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Property profile & analytics
OFF-MARKET
Estimated value
$2,185,000
Retail space
2191 Solano Way Concord, CA 94520-4719
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0489764
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1951
Total area
5,879 SF
Lot
0.28 ac (12,250 SF)
Zoning code
NC
APN
110-235-033-5
UPID
US09-0489764
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
-
Solano Market Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$2.19M
Owner & transaction history
Solano Market LLC · 4 yrs held
Solano Market LLC
since 2021
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
NC · Concord, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+79.1%
Medical building
$2.1M
+48.8%
Commercial (general)
$2.0M
+42.6%
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
$2,035,000
ML approach
$2,165,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,435,000
Current use
RESTAURANT
$2,570,000
Change: +79% · Conversion: Easy
MEDICAL BUILDING
$2,135,000
Change: +49% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,045,000
Change: +43% · Conversion: Easy
OFFICE BUILDING
$1,960,000
Change: +37% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,710,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,560,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$2.19M
Range $1.97M – $2.40M · ±10% · vs last sale $2.30M (Sep 29 2021)
Last sale anchor
$2.30M
Sep 29 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
$372 / 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
$28,068
Tax year 2024
Assessed value
$2,392,920
Assessed 2024
Previous assessed
$2,392,920
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,040,400
Assessed improvement
$1,352,520
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1951
Heating
NONE
Stories
1
Units
1
Rooms
1
Total area
5,879 SF
Lot
0.28 ac (12,250 SF)
Zoning code
NC
APN
110-235-033-5
UPID
US09-0489764
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
NC · Concord, CA
Zoning NC · permitted uses
NC · 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
RETAIL STORES Current
Est. value
$1.4M
RESTAURANT
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1951
Heating
NONE
Stories
1
Units
1
Rooms
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Solano Market LLC
Entity
Mailing address
911 ESTRELLA CT, CONCORD, CA 94518-3415
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2021
$2,300,000
Solano Market LLC
Bong Jim Park
Grant Deed
$3,190,000 · Bbcn Bank
Jan 13, 2012
$990,000
Bong J Park
Park,kyung H
Grant Deed
related
$495,000 · California Bank & Trust
Jan 5, 2001
$500,000
Kyung H Park
Rodrigues,john & Carole A
Grant Deed
$450,000 · Seller
Sep 7, 1978
—
—
—
Grant Deed
related
—
—
—
John Rodrigues
—
Deed Of Trust
related
$260,000 · Walnut Creek Mortgage & Invest
—
—
Kyung H Park
—
Deed Of Trust
related
$820,000 · United Commercial Bank
—
—
Kyung H Park
—
Deed Of Trust
related
$260,000 · United Commercial Bank
—
—
Kyung Park
—
Deed Of Trust
related
$350,000 · Asiana Bank
Dec 14, 1961
—
Owner Name Unavailable
—
Grant Deed
related
—
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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