Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Evora Rd And Willow Pass Ct Concord, CA 94520
    Back to Search
    Property profile & analytics

    Evora Rd And Willow Pass Ct Concord, CA 94520

    View on Map
    • Retail properties & Spaces
    • 8,200 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Evora Rd And Willow Pass Ct

    Property size
    8,200 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional retail and restaurant opportunity is located at the intersection of Evora Road and Willow Pass Court in Concord, CA (zip code 94520), offering unparalleled visibility and accessibility. The property encompasses 8,200 square feet across four suites, with a minimum divisible space of 1,125 square feet and a maximum contiguous space of 3,200 square feet. Currently, 8,725 square feet are vacant, presenting a unique chance for immediate occupancy or build-to-suit development. The 1.5-acre lot is zoned P-1 Planned Unit, allowing for a variety of commercial uses. This prime location benefits from its proximity to major transportation arteries, including Highway 4 and Highway 242, placing it strategically between the growing populations of East Contra Costa County and the established communities along the I-680 corridor (Concord, Walnut Creek, Alamo, Lafayette, and Danville). The property's proposed design includes two drive-thru locations and two retail spaces, catering to diverse business needs. Furthermore, the property's location benefits from the planned redevelopment of the former Concord Naval Weapons Station, a massive project expected to bring significant residential growth and economic revitalization to the entire North Contra Costa County region. This presents a remarkable investment opportunity in a rapidly developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Contra Costa
    State
    California
    Longitude
    -121.999
    Latitude
    38.0148

    Comparable in this City

    • Value Estimation by Request
      240,525 SF

      1975 Diamond Blvd

      Neighborhood centers • 240,525 SF
      1975 Diamond Blvd, Concord, CA 94520
      View Details
    • Value Estimation by Request
      3,328 SF

      2001-2003 Diamond Blvd

      Retail properties & Spaces • 3,328 SF
      2001-2003 Diamond Blvd, Concord, CA 94520
      View Details
    • Value Estimation by Request
      20,100 SF

      1679 Willow Pass Rd

      Office properties & Spaces • 20,100 SF
      1679 Willow Pass Rd, Concord, CA 94520
      View Details
    • Value Estimation by Request
      233,291 SF

      1975 Diamond Blvd

      Lifestyle centers • 233,291 SF
      1975 Diamond Blvd, Concord, CA 94520
      View Details
    • Value Estimation
      $535,000
      8,338 SF

      2050 Diamond Blvd

      RESTAURANT • 8,338 SF
      2050 Diamond Blvd, Concord, CA 94520-5702
      View Details
    • Value Estimation
      $730,000
      5,440 SF

      1501 Concord Ave

      RESTAURANT • 5,440 SF
      1501 Concord Ave, Concord, CA 94520-2314
      View Details

    Similar Nearby for Sale

    • $1,298,000
      4,896 SF

      Concord Retail/Office Building For Sale

      Well-maintained commercial building with flexible layout and high visibility.
      2820 Broadmoor Ave, Concord, CA 94520
      View Details
    • $1,630,000
      4,656 SF

      Retail Building Near Downtown Concord

      4,656 SF retail building in downtown Concord, California.
      2304 Willow Pass Rd, Concord, CA 94520
      View Details
    • $3,000,000
      6,170 SF

      Concord Multifamily Investment Opportunity

      Ten-unit apartment complex, strong cash flow.
      2065 Riley Ct, Concord, CA 94520
      View Details
    • Contact for pricing

      Auto Portfolio in Concord, Antioch

      Three properties occupied by established auto operator in Contra Costa.
      2520 Monument Blvd, Concord, CA 94520
      View Details
    • Contact for pricing
      5,063 SF

      Downtown Concord Retail Opportunity

      Retail space for sale in a prime downtown location.
      1790 Willow Pass Rd, Concord, CA 94520
      View Details
    • $925,000

      Historic Downtown Concord Office Building

      Historic building in downtown Concord with commercial mixed-use zoning.
      2080 East St, Concord, CA 94520
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Highway 4 Retail/Drive-Thru Locations

      Prime retail and drive-thru locations near Highway 4.
      Evora Rd And Willow Pass Ct, Concord, CA 94520
      View Details
    • $1.50 SF/Yr

      Equipped Commercial Kitchen For Lease

      Fully equipped commercial kitchen, perfect for various food businesses.
      1050 Burnett Ave, Concord, CA 94520
      View Details
    • $1.50 SF/Yr

      Fully Equipped Commercial Kitchen Space

      Commercial kitchen space for caterers, food trucks, and start-ups.
      1050 Burnett Ave, Concord, CA 94520
      View Details
    • Contact for pricing

      Retail Space in Park 'n Shop

      Retail space in Concord's busy Park 'n Shop retail center.
      1679 Willow Pass Rd, Concord, CA 94520
      View Details
    • Contact for pricing

      Retail Space in Concord Plaza

      Retail space in Concord's cultural and commercial center.
      2151 Salvio St, Concord, CA 94520
      View Details
    • Contact for pricing

      Retail Space in Park 'N Shop

      Retail space available in the Park 'N Shop center.
      1679-1691 Willow Pass Rd, Concord, CA 94520
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Evora Rd And Willow Pass Ct
    Concord, CA 94520
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Evora Rd And Willow Pass Ct, Concord, CA, 94520
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!