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Property profile & analytics
OFF-MARKET
Estimated value
$1,505,000
Apartment buildings
1640 Frisbie Ct 1 Concord, CA 94520-4254
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0134627
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Construction
WOOD FRAME
Total area
4,535 SF
Lot
0.14 ac (6,305 SF)
Zoning code
M1
APN
128-290-047-9
UPID
US09-0134627
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
$1.55M
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$1.51M
Owner & transaction history
Fema Investments LLC · 4 yrs held
Fema Investments LLC
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
M1 · Concord, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+24.9%
Commercial (general)
$1.6M
+19.7%
Office building
$1.5M
+14.7%
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
$1,415,000
ML approach
$1,545,000
CAP Approach
CAP Return
Estimation
6%
$1,200,000
6.5%
$1,105,000
7%
$1,030,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,320,000
Current use
MEDICAL BUILDING
$1,645,000
Change: +25% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,580,000
Change: +20% · Conversion: Moderate
OFFICE BUILDING
$1,515,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,200,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$1,105,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.51M
Range $1.35M – $1.66M · ±10% · vs last sale $1.53M (Nov 19 2021)
Last sale anchor
$1.53M
Nov 19 2021
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
$332 / 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
$22,778
Tax year 2024
Assessed value
$1,591,812
Assessed 2024
Previous assessed
$1,591,812
+0.0% YoY
Effective rate
1.43%
On assessed value
Assessed land
$936,360
Assessed improvement
$655,452
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
Construction
WOOD FRAME
Heating
NONE
Buildings
3
Stories
1
Units
6
Rooms
6
Bathrooms
3
Total area
4,535 SF
Lot
0.14 ac (6,305 SF)
Zoning code
M1
APN
128-290-047-9
UPID
US09-0134627
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
$1.3M
MEDICAL BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
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
1961
Construction
WOOD FRAME
Heating
NONE
Stories
1
Buildings
3
Units
6
Rooms
6
Bathrooms
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
Fema Investments LLC
Entity
Mailing address
1505 MONUMENT BLVD, CONCORD, CA 94520-4201
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2022
—
Fema Investments LLC
—
Deed
related
$1,071,000 · Luther Burbank Savings
Nov 19, 2021
$1,530,000
Fema Investments LLC
Frisbie Properties LLC
Grant Deed
$994,500 · Security Finance Company Market
Sep 19, 2018
—
Frisbie Properties LLC
Gonzalez,lorena
Quit Claim Deed
—
Dec 27, 2017
—
Frisbie Properties LLC
Gonzalez,lorena
Quit Claim Deed
related
—
May 13, 2016
—
Lorena Gonzalez
Fernando R Gonzalez
Intrafamily Transfer
related
—
Apr 12, 2013
—
Arlken LLC
Sargent,kenneth W & Arlene A
Grant Deed
—
Mar 21, 2013
—
Kenneth W Sargent
Ariken LLC
Grant Deed
—
Nov 8, 2011
$710,000
Arlken LLC
East West Investment INC
Trustees Deed
—
Jan 14, 2004
$1,435,000
Khanh H Tran
Binsfield,thomas & Crystal
Grant Deed
$1,000,000 · United California Bank
Sep 1, 1999
$310,000
Thomas Binsfield
Reed Trust
Grant Deed
$232,500 · Bay View Bank
Sep 20, 1991
$92,500
James Reed
Fetherstonhaugh,
Grant Deed
—
Nov 7, 1989
$320,000
Fetherstonhaugh
Vogen,w.
Grant Deed
$230,000 · Bay View Federal Bank
—
—
Reed Trust
—
Deed Of Trust
related
$236,000 · Bay View Federal Bank
—
—
Arlken LLC
—
Deed Of Trust
related
$450,000 · Su C C Cheng
—
—
Kenneth W Sargent
—
Deed Of Trust
related
$915,000 · Bank Of Rio Vista
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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