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Property profile & analytics
FOR LEASE
Office buildings
1000 Burnett Ave Concord, CA 94520
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US09-5134238
For Lease
$11,215,000
1000 Burnett Ave, Concord, CA 94520
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
98,684 SF
Lot
2.8 ac (121,881 SF)
APN
126-325-017-5
UPID
US09-5134238
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Covered California Certified Agent Insurance Agency
-
UFCW & Employers Trust, LLC Insurance Agency
-
California Psychiatric Medical Grp Medical Clinic
-
Old Republic Title Title Company Escrow Service
-
Old Republic Title Co Title Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.31M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.22M
Owner & transaction history
Galaxy II Concord Corp · 13 yrs held
Galaxy II Concord Corp
since 2013
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Concord submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Concord submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,580,000
6.5%
$15,305,000
7%
$14,210,000
Blend value · Realmo final
$11.22M
Range $10.09M – $12.34M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$114 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$156,587
Tax year 2024
Assessed value
$13,340,270
Assessed 2024
Previous assessed
$13,340,270
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$5,859,143
Assessed improvement
$7,481,127
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1989
Heating
NONE
Stories
1
Total area
98,684 SF
Lot
2.8 ac (121,881 SF)
APN
126-325-017-5
UPID
US09-5134238
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Stories
1
Lot
2.8 ac
Current owner
From public records · entity-resolved
Galaxy II Concord Corp
Entity
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2020
—
Galaxy II Concord Corporation
—
Deed
related
$3,000,000 · Fremont Bank
Aug 7, 2014
—
Galaxy II Concord Corp
—
Grant Deed
related
$6,000,000 · Fremont Bk
Jul 1, 2013
—
Galaxy II Concord Corp
Orix Cap Series 2004-4
Grant Deed
related
—
Dec 30, 2009
$10,000,000
Banc Of America Coml 2004-4
Assured Lender Svcs INC
Trustees Deed
related
—
Apr 11, 2008
—
Transwestern Galaxy Concord II
1001 Gop Two LLC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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