Renovated Flex Space
For Sale
Contact for pricing
5020 Forni Dr, Concord, CA 94520
Industrial condominium with tilt-up construction, loading access, and office space slated for improvement before occupancy.
Property Size2,556 SF
Price / SF$397.10
Days on Market358
Property Features for 5020 Forni Dr
General Information
Standard status
Active
Size
2,556 SF
Property subtype
INDUSTRIAL
Zoning
LI
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
1
Amenities
Monument signage
Building Details
Construction
tilt-up concrete
Listing Agency:
Colliers | Pleasanton
(925) 817-9055
Listed By:
John Salamida · License #01822505
(925) 817-9055
Source:
Moodyscre
Added: Aug 11, 2025
Changed: Jul 31
Last Checked: Aug 2 at 2:39PM
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 industrial flex space offering is one of five industrial condominiums situated on separate parcels, with units available individually or in combination. The 2,556-square-foot building features concrete tilt-up construction, an 18-foot clear height, and one 12-foot by 14-foot grade-level loading door. Office space is scheduled to be improved before occupancy.
The building, exterior, roof, and landscaping have been newly renovated. Monument signage is available, and the property is zoned LI.
The building, exterior, roof, and landscaping have been newly renovated. Monument signage is available, and the property is zoned LI.
Key Highlights
- 2,556‑square‑foot industrial condominium on a separate parcel
- One of five industrial condos available individually or in combination
- Concrete tilt‑up construction with 18’ clear height
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 | $45.4k | $17.76 |
| − Vacancy | −$2.9k | −$1.12 |
| EGI | $42.5k | $16.64 |
| − OpEx | −$6.4k | −$2.50 |
| NOI | $36.2k | $14.14 |
2,556 SF · lease $17.76/SF/yr · vacancy 6.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$516.5K
$451.9K – $602.6K
NOI $36,154 @ 7.0% cap · market cap 3.56%
Second Best
Industrial
$438.8K
$383.9K – $511.9K
NOI $30,714 @ 7.0% cap · market cap 3.03%
Theoretical Best
Multifamily LT 5
$625.2K
$547.0K – $729.4K
NOI $43,761 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with authorities.
Property 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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial condominium with tilt-up construction, loading access, and office space slated for improvement before occupancy.
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 $1,015,000.
What are key features of this property?
This property features: 2,556‑square‑foot industrial condominium on a separate parcel; One of five industrial condos available individually or in combination; Concrete tilt‑up construction with 18’ clear height
