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Property profile & analytics
OFF-MARKET
Estimated value
$2,495,000
Office buildings
1957 Parkside Dr Concord, CA 94519-2525
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3285047
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Total area
16,407 SF
Lot
0.49 ac (21,344 SF)
Zoning code
AP
APN
111-230-040-3
UPID
US10-3285047
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
-
Bealick Dennis MD Physician
-
Cdc Division Of Adult Parole Medical Clinic
-
Contra Costa Parole Office Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.55M
Comparable Approach
Comparable
$2.63M
Blend (final)
Blend
$2.50M
Owner & transaction history
Cocores Dev Co · 18 yrs held
Cocores Dev Co
since 2007
7 recorded transactions
Zoning & alternative use
AP · Concord, CA
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%
$2,755,000
6.5%
$2,545,000
7%
$2,365,000
Blend value · Realmo final
$2.50M
Range $2.25M – $2.74M · ±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
$152 / 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
$36,692
Tax year 2024
Assessed value
$3,225,000
Assessed 2024
Previous assessed
$3,225,000
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,061,100
Assessed improvement
$2,163,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1976
Heating
NONE
Stories
1
Units
3
Rooms
3
Total area
16,407 SF
Lot
0.49 ac (21,344 SF)
Zoning code
AP
APN
111-230-040-3
UPID
US10-3285047
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
AP · Concord, CAZoning AP · permitted uses
AP · Concord, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Concord Municipal Code
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Stories
1
Units
3
Rooms
3
Lot
0.49 ac
Current owner
From public records · entity-resolved
Cocores Dev Co
Entity
Free & Clear · 18 yrs held
Mailing address
1406 WEBSTER ST, ALAMEDA, CA 94501-3825
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2007
$3,100,000
Cocores Dev Co
Pessin J E 2006 Living Trust
Grant Deed
—
Aug 29, 2007
—
Thomas P O'toole
Pessin,john E
Affidavit Of Death
related
—
Aug 7, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Nov 23, 2005
—
John E Pessin
1957 Parkside LLC
Grant Deed
$1,750,000 · Westamerica Bank
Sep 13, 2005
$2,750,000
1957 Parkside LLC
Petropoulos,jim
Grant Deed
$1,800,000 · Centennial Bank
Apr 9, 2004
$1,825,000
Jim Petropoulos
Otto LLC
Grant Deed
$925,000 · Greater Bay Bank
Jun 27, 2000
—
Otto LLC
Coyle,christopher & Patricia
Grant Deed
related
—
Jun 2, 2000
$1,150,000
Christopher Coyle
Sherwin,steven R & Linda
Grant Deed
$575,000 · Westamerica Bank
Feb 2, 1996
$3,500
Steven R Sherwin
Sherwin,steven R& Linda J
Grant Deed
related
—
Sep 12, 1995
—
California Federal Bank
Home Savings Of America
Quit Claim Deed
related
—
Sep 12, 1995
$620,000
Sherwin,steven R & Linda J
California Federal Bank
Trustees Deed
$250,000 · California Federal Bank
Apr 21, 1995
$592,710
Home Savings Of America
Burke,robert H
Trustees Deed
related
—
—
—
Steven R Sherwin
—
Deed Of Trust
related
$550,000 · Borel Bank & Trust
—
—
Otto LLC
—
Deed Of Trust
related
$710,000 · Westamerica Bank
—
—
Robert H Burke
—
Deed Of Trust
related
$60,000 · Bank Of Oakland
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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