Building Details

Construction tilt-up concrete

Listing Agency: Colliers | Pleasanton Show Phone

Listed By: John Salamida · License #01822505 Show Phone

Source: Moodyscre

Added: Aug 11, 2025 Changed: Oct 4 Last Checked: Oct 12 at 6:32PM

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Investment Insights

Based on property information with market context.

Flex space industrial condo built with concrete tilt-up construction and offered as part of a portfolio of five industrial condos on separate parcels, available individually or in combination with more than one unit. The building has been newly renovated, including exterior, roof, and landscaping. Grade level loading includes one 12’ x 14’ loading door, and the space provides 18’ clear height.

Zoning is LI. Monument signage is available. Office space is planned to be improved prior to occupancy.

With concrete tilt-up construction, meaningful vertical clearance, and grade-level loading, this configuration supports a range of light industrial and flexible business uses that benefit from dedicated office space and straightforward access for loading.

Key Highlights

• Five industrial condos on separate parcels, available individually or combined
• Concrete tilt‑up construction
• Newly renovated exterior, roof, and landscaping

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,624

Cap Rate

3.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$612,480 $612.5K

Cap Rate 7%

$437,486 $437.5K

Cap Rate 9%

$340,267 $340.3K

Market Conditions

NOI Build-Up for 2,165 SF

Gross rent

$38.5K $17.76/SF

− Vacancy

−$2.4K −$1.12/SF

EGI

$36.0K $16.64/SF

− OpEx

−$5.4K −$2.50/SF

NOI

$30.6K $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 Rate 5%

$612,480

Cap Rate 7%

$437,486

Cap Rate 9%

$340,267

Alternative Uses

Best Use

Warehouse

$437.5K

$382.8K – $510.4K (±1% cap)

NOI $30,624 @ 7.0% cap · market cap 3.56%

Second Best

Industrial

$371.7K

$325.2K – $433.6K (±1% cap)

NOI $26,016 @ 7.0% cap · market cap 3.03%

Theoretical Best

Multifamily LT 5

$529.5K

$463.3K – $617.8K (±1% cap)

NOI $37,067 @ 7.0% cap · market cap 4.31%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Golden West Concessions Big Box & Wholesale Store J & J Cabinetry ... General Contractor D & S Remodeling Renovation Specialist

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Hair Salon Spa & Massage Center Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Zoned LI flex space with newly renovated exterior, roof, and landscaping, plus concrete tilt-up construction.

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 $860,000.

What are key features of this property?

This property features: Five industrial condos on separate parcels, available individually or combined; Concrete tilt‑up construction; Newly renovated exterior, roof, and landscaping