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Property profile & analytics
OFF-MARKET
Estimated value
$6,240,000
Apartment buildings
1531 Adelaide St 1 Concord, CA 94520-3285
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US09-0165248
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1960
Construction
WOOD FRAME
Total area
33,933 SF
Lot
1.08 ac (47,107 SF)
Zoning code
M1
APN
126-260-058-6
UPID
US09-0165248
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
-
Platinum Plumbing and Drains Plumbing Service General Contractor
-
Windsor Park Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.24M
Owner & transaction history
Windsor Concord · 18 yrs held
Windsor Concord
since 2007
5 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,970,000
6.5%
$8,280,000
7%
$7,690,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,865,000
Current use
AUTO REPAIR, GARAGE
$8,995,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$8,285,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$6.24M
Range $5.62M – $6.86M · ±10%
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
$184 / 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
$40,781
Tax year 2024
Assessed value
$13,774,626
Assessed 2024
Previous assessed
$13,774,626
+0.0% YoY
Effective rate
0.30%
On assessed value
Assessed land
$7,655,521
Assessed improvement
$6,119,105
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
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
1
Units
48
Rooms
48
Total area
33,933 SF
Lot
1.08 ac (47,107 SF)
Zoning code
M1
APN
126-260-058-6
UPID
US09-0165248
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
$9.9M
AUTO REPAIR, GARAGE
Est. value
$9.0M
RETAIL STORES
Est. value
$8.3M
APARTMENT HOUSE (5+ UNITS) Current
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
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Units
48
Rooms
48
Lot
1.08 ac
Current owner
From public records · entity-resolved
Windsor Concord
Individual
Mailing address
230 NEWPORT CTR DR STE #210, NEWPORT BEACH, CA 92660-7525
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
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
Aug 9, 2007
—
Windsor Concord
Windsor Park Investors
Quit Claim Deed
—
Jun 11, 1999
—
Windsor Park Investors LP
Starlite Investors
Grant Deed
related
—
Feb 9, 1994
—
Starlite Investors
Brazos Partners
Grant Deed
related
—
Apr 26, 1993
—
New West Federal Savings
Fca Service Comp
Trustees Deed
related
—
—
—
Windsor Park Investors
—
Deed Of Trust
related
$3,480,000 · Wells Fargo 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.
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