Renovated Mixed-Use Commercial
For Sale
$998,000
2820 Broadmoor Avenue, Concord, CA 94520
Flexible commercial building with updated interiors, multiple restrooms, a kitchen, and accessible entry features.
Property Size4,896 SF
Lot Size0.25 Acres
Price / SF$203.84
Days on Market12
Property Features for 2820 Broadmoor Avenue
General Information
Standard status
Active
Size
4,896 SF
Total Parking Spaces
14
Lot size
0.25 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Amenities
updated windows
updated doors
updated flooring
updated restrooms
updated kitchen
400-amp electrical service
walk-in cooler
security gate
fencing
dual-pane windows
accessible entry with ramp
Open
Accessible Approach with Ramp
BART Nearby
City Lot
Enclosed
Freeway Nearby
Low Maintenance
Mall
Near Public Transit
Parking
Private
Restaurant Nearby
Shopping Nearby
Uncovered Parking
Building Details
Year Built
1954
Buildings
1
Building Size
4,896 SF
Listing Agency:
REAL BROKERAGE TECHNOLOGIES
(619) 248-6434
Listed By:
CECILIA Z MU · License #01876480
Source:
Corcoran
Added: Aug 11
Changed: Aug 21
Last Checked: Aug 21 at 7:03AM
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 REAL BROKERAGE TECHNOLOGIES
Investment Insights
Based on property information with market context.
This mixed-use commercial property contains approximately 4,896 square feet on a 10,890-square-foot lot. Renovations include updated windows, doors, flooring, restrooms, and kitchen finishes. The building also provides five restrooms, one kitchen, an approximately 900-square-foot walk-in cooler, dual-pane windows, and a secured perimeter with fencing and gate access. Entry is supported by an accessibility ramp, and the site includes 12–14 on-site parking spaces.
The property is located at 2820 Broadmoor Avenue in Concord, near residential neighborhoods, shopping, restaurants, public transportation, BART, downtown Concord, and major freeway access. Its layout may support subdivision into up to five units, subject to verification, and the property is also available for lease.
The property is located at 2820 Broadmoor Avenue in Concord, near residential neighborhoods, shopping, restaurants, public transportation, BART, downtown Concord, and major freeway access. Its layout may support subdivision into up to five units, subject to verification, and the property is also available for lease.
Key Highlights
- Approximately 4,896 SF building on a 10,890 SF lot
- Renovated windows, doors, flooring, restrooms, and kitchen
- Approximately 900 SF walk‑in cooler
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
$47,295
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
4.74%
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%
$945,900
$945.9K
Cap Rate 7%
$675,643
$675.6K
Cap Rate 9%
$525,500
$525.5K
Market Conditions
NOI Build-Up for 4,896 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
$82.3K $16.80/SF
− Vacancy
−$6.6K −$1.34/SF
EGI
$75.7K $15.46/SF
− OpEx
−$28.4K −$5.80/SF
NOI
$47.3K $9.66/SF
Area
Concord, CA
Vacancy
8.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
37.50%
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%
$945,900
Cap Rate 7%
$675,643
Cap Rate 9%
$525,500
Alternative Uses
Best Use
Mixed Use
$675.6K
$591.2K – $788.3K
NOI $47,295 @ 7.0% cap · market cap 4.74%
Second Best
Office B
$661.0K
$578.3K – $771.1K
NOI $46,267 @ 7.0% cap · market cap 4.64%
Theoretical Best
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,824 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,301
Businesses Nearby
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial building with updated interiors, multiple restrooms, a kitchen, and accessible entry features.
Where is this mixed-use property located?
The property is located at 2820 Broadmoor Avenue Concord, CA.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Approximately 4,896 SF building on a 10,890 SF lot; Renovated windows, doors, flooring, restrooms, and kitchen; Approximately 900 SF walk‑in cooler
