Renovated Industrial Condo
5020 Forni Dr, Concord, CA 94520
For Sale
Contact for pricing
Concrete tilt-up industrial condo features 18’ clear height and a single 12’x14’ grade-level loading door.
Property Size2,197 SF
Price / SF$398.27
Days on Market457
Property Features for 5020 Forni Dr
General Information
Standard status
Size
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Drive-In Doors
Amenities
monument signage
Building Details
Construction
Listing Agency:
Colliers | Pleasanton
(925) 463-2300
Listed By:
John Salamida · License CA #01822505
(925) 817-9055
Source:
Moodyscre
Added: Aug 11, 2025
Changed: Nov 6
Last Checked: Nov 8 at 8:14AM
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
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Investment Insights
Based on property information with market context.
This offering includes a newly renovated industrial condo available as a single unit or as part of a combination of multiple units. The building exterior, roof, and landscaping have been renovated, and concrete tilt-up construction supports a clear height of 18’. Each unit includes one 12’x14’ grade-level loading door. Office space is slated for improvement prior to occupancy.
The property is zoned LI and includes monument signage. Units are located on separate parcels, providing flexibility for buyers looking to purchase one condo or combine more than one unit.
As presented, the configuration supports straightforward industrial use with grade-level access and substantial vertical clearance.
The property is zoned LI and includes monument signage. Units are located on separate parcels, providing flexibility for buyers looking to purchase one condo or combine more than one unit.
As presented, the configuration supports straightforward industrial use with grade-level access and substantial vertical clearance.
Key Highlights
- 5 industrial condo units available on separate parcels, individually or combined with more than one unit
- Concrete tilt‑up construction with 18’ clear height
- Each unit features a single 12’ x 14’ grade‑level loading door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,401
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,020
$528.0K
Cap Rate 7%
$377,157
$377.2K
Cap Rate 9%
$293,344
$293.3K
Market Conditions
NOI Build-Up for 2,197 SF
Gross rent
$40.3K $18.36/SF
− Vacancy
−$2.6K −$1.19/SF
EGI
$37.7K $17.17/SF
− OpEx
−$11.3K −$5.15/SF
NOI
$26.4K $12.02/SF
Area
Concord, CA
Vacancy
6.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,020
Cap Rate 7%
$377,157
Cap Rate 9%
$293,344
Alternative Uses
Best Use
Industrial
$377.2K
$330.0K – $440.0K
NOI $26,401 @ 7.0% cap · market cap 3.02%
Second Best
Flex RnD
$297.4K
$260.3K – $347.0K
NOI $20,821 @ 7.0% cap · market cap 2.38%
Theoretical Best
Multifamily LT 5
$537.4K
$470.2K – $626.9K
NOI $37,615 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
18 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
697
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
$572,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Contra Costa County, CA
Properties on Market for Flex space in Contra Costa County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Concrete tilt-up industrial condo features 18’ clear height and a single 12’x14’ grade-level loading door.
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: 5 industrial condo units available on separate parcels, individually or combined with more than one unit; Concrete tilt‑up construction with 18’ clear height; Each unit features a single 12’ x 14’ grade‑level loading door
