Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$12,465,000
Apartment buildings
1491 Detroit Ave 201 Concord, CA 94520-3562
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-1515301
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Total area
29,181 SF
Lot
0.88 ac (38,333 SF)
Zoning code
M1
APN
128-010-086-6
UPID
US09-1515301
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
-
Coral Court Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.34M
Blend (final)
Blend
$12.47M
Owner & transaction history
Eden Coral Court LLC · 3 yrs held
Eden Coral Court LLC
since 2023
Last sale
$15.1M
5 recorded transactions
Zoning & alternative use
M1 · Concord, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.8M
+50.4%
Medical building
$10.6M
+24.9%
Commercial (general)
$10.2M
+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
$16,140,000
ML approach
$9,995,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,485,000
Current use
RESTAURANT
$12,760,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$10,600,000
Change: +25% · Conversion: Moderate
COMMERCIAL (GENERAL)
$10,155,000
Change: +20% · Conversion: Moderate
OFFICE BUILDING
$9,735,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,735,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$12.47M
Range $11.22M – $13.71M · ±10% · vs last sale $15.09M (Jun 30 2023)
Last sale anchor
$15.09M
Jun 30 2023
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
$427 / 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
$39,832
Tax year 2024
Assessed value
$15,427,806
Assessed 2024
Previous assessed
$15,427,806
+0.0% YoY
Effective rate
0.26%
On assessed value
Assessed land
$5,100,000
Assessed improvement
$10,327,806
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
1968
Heating
NONE
Stories
1
Units
47
Rooms
47
Total area
29,181 SF
Lot
0.88 ac (38,333 SF)
Zoning code
M1
APN
128-010-086-6
UPID
US09-1515301
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
$8.5M
RESTAURANT
Est. value
$12.8M
MEDICAL BUILDING
Est. value
$10.6M
COMMERCIAL (GENERAL)
Est. value
$10.2M
OFFICE BUILDING
Est. value
$9.7M
AUTO REPAIR, GARAGE
Est. value
$7.7M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1968
Heating
NONE
Stories
1
Units
47
Rooms
47
Lot
0.88 ac
Current owner
From public records · entity-resolved
Eden Coral Court LLC
Entity
Mailing address
22645 GRAND ST, HAYWARD, CA 94541-5031
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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 30, 2023
$15,093,000
Eden Coral Court LLC
1491 Detroit LLC
Grant Deed
$10,500,488 · Enterprise Community Loan Fund INC
Jan 31, 2020
—
1491 Detroit LLC
—
Deed
related
$7,891,000 · First Republic Bank
Nov 21, 2014
$6,825,000
1491 Detroit LLC
Tsai Enterprises Incorporated
Grant Deed
$4,436,250 · First Republic Bank
Oct 25, 1988
$1,146,000
Tsai Enterprises Incorporated
Unknown
Grant Deed
—
—
—
Tsai Enterprises
—
Deed Of Trust
related
$1,850,000 · Fremont Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1491 Detroit Ave, Unit 201?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
