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Property profile & analytics
OFF-MARKET
Estimated value
$10,295,000
Apartment buildings
1101 Carey Dr Concord, CA 94520-4356
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0138088
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Total area
33,376 SF
Lot
1.1 ac (47,916 SF)
Zoning code
M1
APN
128-261-014-4
UPID
US09-0138088
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
-
Converge Townhomes Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.53M
CAP Approach
CAP
$8.15M
Comparable Approach
Comparable
$12.97M
Blend (final)
Blend
$10.30M
Owner & transaction history
1101carey LLC · 4 yrs held
1101carey LLC
since 2021
Last sale
$10.8M
7 recorded transactions
Zoning & alternative use
M1 · Concord, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.6M
+50.4%
Medical building
$12.1M
+24.9%
Commercial (general)
$11.6M
+19.7%
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
$10,005,000
ML approach
$9,530,000
CAP Approach
CAP Return
Estimation
6%
$8,825,000
6.5%
$8,145,000
7%
$7,565,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,705,000
Current use
RESTAURANT
$14,595,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$12,120,000
Change: +25% · Conversion: Moderate
COMMERCIAL (GENERAL)
$11,615,000
Change: +20% · Conversion: Moderate
OFFICE BUILDING
$11,135,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,850,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$8,150,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$10.30M
Range $9.27M – $11.32M · ±10% · vs last sale $10.83M (Aug 6 2021)
Last sale anchor
$10.83M
Aug 6 2021
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
$308 / 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
$158,352
Tax year 2024
Assessed value
$11,303,142
Assessed 2024
Previous assessed
$11,303,142
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$6,762,600
Assessed improvement
$4,540,542
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1964
Heating
NONE
Buildings
7
Stories
1
Units
39
Rooms
39
Total area
33,376 SF
Lot
1.1 ac (47,916 SF)
Zoning code
M1
APN
128-261-014-4
UPID
US09-0138088
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
M1 · Concord, CA
Zoning M1 · permitted uses
M1 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$9.7M
RESTAURANT
Est. value
$14.6M
MEDICAL BUILDING
Est. value
$12.1M
COMMERCIAL (GENERAL)
Est. value
$11.6M
OFFICE BUILDING
Est. value
$11.1M
AUTO REPAIR, GARAGE
Est. value
$8.9M
RETAIL STORES
Est. value
$8.2M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1964
Heating
NONE
Stories
1
Buildings
7
Units
39
Rooms
39
Lot
1.1 ac
Current owner
From public records · entity-resolved
1101carey LLC
Entity
Mailing address
10824 OLSON DR STE C, RANCHO CORDOVA, CA 95670-5651
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2021
$10,825,000
1101carey LLC
29sc Twin Peaks LP
Grant Deed
$7,580,000 · Bbcn Bank
Jan 12, 2017
$7,750,000
295c Twin Peakslp
John C Leary
Grant Deed
$5,812,500 · Pacific Western National Bank
Dec 30, 2015
—
Hfp Investments LLC
Denmark Investments LLC
Quit Claim Deed
related
—
Nov 25, 2014
—
John C Leary
Susan Brooks Leary
Intrafamily Transfer
related
$4,162,500 · Jpmorgan Chase Bank NA
Aug 18, 2006
$4,625,000
Denmark Investments LLC
Twin Peaks LLC
Grant Deed
—
Aug 28, 1997
—
Twin Peaks LLC
Andelson,suzanne
Grant Deed
$1,155,000 · Bay View Federal Bank
Apr 16, 1996
—
Mark Adelson
Adelson,silvia M
Quit Claim Deed
related
—
Apr 16, 1996
$1,080,000
Adelson,suzanne
Su,yung S & May H
Trustees Deed
related
$144,000 · Seller
Aug 16, 1994
—
Clarence N Cormier
Cormier,carole M
Quit Claim Deed
$750,000 · Great Western Bank
May 18, 1992
—
Clarence Cormier
Cormier,e.
Quit Claim Deed
related
—
—
—
Twin Peaks LLC
—
Deed Of Trust
related
$2,000,000 · Abn Amro Mortgage Group INC
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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