Cold Storage Freezer
For Sale
Contact for pricing
2790 Cloverdale Ave, Concord, CA 94518
Temperature-controlled freezer warehouse with four dock positions and a concrete truck apron.
Property Size3,290 SF
Price / SF$273.25
Days on Market255
Property Features for 2790 Cloverdale Ave
General Information
Standard status
Active
Size
3,290 SF
Property subtype
INDUSTRIAL
Zoning
Service Commercial
Warehouse & Industrial
Dock-High Doors
4
Heavy Power
Yes
Listing Agency:
Colliers | Walnut Creek
(925) 202-9175
Listed By:
Ray Devlin · License #01199417
(925) 202-9175
Source:
Moodyscre
Added: Dec 10, 2025
Changed: Aug 19
Last Checked: Aug 21 at 8:36AM
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 Colliers | Walnut Creek
Investment Insights
Based on property information with market context.
Cold storage freezer warehouse with temperature-controlled space, built on a 13,000 SF parcel. The facility includes four dock positions and a concrete truck apron to support loading and receiving operations.
The property is zoned Service Commercial and features heavy power. Owner/occupier use is possible, making it suitable for businesses seeking an operational cold-storage footprint.
As a warehouse built for temperature-controlled storage, this property’s core improvements and layout are centered on freezer logistics, with dock access and truck staging provided on-site.
The property is zoned Service Commercial and features heavy power. Owner/occupier use is possible, making it suitable for businesses seeking an operational cold-storage footprint.
As a warehouse built for temperature-controlled storage, this property’s core improvements and layout are centered on freezer logistics, with dock access and truck staging provided on-site.
Key Highlights
- Temperature‑controlled freezer warehouse
- Located on a 13,000 SF parcel
- Four dock positions
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
$46,537
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
5.18%
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%
$930,740
$930.7K
Cap Rate 7%
$664,814
$664.8K
Cap Rate 9%
$517,078
$517.1K
Market Conditions
NOI Build-Up for 3,290 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
$58.4K $17.76/SF
− Vacancy
−$3.7K −$1.12/SF
EGI
$54.7K $16.64/SF
− OpEx
−$8.2K −$2.50/SF
NOI
$46.5K $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%
$930,740
Cap Rate 7%
$664,814
Cap Rate 9%
$517,078
Alternative Uses
Best Use
Warehouse
$664.8K
$581.7K – $775.6K
NOI $46,537 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$804.7K
$704.1K – $938.8K
NOI $56,328 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Dock-high doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
931
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94518, CA
27,209
Population
10,361
Households
2.6
Avg Household Size
42
Median Age
44%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
4,947
Density / Sq Mi
$111,406
Median Household Income
$56,960
Median Earnings
$2,290
Median Rent
$826,500
Median Home Value
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
- Public Storage — 2350 Monument Blvd, Concord, CA 94520
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- San Miguel Mini Storage — 1021 San Miguel Rd, Concord, CA 94518
- Jeh Fur Services. — 2355 Whitman Rd #E2, Concord, CA 94518
- Concord Move 4 Less — 1015 Shary Cir, Concord, CA 94518
Frequently Asked Questions
What type of property is this?
Warehouse - Temperature-controlled freezer warehouse with four dock positions and a concrete truck apron.
Where is this warehouse located?
The property is located at 2790 Cloverdale Ave Concord, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Temperature‑controlled freezer warehouse; Located on a 13,000 SF parcel; Four dock positions
