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Property profile & analytics
OFF-MARKET
Estimated value
$8,790,000
Apartment buildings
1621 Adelaide St 1 Concord, CA 94520-3243
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3245998
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1967
Total area
26,048 SF
Lot
0.92 ac (40,075 SF)
Zoning code
M1
APN
126-260-063-6
UPID
US09-3245998
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
-
Franciscan Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.96M
CAP Approach
CAP
$6.36M
Comparable Approach
Comparable
$10.13M
Blend (final)
Blend
$8.79M
Owner & transaction history
Drian Brandly · 4 yrs held
Drian Brandly
since 2022
Last sale
$8.6M
7 recorded transactions
Zoning & alternative use
M1 · Concord, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.4M
+50.4%
Medical building
$9.5M
+24.9%
Commercial (general)
$9.1M
+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
$9,005,000
ML approach
$8,955,000
CAP Approach
CAP Return
Estimation
6%
$6,885,000
6.5%
$6,355,000
7%
$5,905,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$7,575,000
Current use
RESTAURANT
$11,390,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$9,460,000
Change: +25% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,065,000
Change: +20% · Conversion: Moderate
OFFICE BUILDING
$8,690,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,905,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$6,360,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$8.79M
Range $7.91M – $9.67M · ±10% · vs last sale $8.60M (Jan 26 2022)
Last sale anchor
$8.60M
Jan 26 2022
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
$337 / 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
$128,294
Tax year 2024
Assessed value
$8,956,020
Assessed 2024
Previous assessed
$8,956,020
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$5,306,040
Assessed improvement
$3,649,980
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
1967
Heating
NONE
Buildings
4
Stories
1
Units
35
Rooms
35
Total area
26,048 SF
Lot
0.92 ac (40,075 SF)
Zoning code
M1
APN
126-260-063-6
UPID
US09-3245998
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
$7.6M
RESTAURANT
Est. value
$11.4M
MEDICAL BUILDING
Est. value
$9.5M
COMMERCIAL (GENERAL)
Est. value
$9.1M
OFFICE BUILDING
Est. value
$8.7M
AUTO REPAIR, GARAGE
Est. value
$6.9M
RETAIL STORES
Est. value
$6.4M
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
1967
Heating
NONE
Stories
1
Buildings
4
Units
35
Rooms
35
Lot
0.92 ac
Current owner
From public records · entity-resolved
Drian Brandly
Individual
Mailing address
11 EMBARCADERO W STE #200, OAKLAND, CA 94607-4543
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2022
—
Drian Brandly
Fairway House LLC
Grant Deed
—
Jan 26, 2022
$8,600,000
Mary Kate Rittmann
Bradley Drian
Grant Deed
$5,470,000 · Pacific Premier Bank
Jul 1, 2014
$1,309,000
Fairway House LLC
Francisnut LLC
Grant Deed
—
Dec 28, 2012
$3,695,000
Francisnut LLC
Steve Sherwin
Grant Deed
$2,765,000 · Jpmorgan Chase Bank NA
Jun 1, 2001
$130,000
Sherwin Trust
Sherwin Trust
Grant Deed
related
$1,100,000 · World Savings Bank
Aug 2, 2000
—
Sherwin Trust
Sherwin,steven R & Linda J
Quit Claim Deed
related
—
Mar 1, 1996
—
Steven R Sherwin
Fox Trust
Grant Deed
$985,000 · Home Savings Of America
—
—
Sherwin,tr
—
Deed Of Trust
related
$1,150,000 · World Savings 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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