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 Market353
Property Features for 5020 Forni Dr
General Information
Standard status
Active
Size
2,197 SF
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: Jul 28
Last Checked: Jul 28 at 2:30PM
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.
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 For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.0k | $17.76 |
| − Vacancy | −$2.5k | −$1.12 |
| EGI | $36.6k | $16.64 |
| − OpEx | −$5.5k | −$2.50 |
| NOI | $31.1k | $14.14 |
2,197 SF · lease $17.76/SF/yr · vacancy 6.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$443.9K
$388.5K – $517.9K
NOI $31,076 @ 7.0% cap · market cap 3.55%
Second Best
Industrial
$377.2K
$330.0K – $440.0K
NOI $26,401 @ 7.0% cap · market cap 3.02%
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.
Property Analytics
Location Intelligence
Current Use
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
