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Property profile & analytics
FOR LEASE
Office buildings
1401 Willow Pass Rd Concord, CA 94520
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1445867
For Lease
1 / 2
Contact for pricing
1401 Willow Pass Rd, Concord, CA 94520
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Property summary
AI-generated overview
The Metroplex Office Centre One, located at 1401 Willow Pass Rd, Concord, CA 94520, offers exceptional executive office space in Contra Costa County. This ten-story, 231,141 square foot building, constructed in 2003, sits on a 2.5-acre lot and boasts convenient access to I-680 and Highway 242. Five suites are currently available, ranging from 1,299 to 24,264 contiguous square feet, with a total of 35,435 square feet currently vacant. The building features ample parking with 1,803 spaces, two elevators, and 24-hour manned security. On-site amenities include a building conference center, a health club complete with showers and lockers, and a restaurant. Its prime location offers excellent freeway access and visibility, and it's adjacent to major retail services. The minimum divisible space is 1,299 square feet. This property presents a unique opportunity for businesses seeking modern, well-appointed office space in a highly accessible location. For a virtual tour, please visit the property website.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Total area
237,250 SF
Lot
1.41 ac (61,420 SF)
APN
126-300-049-7
UPID
US09-1445867
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
-
Open MRI MIDC Medical Clinic
-
Bay Area Criminal Defense Attorneys Law Firm
-
Metroplex Apartment Building Office Space Rental Agency
-
Ferrante Insurance Services, Inc. Insurance Agency
-
HR Options Employment Agency Business Service Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.37M
Owner & transaction history
Seecon Commercial LLC · 5 yrs held
Seecon Commercial LLC
since 2021
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$94 / 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
$171,889
Tax year 2024
Assessed value
$13,854,000
Assessed 2024
Previous assessed
$13,854,000
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,192,700
Assessed improvement
$12,661,300
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
2003
Heating
NONE
Stories
1
Total area
237,250 SF
Lot
1.41 ac (61,420 SF)
APN
126-300-049-7
UPID
US09-1445867
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
2003
Heating
NONE
Stories
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
Seecon Commercial LLC
Entity
Mailing address
1800 WILLOW PASS CT, CONCORD, CA 94520-1012
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2021
—
Seecon Commercial LLC
Seecon Financial & Construction Co
Grant Deed
$77,550,000 · Prudential Insurance Of America
Sep 24, 1985
—
Owner Name Unavailable
—
Grant Deed
related
—
Dec 30, 1983
—
Owner Name Unavailable
—
Grant Deed
related
—
—
—
Seecon Finl & Const Co INC
—
Deed Of Trust
related
$30,000,000 · Prudential Insurance Co Americ
—
—
Seecon Financial & Cons Co INC
—
Deed Of Trust
related
$30,000,000 · Northwestern Mutual Life Ins
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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