Property profile

1641 Challenge Dr Ste A Concord, CA 94520

OFF-MARKET
Industrial properties
Property ID
US09-1643268
18,800 SF 1.37 ac lot Built 1962
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL PARK
Year built 1962
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 18,800 SF
Lot 1.37 ac (59,677 SF)
Zoning code PI
APN 127-231-022-6
UPID US09-1643268

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor Construction Company
  • Construction Company General Contractor
  • Marketing & Advertising Event Planning
  • Charitable Organization Social Service Agency
  • Soil Testing Service Engineer

Location

1641 Challenge Dr Ste A Concord, CA 94520-5289
Concord metro Census 327001 SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.63M
CAP Approach CAP
$3.48M
Comparable Approach Comparable
$3.81M
Blend (final) Blend
$4.63M

Owner & transaction history

since 2024
Last sale
$4.6M
7 recorded transactions
2024
Price N/A
2024
Price N/A
2024
$4.6M
2021
Price N/A
2020
$3.4M
2017
Price N/A
2010
Price N/A

Zoning & alternative use

PI · Concord, CA
Top alternative use upside
Medical building $6.8M +127.0%
Commercial (general) $6.5M +117.6%
Office building $6.3M +108.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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