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    2120 Diamond Blvd Concord, CA 94520
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    Property profile & analytics

    2120 Diamond Blvd Concord, CA 94520

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    • Office buildings
    • 28,324 SF
    • 1.51 lot acres
    For Lease
    $2 SF/Yr
    View Listing →
    Concord Office Space For Rent For Lease
    $2 SF/Yr
    2,586 SF

    Concord Office Space For Rent

    Office space available across from The Veranda in Concord.

    2120 Diamond Blvd, Concord, CA
    View Listing
    Property ID
    US10-2501661
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Farmers Insurance - Hunter McKee / Insurance Agency
    • Farmers Insurance - Keith Jenkins / Insurance Agency
    • Strong Insurance Agency / Insurance Agency
    • Farmers Insurance Group of Companies / Financial Advisor / Insurance Agency
    • Child Abuse Prevention Council / Charitable Organization / Social Service Agency

    Property Details for 2120 Diamond Blvd

    Year built
    1982
    Lot size
    1.51 lot acres
    Property size
    28,324 SF
    Zone code
    PD
    Property type
    Office buildings
    APN
    126-326-003-4
    APU
    1263260034

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,760,000
      6.5%
      $4,390,000
      7%
      $4,080,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Contra Costa
    State
    California
    Longitude
    -122.058
    Latitude
    37.9754
    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
    $57,187
    $2,639,510
    $2,320,675
    $4,960,185
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $17,825,000
      183,600 SF

      1200 Concord Ave

      OFFICE BUILDING • 183,600 SF
      1200 Concord Ave, Concord, CA 94520-4915
      View Details
    • Value Estimation
      $7,960,000
      61,360 SF

      4005 Prt Chicago Hwy

      OFFICE BUILDING • 61,360 SF
      4005 Prt Chicago Hwy, Concord, CA 94520-1180
      View Details
    • Value Estimation
      $2,500,000
      10,614 SF

      2290 Diamond Blvd Ste, Unit 100

      OFFICE BUILDING • 10,614 SF
      2290 Diamond Blvd Ste, Concord, CA 94520-5744
      View Details
    • Value Estimation
      $11,215,000
      98,684 SF

      1000 Burnett Ave

      OFFICE BUILDING • 98,684 SF
      1000 Burnett Ave, Concord, CA 94520-2000
      View Details
    • Value Estimation
      $3,460,000
      28,147 SF

      1849 Willow Pass Rd

      OFFICE BUILDING • 28,147 SF
      1849 Willow Pass Rd, Concord, CA 94520-2524
      View Details
    • Value Estimation by Request
      3,500 SF

      1124 Caven Way

      OFFICE BUILDING • 3,500 SF
      1124 Caven Way, Concord, CA 94520-3112
      View Details

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      Historic Downtown Concord Office Building

      Historic building in downtown Concord with commercial mixed-use zoning.
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      6,492 SF

      Concord Office Building For Sale

      6,492 SF office building available in Concord, California.
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    • $925,000

      Historic Downtown Concord Office Building

      Historic building in downtown Concord with commercial mixed-use zoning.
      2080 East St, Concord, CA 94520
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      19,586 SF

      Concord Office Building For Sale

      Highly visible Concord office building with prime signage placement.
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      21,352 SF

      Concord Office Building For Sale

      21,352 SF office building with 6.49% CAP rate.
      901 Sunvalley Blvd, Concord, CA 94520
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    Similar Nearby for Lease

    • Contact for pricing
      1,807 SF

      Concord Office Space Available

      Office space for lease in a convenient Concord location.
      1470 Civic Ct, Concord, CA 94520
      View Details
    • Contact for pricing

      Class A Office Buildings

      Two Class A office buildings with park-like courtyard.
      1000 Burnett Ave, Concord, CA 94520
      View Details
    • Contact for pricing
      7,860 SF

      Concord Office Space For Lease

      Office space available for lease in Concord, California.
      2020 Willow Pass Rd, Concord, CA 94520
      View Details
    • Contact for pricing
      31,649 SF

      Concord Office Space Available

      Office space available for lease in Concord, California.
      1220 Concord Ave, Concord, CA 94520
      View Details
    • Contact for pricing
      1,504 SF

      Diamond Way Flex Space Available

      Flex space with Class A improvements and abundant parking.
      1220 Diamond Way, Concord, CA 94520
      View Details
    • Contact for pricing
      2,586 SF

      Concord Office Space For Rent

      Office space available across from The Veranda in Concord.
      2120 Diamond Blvd, Concord, CA 94520
      View Details
    View Listing
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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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    2120 Diamond Blvd, Concord, CA, 94520
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