Free-Standing Warehouse with Dock
New
For Sale
Contact for pricing
1505 Willow Pass Rd, Concord, CA 94520
Free-standing warehouse with dock loading, heavy power, sprinklers, and on-site parking.
Property Size9,000 SF
Price / SF$355.11
Days on Market7
Property Features for 1505 Willow Pass Rd
General Information
Standard status
Active
Size
9,000 SF
Property subtype
RETAIL
Warehouse & Industrial
Clear Height
25 ft
Clear Span
Yes
Warehouse Space
9,000 SF
Power
1,200 amps
Heavy Power
Yes
Sprinkler System
Yes
Building Details
Building Size
9,000 SF
Listing Agency:
Newmark | Walnut Creek
(925) 974-0100
Listed By:
Forrest Gherlone · License #01376723
(925) 974-0237
Source:
Moodyscre
Added: Sep 10
Changed: Sep 13
Last Checked: Sep 15 at 10:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark | Walnut Creek
Investment Insights
Based on property information with market context.
This free-standing warehouse property contains approximately 14,080 square feet, including about 9,000 square feet of clear-span warehouse area. The facility offers 19-25 foot clear heights, 1,200-amp electrical service, sprinkler protection, and dock-high loading with a pit leveler. On-site parking is provided at approximately ±4 spaces per 1,000 square feet.
Located at 1505 Willow Pass Rd in Concord, the property has visibility from Highway 242. Its combination of clear-span warehouse space, loading infrastructure, substantial power, and parking supports a range of warehouse and distribution functions.
Located at 1505 Willow Pass Rd in Concord, the property has visibility from Highway 242. Its combination of clear-span warehouse space, loading infrastructure, substantial power, and parking supports a range of warehouse and distribution functions.
Key Highlights
- Approximately 14,080 square feet total
- Approximately 9,000 square feet of clear‑span warehouse space
- 19‑25 foot clear heights in the warehouse area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$199,161
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,983,220
$4.0M
Cap Rate 7%
$2,845,157
$2.8M
Cap Rate 9%
$2,212,900
$2.2M
Market Conditions
NOI Build-Up for 14,080 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$250.1K $17.76/SF
− Vacancy
−$15.8K −$1.12/SF
EGI
$234.3K $16.64/SF
− OpEx
−$35.1K −$2.50/SF
NOI
$199.2K $14.14/SF
Area
Concord, CA
Vacancy
6.30%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,983,220
Cap Rate 7%
$2,845,157
Cap Rate 9%
$2,212,900
Alternative Uses
Best Use
Warehouse
$2.85M
$2.49M – $3.32M
NOI $199,161 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.44M
$3.01M – $4.02M
NOI $241,062 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
25 ft
Clear height
Yes
Heavy power
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
2,453
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94520, CA
38,383
Population
13,661
Households
2.8
Avg Household Size
35
Median Age
30%
College-Educated
79%
High-School Grad
9.9 sq mi
ZIP Area
3,877
Density / Sq Mi
$79,790
Median Household Income
$43,382
Median Earnings
$2,118
Median Rent
$572,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- SmartStop Self Storage — 1597 Market St, Concord, CA 94520
- ULockStore — 2001 Diamond Blvd, Concord, CA 94520
- ULockStore - Cheap Self Storage Units — 2001 diamond blvd, concord, ca 94520
- Record Nations — 1647 willow pass rd, concord, ca 94520
- Commerce RV Storage — 1420 Royal Industrial Way, Concord, CA 94520
Frequently Asked Questions
What type of property is this?
Warehouse - Free-standing warehouse with dock loading, heavy power, sprinklers, and on-site parking.
Where is this warehouse located?
The property is located at 1505 Willow Pass Rd Concord, CA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Approximately 14,080 square feet total; Approximately 9,000 square feet of clear‑span warehouse space; 19‑25 foot clear heights in the warehouse area
