Warehouse With Dock
For Sale
$3,825,000
999 Bancroft Rd., Concord, CA 94520
Insulated warehouse with three-phase power, rear paved yard, and controlled manufacturing zoning.
Property Size15,723 SF
Lot Size1.35 Acres
Price / SF$243.27
Days on Market37
Property Features for 999 Bancroft Rd.
General Information
Standard status
Active
Size
15,723 SF
Total Parking Spaces
60
Lot size
1.35 Acres
Property subtype
Manufacturing
Zoning
c-m
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
15,723 SF
Dock-High Doors
3
Drive-In Doors
2
Three-Phase Power
Yes
Additional Details
Highway Access
Yes
Building Details
Building Size
15,723 SF
Year Built
2026
Listing Agency:
Cushman & Wakefield | Walnut Creek
(925) 627-2897
Listed By:
Tyler Epting · License ##01317533
(925) 627-2897
Source:
Cushmanwakefield
Added: Jul 25
Changed: Aug 29
Last Checked: Apr 16 at 11:05PM
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 Cushman & Wakefield | Walnut Creek
Investment Insights
Based on property information with market context.
The property includes an approximately 15,723-square-foot warehouse on ±1.35 acres, with a 16-foot clear height and full insulation. Loading includes two dock-high doors, one 3-foot pony dock door, and two grade-level doors. The site also provides approximately 60 parking spaces, ample 3-phase electrical power, and a paved rear yard. Approximately 5,197 square feet of office space is fully permitted for construction.
Zoned C-M controlled manufacturing, the property is located just over 1/2 mile from I-680 and approximately 1 mile from BART. The stated location places the site near Pleasant Hill, Concord, and Walnut Creek, providing access to surrounding East Bay markets.
Zoned C-M controlled manufacturing, the property is located just over 1/2 mile from I-680 and approximately 1 mile from BART. The stated location places the site near Pleasant Hill, Concord, and Walnut Creek, providing access to surrounding East Bay markets.
Key Highlights
- ±1.35‑acre parcel with approximately 15,723 SF of warehouse space
- 16’ clear height with full insulation
- Two dock‑high doors, one 3’ pony dock door, and two grade‑level doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$222,401
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,448,020
$4.4M
Cap Rate 7%
$3,177,157
$3.2M
Cap Rate 9%
$2,471,122
$2.5M
Market Conditions
NOI Build-Up for 15,723 SF
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.
Gross rent
$279.2K $17.76/SF
− Vacancy
−$17.6K −$1.12/SF
EGI
$261.6K $16.64/SF
− OpEx
−$39.2K −$2.50/SF
NOI
$222.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,448,020
Cap Rate 7%
$3,177,157
Cap Rate 9%
$2,471,122
Alternative Uses
Best Use
Warehouse
$3.18M
$2.78M – $3.71M
NOI $222,401 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.85M
$3.36M – $4.49M
NOI $269,192 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
3
Dock-high doors
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,311
Businesses Nearby
Under-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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Magic Moving & Storage, Inc — 712 Bancroft Rd #330, Walnut Creek, CA 94598
- Public Storage — 245 Hookston Rd, Pleasant Hill, CA 94523
- Movers 'N' Shakers — 25 Crescent Dr, Pleasant Hill, CA 94523
Frequently Asked Questions
What type of property is this?
Warehouse - Insulated warehouse with three-phase power, rear paved yard, and controlled manufacturing zoning.
Where is this warehouse located?
The property is located at 999 Bancroft Rd. Concord, CA.
What is the asking price?
The asking price for this property is $3,825,000.
What are key features of this property?
This property features: ±1.35‑acre parcel with approximately 15,723 SF of warehouse space; 16’ clear height with full insulation; Two dock‑high doors, one 3’ pony dock door, and two grade‑level doors
