Renovated Industrial Condos For
For Sale
Contact for pricing
5020 Forni Dr, Concord, CA
Newly renovated industrial condos available individually or combined in Concord, CA.
Property Size2,556 SF
Lot Size0.59 Acres
Price / SF$342.33
Days on Market377
Property Features for 5020 Forni Dr
General Information
Standard status
Active
Size
2,556 SF
Lot size
0.59 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Colliers | Pleasanton
(925) 817-9055
Listed By:
John Salamida · License #01822505
(925) 817-9055
Source:
Moodyscre
Added: Aug 11, 2025
Changed: Aug 8
Last Checked: May 20 at 9:19PM
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 | Pleasanton
Investment Insights
Based on property information with market context.
Five industrial condos situated on separate parcels are available for purchase either individually or in combination. The building has been newly renovated, including the exterior, roof, and landscaping. The building features concrete tilt-up construction. The interior includes office space that will be improved prior to occupancy. The property has a clear height of 18 feet and one 12-foot by 14-foot grade-level loading door. Monument signage is available. The zoning is LI.
Key Highlights
- Newly renovated building, exterior, roof, and landscaping.
- Opportunity to combine multiple units for larger space.
- Benefit from the 18’ clear height suitable for various industrial uses.
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
$36,154
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
4.13%
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%
$723,080
$723.1K
Cap Rate 7%
$516,486
$516.5K
Cap Rate 9%
$401,711
$401.7K
Market Conditions
NOI Build-Up for 2,556 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
$45.4K $17.76/SF
− Vacancy
−$2.9K −$1.12/SF
EGI
$42.5K $16.64/SF
− OpEx
−$6.4K −$2.50/SF
NOI
$36.2K $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%
$723,080
Cap Rate 7%
$516,486
Cap Rate 9%
$401,711
Alternative Uses
Best Use
Warehouse
$516.5K
$451.9K – $602.6K
NOI $36,154 @ 7.0% cap · market cap 4.13%
Second Best
Industrial
$438.8K
$383.9K – $511.9K
NOI $30,714 @ 7.0% cap · market cap 3.51%
Theoretical Best
Multifamily LT 5
$625.2K
$547.0K – $729.4K
NOI $43,761 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
697
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Newly renovated industrial condos available individually or combined in Concord, CA.
Where is this flex space located?
The property is located at 5020 Forni Dr Concord, CA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Newly renovated building, exterior, roof, and landscaping.; Opportunity to combine multiple units for larger space.; Benefit from the 18’ clear height suitable for various industrial uses.
