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Property profile & analytics
OFF-MARKET
Estimated value
$2,905,000
Apartment buildings
1506 Garcez Dr 1 Concord, CA 94521-3154
Individually Owned
Absentee Owner
Free & Clear
Property ID
US09-1076002
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Total area
9,548 SF
Lot
0.3 ac (12,990 SF)
Zoning code
AP
APN
117-180-003-8
UPID
US09-1076002
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
$2.33M
Comparable Approach
Comparable
$2.69M
Blend (final)
Blend
$2.91M
Owner & transaction history
Ramy Muaddi
Ramy Muaddi
since 2026
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
AP · Concord, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+49.3%
Medical building
$3.5M
+24.0%
Commercial (general)
$3.3M
+18.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,525,000
6.5%
$2,330,000
7%
$2,165,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,795,000
Current use
RESTAURANT
$4,175,000
Change: +49% · Conversion: Difficult
MEDICAL BUILDING
$3,470,000
Change: +24% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,325,000
Change: +19% · Conversion: Moderate
OFFICE BUILDING
$3,185,000
Change: +14% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,530,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$2,330,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.91M
Range $2.61M – $3.20M · ±10% · vs last sale $3.30M (Jan 23 2026)
Last sale anchor
$3.30M
Jan 23 2026
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
$304 / 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
$32,763
Tax year 2024
Assessed value
$2,045,755
Assessed 2024
Previous assessed
$2,045,755
+0.0% YoY
Effective rate
1.60%
On assessed value
Assessed land
$721,091
Assessed improvement
$1,324,664
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
1960
Heating
NONE
Stories
1
Units
12
Rooms
12
Total area
9,548 SF
Lot
0.3 ac (12,990 SF)
Zoning code
AP
APN
117-180-003-8
UPID
US09-1076002
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
AP · Concord, CA
Zoning AP · permitted uses
AP · 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
$2.8M
RESTAURANT
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.5M
RETAIL STORES
Est. value
$2.3M
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
1960
Heating
NONE
Stories
1
Units
12
Rooms
12
Lot
0.3 ac
Current owner
From public records · entity-resolved
Ramy Muaddi
Individual
Free & Clear · 0 yrs held
Mailing address
131 SONORA AVE, DANVILLE, CA 94526-3833
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2026
—
Ramy Muaddi
Ramy Gabriel Muaddi
Deed
related
—
Jan 23, 2026
$3,295,000
Wing Sing Chong Company INC
Ramy Muaddi
Grant Deed
$2,000,000 · Jpmorgan Chase Bank NA
Jan 30, 2024
—
Ramy Gabriel Muaddi
Rnc Partners
Grant Deed
—
Sep 25, 2018
—
Rnc Partners
—
Deed
related
$1,300,000 · Jpmorgan Chase Bank NA
May 22, 2014
$1,700,000
Rnc Partners
Andrew J Thomas
Grant Deed
$1,190,000 · Luther Burbank Savings
Aug 28, 2012
$1,385,000
Andrew J Thomas
Jaime Gutierrez
Grant Deed
$1,038,750 · Jpmorgan Chase Bank NA
Dec 23, 2002
—
Jaime Gutierrez
Gutierrez,maria P
Quit Claim Deed
related
—
Dec 23, 2002
$1,425,000
J Gutierrez
Hill,tr
Grant Deed
$1,035,000 · Impac Funding Corp
Mar 25, 2002
—
Hill Trust
Hill,loren L & B L
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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