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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1850 Gateway Blvd Concord, CA 94520

    • Office buildings
    • 316,241 SF
    • 3.28 lot acres
    For Lease
    View listing
    $2 SF/Yr
    Last Sale
    May 26, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3266092
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • PG&E Concord / Utility Contractor
    • Center For Health Design / Hospital
    • Iteknique Inc / Website Designer / Computer Support And Services
    • Belmarx Marketing Agency, LLC / Website Designer / Marketing Agency
    • Independent Living Resources of Solano & Contra Costa Counties / Non-Profit Organization / County Government Office

    Property Details for 1850 Gateway Blvd

    Year built
    1987
    Lot size
    3.28 lot acres
    Property size
    316,241 SF
    Zone code
    DB
    Property type
    Office buildings
    APN
    126-342-008-3
    APU
    1263420083

    Description

    Concord Gateway I, located at 1850 Gateway Blvd, Concord, CA 94520, presents a remarkable opportunity for a single tenant to occupy 33,269 square feet of Class A office space. This prestigious 10-story building, situated on a 3.279-acre lot, boasts a total of 302,995 square feet and offers unparalleled amenities. Built in 1987, the property features 900 parking spaces in an on-site garage, ensuring ample convenience for employees and clients. The building's prime location in Concord, Contra Costa County, near Clayton Rd, provides easy access to downtown amenities. On-site conveniences include a state-of-the-art health club complete with showers and lockers, a professional property management team, and a convenient deli/restaurant. 24-hour security provides peace of mind. This single-tenant occupancy opportunity is ideal for a company seeking a modern, well-maintained, and amenity-rich workspace in a desirable location. The property's impressive size and high-quality features make it an exceptional investment for businesses seeking to establish a strong presence in the Concord market. The building's executive office subtype caters to businesses requiring a sophisticated and professional environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Contra Costa
    State
    California
    Longitude
    -122.042
    Latitude
    37.9719
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $286,946
    $2,518,500
    $21,805,181
    $24,323,681
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $615,000
      5,269 SF

      2177 Diamond Blvd

      OFFICE BUILDING • 5,269 SF
      2177 Diamond Blvd, Concord, CA 94520-5703
      View Details
    • Value Estimation
      $3,960,000
      28,324 SF

      2120 Diamond Blvd

      OFFICE BUILDING • 28,324 SF
      2120 Diamond Blvd, Concord, CA 94520-5743
      View Details
    • Value Estimation
      $4,785,000
      35,704 SF

      5099 Commercial Cir

      OFFICE BUILDING • 35,704 SF
      5099 Commercial Cir, Concord, CA 94520-1291
      View Details
    • Value Estimation
      $6,630,000
      51,442 SF

      2150 John Glenn Dr

      OFFICE BUILDING • 51,442 SF
      2150 John Glenn Dr, Concord, CA 94520-5671
      View Details
    • Value Estimation
      $2,405,000
      22,716 SF

      1635 Challenge Dr

      OFFICE BUILDING • 22,716 SF
      1635 Challenge Dr, Concord, CA 94520-5206
      View Details
    • Value Estimation
      $2,510,000
      16,038 SF

      1465 Civic Ctd

      OFFICE BUILDING • 16,038 SF
      1465 Civic Ctd, Concord, CA 94520-7914
      View Details

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    • $2 SF/Yr
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      Class A Office Space Available

      Class A office space in downtown Concord location for rent.
      1850 Gateway Blvd, Concord, CA 94520
      View Details
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    Concord, CA 94520
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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