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Property profile & analytics
FOR LEASE
Industrial properties
1038 Shary Cir Concord, CA 94518
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0485799
For Lease
1 / 2
$4,845,000
1038 Shary Cir, Concord, CA 94518
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
1971
Total area
25,840 SF
Lot
1.24 ac (54,189 SF)
Zoning code
PI
APN
129-351-011-9
UPID
US09-0485799
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
-
Godar Machinery Company Printing Equipment And Supplies Hydraulic Repair Service
-
California Extraction Supply Building Supply Hardware & Home Improvement
-
Maddux Signs (Bike/Boat/Book/etc) Store Printing Service
-
Caliprint Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.78M
Comparable Approach
Comparable
$5.67M
Blend (final)
Blend
$4.85M
Owner & transaction history
Forza Properties LLC · 1 yrs held
Forza Properties LLC
since 2025
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
PI · Concord, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$7.6M
+68.4%
Auto repair, garage
$6.9M
+52.5%
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%
$5,175,000
6.5%
$4,775,000
7%
$4,435,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,495,000
Current use
APARTMENT HOUSE (5+ UNITS)
$7,570,000
Change: +68% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,850,000
Change: +52% · Conversion: Easy
Blend value · Realmo final
$4.85M
Range $4.36M – $5.33M · ±10% · vs last sale $4.47M (Feb 8 2025)
Last sale anchor
$4.47M
Feb 8 2025
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
$188 / 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
$50,590
Tax year 2024
Assessed value
$4,213,620
Assessed 2024
Previous assessed
$4,213,620
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,560,600
Assessed improvement
$2,653,020
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
Industrial properties
Use group
INDUSTRIAL PARK
Status
For Lease
Year built
1971
Heating
NONE
Stories
1
Total area
25,840 SF
Lot
1.24 ac (54,189 SF)
Zoning code
PI
APN
129-351-011-9
UPID
US09-0485799
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
PI · Concord, CA
Zoning PI · permitted uses
PI · Concord, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Concord. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.6M
AUTO REPAIR, GARAGE
Est. value
$6.9M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Heating
NONE
Stories
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Forza Properties LLC
Entity
Mailing address
928 MAIN ST, MARTINEZ, CA 94553-1228
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2025
$4,466,000
Forza Properties LLC
Jennifer Martin
Grant Deed
$3,349,500 · James Declaration
Feb 28, 2019
—
James D Martin
James D Martin
Intrafamily Transfer
related
$530,000 · Westamerica Bank
Dec 20, 2012
$2,400,000
Martin James D & Diane Y Tr
Fraser Mills INC
Grant Deed
$615,000 · Westamerica Bank
Feb 5, 2002
—
Fraser Mills INC
Salluce Trust
Grant Deed
$850,000 · Business Bank Of California
Dec 20, 1999
—
Salluce Trust
Salluce Trust
Quit Claim Deed
related
—
Apr 17, 1998
—
Salluce Trust
—
Grant Deed
related
$225,000 · Bank Of America
Dec 23, 1992
—
Marianna Pagnin
Salluce,nicola &
Grant Deed
related
—
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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