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Property profile & analytics
OFF-MARKET
Estimated value
$4,325,000
Industrial properties
2225 Freed Way, Pittsburg, CA 94565-5294
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3133927
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
1979
Total area
15,360 SF
Lot
0.99 ac (43,124 SF)
APN
088-400-001-9
UPID
US09-3133927
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.32M
CAP Approach
CAP
$3.51M
Comparable Approach
Comparable
$4.03M
Blend (final)
Blend
$4.33M
Owner & transaction history
Carol Joan Dore · 4 yrs held
Carol Joan Dore
since 2022
Last sale
$4.4M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.7M
+146.7%
Medical building
$5.6M
+104.9%
Commercial (general)
$5.3M
+96.4%
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 Pittsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pittsburg 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
$4,285,000
ML approach
$4,320,000
CAP Approach
CAP Return
Estimation
6%
$3,800,000
6.5%
$3,505,000
7%
$3,255,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,725,000
Current use
RESTAURANT
$6,715,000
Change: +147% · Conversion: Difficult
MEDICAL BUILDING
$5,580,000
Change: +105% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,345,000
Change: +96% · Conversion: Difficult
OFFICE BUILDING
$5,280,000
Change: +94% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,075,000
Change: +50% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,685,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$4.33M
Range $3.89M – $4.76M · ±10% · vs last sale $4.35M (Jun 23 2022)
Last sale anchor
$4.35M
Jun 23 2022
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
$282 / 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
$26,547
Tax year 2024
Assessed value
$2,059,992
Assessed 2024
Previous assessed
$2,059,992
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$717,876
Assessed improvement
$1,342,116
Applied tax rate
7.0000
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
Industrial properties
Use group
INDUSTRIAL PARK
Status
Off-Market
Year built
1979
Heating
NONE
Stories
1
Units
1
Rooms
1
Total area
15,360 SF
Lot
0.99 ac (43,124 SF)
APN
088-400-001-9
UPID
US09-3133927
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.7M
RESTAURANT
Est. value
$6.7M
MEDICAL BUILDING
Est. value
$5.6M
COMMERCIAL (GENERAL)
Est. value
$5.3M
OFFICE BUILDING
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
INDUSTRIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1979
Heating
NONE
Stories
1
Units
1
Rooms
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Carol Joan Dore
Individual
Mailing address
370 CIVIC DR #2275, PLEASANT HILL, CA 94523-1921
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2022
$4,350,000
Carol Joan Dore
Frecia Co
Grant Deed
$1,700,000 · Heritage Bank Of Commerce
Jun 23, 2022
—
Lori Innes
Clay Richey
Intrafamily Transfer
related
—
May 31, 1974
—
—
—
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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