Retail Building Near Downtown
2304 Willow Pass Rd, Concord, CA 94520
For Sale
Contact for pricing
4,656 SF retail building in downtown Concord, California.
Property Size4,656 SF
Price / SF$350.09
Days on Market289
Property Features for 2304 Willow Pass Rd
General Information
Standard status
Size
Property subtype
Investment Type
Building Details
Stories
Listing Agency:
Newmark
Listed By:
Forrest Gherlone · License CA #01376723
(925) 974-0237
Source:
Crexi
Added: Jan 26
Changed: Nov 7
Last Checked: Nov 10 at 7:39AM
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
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Investment Insights
Based on property information with market context.
The property available for purchase is located at 2304 Willow Pass Road in Concord, California. This single-story retail building offers approximately 4,656 square feet of space. Situated in the heart of downtown Concord, the property is conveniently located one block from Todos Santos Plaza and two blocks from the Concord BART station. The property features flexible DP (Downtown Pedestrian) zoning and a secure outdoor storage area, making it suitable for a variety of uses. It is ideal for either an owner/user or investor.
Key Highlights
- Prime downtown Concord location, just one block from Todos Santos Plaza.
- Close proximity (two blocks) to the Concord BART station.
- Flexible DP (Downtown Pedestrian) zoning allows for a variety of uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,920
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,078,400
$1.1M
Cap Rate 7%
$770,286
$770.3K
Cap Rate 9%
$599,111
$599.1K
Market Conditions
NOI Build-Up for 4,656 SF
Gross rent
$83.8K $18.00/SF
− Vacancy
−$6.8K −$1.46/SF
EGI
$77.0K $16.54/SF
− OpEx
−$23.1K −$4.96/SF
NOI
$53.9K $11.58/SF
Area
Concord, CA
Vacancy
8.09%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,078,400
Cap Rate 7%
$770,286
Cap Rate 9%
$599,111
Alternative Uses
Best Use
Retail
$770.3K
$674.0K – $898.7K
NOI $53,920 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.14M
$996.4K – $1.33M
NOI $79,715 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,760
Businesses Nearby
246k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Groceries 35%
Dining 14%
Apparel 3%
Safeway
Groceries
63,018 visits/mo
0.2 miles
Dollar Tree
Shops & Services
32,338 visits/mo
0.4 miles
Grocery Outlet Bargain Market
Groceries
23,347 visits/mo
0.4 miles
The Old Spaghetti Factory
Dining
16,244 visits/mo
0.2 miles
Wells Fargo
Shops & Services
15,586 visits/mo
0.1 miles
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
$572,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Contra Costa County, CA
Properties on Market for Retail space in Contra Costa County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - 4,656 SF retail building in downtown Concord, California.
Where is this retail space located?
The property is located at 2304 Willow Pass Rd Concord, CA.
What is the asking price?
The asking price for this property is $1,630,000.
What are key features of this property?
This property features: Prime downtown Concord location, just one block from Todos Santos Plaza.; Close proximity (two blocks) to the Concord BART station.; Flexible DP (Downtown Pedestrian) zoning allows for a variety of uses.
