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Property profile & analytics
OFF-MARKET
Estimated value
$2,750,000
Industrial properties
1069 Shary Cir Concord, CA 94518-2462
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2773190
Property summary
AI-generated overview
This exceptional Class A industrial warehouse, located at 1069 Shary Cir, Concord, CA 94518, presents a compelling investment opportunity. The 11,520 square foot building, constructed in 1969, boasts a desirable central Concord location within Contra Costa County. Currently operating as a multi-tenant property, the warehouse features four grade-level loading docks, a 20-foot clear ceiling height, and is suitable for front-loader access. The property's current Net Operating Income (NOI) stands at $104,239, with a pro-forma NOI projected at $203,112, reflecting significant upside potential. This potential stems from existing tenants currently operating under short-term leases below market rates, offering immediate opportunities for rental increases and improved profitability. The gross lease structure simplifies management, while the light industrial nature of the building caters to a wide range of potential tenants. This is a rare chance to acquire a well-located, multi-tenant warehouse with substantial value-add potential in a thriving California market. The asking price is $3,400,000.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
1969
Construction
CONCRETE
Total area
11,520 SF
Lot
0.57 ac (24,829 SF)
Zoning code
PI
APN
129-342-008-7
UPID
US10-2773190
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
-
Signs That Sell (Bike/Boat/Book/etc) Store Printing Service
-
Aggregate Engineering Inc. Engineering Consultant Paving Contractor
-
Hein Lighting & Electric Inc Building Supply Hardware & Home Improvement
-
Century Pyramid Window Cleaning Landscaping General Contractor
-
Gulf2Bay Softwash Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.13M
Comparable Approach
Comparable
$2.58M
Blend (final)
Blend
$2.75M
Owner & transaction history
Thura LLC · 1 yrs held
Thura LLC
since 2025
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
PI · Concord, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.2M
+108.9%
Commercial (general)
$4.0M
+100.2%
Office building
$3.8M
+91.8%
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%
$2,305,000
6.5%
$2,130,000
7%
$1,980,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,005,000
Current use
MEDICAL BUILDING
$4,185,000
Change: +109% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,010,000
Change: +100% · Conversion: Difficult
OFFICE BUILDING
$3,845,000
Change: +92% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,375,000
Change: +68% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,055,000
Change: +52% · Conversion: Easy
Blend value · Realmo final
$2.75M
Range $2.48M – $3.03M · ±10% · vs last sale $3.15M (Oct 13 2024)
Last sale anchor
$3.15M
Oct 13 2024
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
$239 / 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
$26,824
Tax year 2024
Assessed value
$2,146,261
Assessed 2024
Previous assessed
$2,146,261
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$802,953
Assessed improvement
$1,343,308
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
Off-Market
Year built
1969
Construction
CONCRETE
Heating
FORCED AIR
Cooling
WALL UNIT
Stories
1
Units
4
Rooms
4
Total area
11,520 SF
Lot
0.57 ac (24,829 SF)
Zoning code
PI
APN
129-342-008-7
UPID
US10-2773190
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
$2.0M
MEDICAL BUILDING
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.1M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1969
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
4
Rooms
4
Lot
0.57 ac
Current owner
From public records · entity-resolved
Thura LLC
Entity
Mailing address
255 PORTOLA DR, SAN MATEO, CA 94403-2326
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
Jan 13, 2025
$3,150,000
Thura LLC
Kenneth A Callegari
Grant Deed
$1,600,000 · Harvest Small Business Finance LLC
Jan 13, 2025
—
Thura LLC
—
Deed
related
$1,277,000 · Bay Area Employment Development Company
Jun 7, 2019
—
Kenneth A Callegari
Callegari,michelle
Quit Claim Deed
related
$905,000 · First Republic Bank
Nov 30, 2017
—
Kenneth A Callegari
Scl Group INC
Grant Deed
$915,000 · Wells Fargo Bank NA
Aug 28, 2008
—
Scl Group INC
Daniel J Mazzoncini JR
Grant Deed
$1,360,000 · Wells Fargo Bank NA
Jun 30, 2005
$1,125,000
Mazzoncini Trust
Noonan,barbara M
Grant Deed
—
Jan 23, 1969
—
—
—
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.
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