP
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    113-261-007-0
    APU
    1132610070

    Description

    This exceptional 1817 square foot office space, located at 2890 Concord Boulevard in the heart of downtown Concord, California, presents a unique investment opportunity. Previously utilized as a dental clinic, the property offers significant potential for customization and adaptation to a wide range of business needs. The building sits on a 0.19-acre lot and is priced at $650,000. Its prime downtown location ensures high visibility and accessibility, surrounded by a diverse mix of businesses and shopping centers. The convenient proximity to major transportation arteries, including BART stations and freeways I-680 and 242, provides seamless access to the entire Bay Area. The property features two bathrooms, adding convenience for employees and clients. The ample square footage allows for creative workspace design and customization to perfectly suit the needs of the new owner. This is an ideal opportunity for entrepreneurs and businesses seeking a prominent location in a thriving urban environment. Numerous amenities are within walking distance, enhancing the appeal of this exceptional property. Don't miss this chance to establish your business in a highly desirable and strategically located office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $325,000
      6.5%
      $300,000
      7%
      $275,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $334,000
      Market price range: $334k - $914k

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Contra Costa
    State
    California
    Longitude
    -122.025
    Latitude
    37.9771
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, 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
    2024
    $2,922
    $29,653
    $125,805
    $155,458
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $265,000
      1,111 SF

      3142 Clayton Rd

      MEDICAL BUILDING • 1,111 SF
      3142 Clayton Rd, Concord, CA 94519-2733
      View Details
    • Value Estimation
      $715,000
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      3042 Clayton Rd

      MEDICAL BUILDING • 1,432 SF
      3042 Clayton Rd, Concord, CA 94519-2731
      View Details
    • Value Estimation
      $270,000
      1,639 SF

      2969 Salvio St

      MEDICAL BUILDING • 1,639 SF
      2969 Salvio St, Concord, CA 94519-2534
      View Details
    • Value Estimation
      $300,000
      1,626 SF

      2951 Salvio St

      MEDICAL BUILDING • 1,626 SF
      2951 Salvio St, Concord, CA 94519-2534
      View Details
    • Value Estimation
      $370,000
      2,670 SF

      3600 Concord Blvd

      MEDICAL BUILDING • 2,670 SF
      3600 Concord Blvd, Concord, CA 94519-1807
      View Details
    • Value Estimation
      $245,000
      1,100 SF

      2947 Salvio St

      MEDICAL BUILDING • 1,100 SF
      2947 Salvio St, Concord, CA 94519-2534
      View Details

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    Similar Nearby for Lease

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    • $2.00 SF/Yr
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      Retail Space Near Concord BART

      Retail space near BART station on major corridor.
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    • Contact for pricing
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      Retail Space Available For Rent

      220 square feet retail space for rent in Concord.
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      View Details
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    Concord, CA 94519-2609
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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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