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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Apartment buildings
1500 Lacey Ct 1 Concord, CA 94520-4243
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0295953
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Total area
5,490 SF
Lot
0.22 ac (9,527 SF)
Zoning code
M1
APN
128-280-024-0
UPID
US09-0295953
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$710k
Owner & transaction history
Mejvm LLC · 4 yrs held
Mejvm LLC
since 2021
7 recorded transactions
Zoning & alternative use
M1 · Concord, CA
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
$129 / 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
$15,941
Tax year 2024
Assessed value
$819,437
Assessed 2024
Previous assessed
$819,437
+0.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$269,010
Assessed improvement
$550,427
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
1961
Heating
NONE
Stories
1
Units
8
Rooms
8
Total area
5,490 SF
Lot
0.22 ac (9,527 SF)
Zoning code
M1
APN
128-280-024-0
UPID
US09-0295953
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.
Building & site characteristics
From public records
Year built
1961
Heating
NONE
Stories
1
Units
8
Rooms
8
Lot
0.22 ac
Current owner
From public records · entity-resolved
Mejvm LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3577 FRUITVALE AVE, OAKLAND, CA 94602-2326
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
—
Mejvm LLC
Michael W Marr
Grant Deed
—
Oct 29, 2014
—
The Marr Family Revocable Trust
Michael W Marr
Intrafamily Transfer
related
$1,272,000 · Mufg Union Bank NA
Jun 28, 2011
$313,000
Marr Family Trust
Kliszewski Family 1996 Trust
Grant Deed
—
Jun 28, 2011
—
Marr Family Trust
Marr,michael
Quit Claim Deed
related
—
Jun 15, 2007
—
Kliszewski 1996 Family Trust
Kliszewski,mark
Quit Claim Deed
related
—
Jun 1, 2007
—
Mark Kliszewski
Kliszewski Geneveve Trust
Quit Claim Deed
related
—
Aug 1, 2002
—
Michael Marr
Marr,annette H
Quit Claim Deed
related
$1,300,000 · Financial Inst Partners Mtg
Aug 1, 2002
$677,500
Kliszewski,tr
Marr,tr
Grant Deed
—
Jun 7, 2002
—
Michael W Marr
Hoffman-marr,annette
Quit Claim Deed
related
—
Jun 7, 2002
$1,840,000
Marr Trust
Lao,veng-pui
Grant Deed
$275,000 · Vito A Tragni
Jan 12, 2000
$1,350,000
Veng-pui L Lao
Jurado Trust
Grant Deed
$949,000 · California Loan & Trust
Apr 27, 1999
—
Jurado Trust
Jurado,joel T & Dorotea T
Quit Claim Deed
related
—
Apr 14, 1993
$308,500
Tony Tsang
Evans,james D JR
Grant Deed
$272,000 · Home Savings Of America
Jul 1, 1992
—
Evans Suzanne Trustee
Evans,james D JR
Quit Claim 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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