5020 Forni Dr, Concord, CA 94520

Building Details

Construction tilt-up concrete More

Listing Agency: Colliers | Pleasanton Show Phone

Listed By: John Salamida · License CA #01822505 Show Phone

Source: Moodyscre

Added: Aug 11, 2025 Changed: Nov 9 Last Checked: Nov 8 at 6:52AM

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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.

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

Estimated NOI and Cap Rate

NOI / Yr

$36,154

Cap Rate

3.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$723,080 $723.1K

Cap Rate 7%

$516,486 $516.5K

Cap Rate 9%

$401,711 $401.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,556 SF

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 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 (±1% cap)

NOI $36,154 @ 7.0% cap · market cap 3.56%

Second Best

Industrial

$438.8K

$383.9K – $511.9K (±1% cap)

NOI $30,714 @ 7.0% cap · market cap 3.03%

Theoretical Best

Multifamily LT 5

$625.2K

$547.0K – $729.4K (±1% cap)

NOI $43,761 @ 7.0% cap · market cap 4.31%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

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

Average Price Trend$/SF for Flex space in Contra Costa County, CA

$513 Jul

$191 Aug

$245 Sep

$267 Oct

Properties on Market for Flex space in Contra Costa County

Jul

Aug

Sep

Oct

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

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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