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Property profile & analytics
OFF-MARKET
Estimated value
$5,035,000
Industrial properties
140 Mason Cir Concord, CA 94520-8549
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2428717
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
1984
Construction
CONCRETE
Total area
27,748 SF
Lot
1.75 ac (76,230 SF)
Zoning code
PD
APN
159-070-031-4
UPID
US09-2428717
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
-
Healthy Hemp Strategies Big Box & Wholesale Store
-
Chairs for Affairs Event Rentals Wedding Service
-
The Hydro Pet (Bike/Boat/Book/etc) Store Pet Store
-
Mercury Heating and Air Hardware & Home Improvement HVAC Service
-
J&J's Final Coat Painting Inc. Painting Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.12M
CAP Approach
CAP
$5.13M
Comparable Approach
Comparable
$5.62M
Blend (final)
Blend
$5.04M
Owner & transaction history
140 Mason Circle LLC · 4 yrs held
140 Mason Circle LLC
since 2022
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
PD · Concord, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.1M
+81.8%
Auto repair, garage
$7.4M
+65.7%
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
$4,925,000
ML approach
$5,120,000
CAP Approach
CAP Return
Estimation
6%
$5,555,000
6.5%
$5,130,000
7%
$4,765,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,440,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,070,000
Change: +82% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,355,000
Change: +66% · Conversion: Easy
Blend value · Realmo final
$5.04M
Range $4.53M – $5.54M · ±10% · vs last sale $5.00M (Jun 2 2022)
Last sale anchor
$5.00M
Jun 2 2022
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
$181 / 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
$67,477
Tax year 2024
Assessed value
$5,361,007
Assessed 2024
Previous assessed
$5,361,007
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,635,106
Assessed improvement
$3,725,901
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
1984
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
12
Total area
27,748 SF
Lot
1.75 ac (76,230 SF)
Zoning code
PD
APN
159-070-031-4
UPID
US09-2428717
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
PD · Concord, CA
Zoning PD · permitted uses
PD · 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
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$7.4M
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
1984
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
12
Lot
1.75 ac
Current owner
From public records · entity-resolved
140 Mason Circle LLC
Entity
Mailing address
20 MANZANITA AVE, SAN RAFAEL, CA 94901-2522
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2022
—
140 Mason Circle LLC
Charles W Malet
Intrafamily Transfer
related
$3,250,000 · First Republic Bank
Dec 24, 2019
—
Charles W Malet
—
Deed
related
$3,250,000 · First Republic Bank
Aug 2, 2019
—
United States Of America
140 Mason Circle LLC
Quit Claim Deed
—
Aug 2, 2019
$5,000,000
Malet,c W & C F 2001 Trust
United States Of America
Grant Deed
—
Apr 30, 2015
$4,100,000
140 Mason Circle LLC
Lba Realty Fund II-co I LLC
Grant Deed
$2,450,000 · Heritage Bk/commerce
Jul 24, 2013
—
Lba Realty Fund II-co I LLC
Lba Realty Fund II-wbp II LLC
Quit Claim Deed
—
May 8, 2006
—
Lba Realty Fund II-wbp II LLC
Bedford Property Investors INC
Grant Deed
—
Dec 14, 1995
—
Icmpi (concord Mason 18) INC
—
Deed Of Trust
related
$60,000,000 · Bank Of America
Dec 5, 1990
$1,700,000
Icmpi INC
Unknown
Grant Deed
—
Mar 19, 1984
—
Owner Name Unavailable
—
Grant Deed
related
—
—
—
Lba Realty Fund II Co I LLC
—
Deed Of Trust
related
$97,000,000 · Bank Of America
—
—
Peter B Bedford
—
Deed Of Trust
related
$2,363,000 · Kemper Investmen
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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