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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Medical Office Space
2272 Bacon St Concord, CA 94520-2022
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2699764
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1964
Total area
1,546 SF
Lot
0.16 ac (7,100 SF)
Zoning code
R6
APN
112-142-007-7
UPID
US09-2699764
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
-
Elchinoff Brian D DPM Physician
-
Teplin Lawrence A DPM Physician
-
Patel Gita J DPM Physician
-
Lawrence Milne Physician
-
Bay Area Foot Care Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$778k
Blend (final)
Blend
$790k
Owner & transaction history
Michael D Kassels · 3 yrs held
Michael D Kassels
since 2022
Last sale
$800,000
6 recorded transactions
Zoning & alternative use
R6 · 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
$790,000
ML approach
$860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$560,000
Current use
COMMERCIAL (GENERAL)
$540,000
Change: -4% · Conversion: Easy
OFFICE BUILDING
$515,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $800k (Aug 26 2022)
Last sale anchor
$800k
Aug 26 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
$511 / 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
$10,459
Tax year 2024
Assessed value
$848,966
Assessed 2024
Previous assessed
$848,966
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$275,914
Assessed improvement
$573,052
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1964
Heating
NONE
Stories
1
Units
1
Rooms
1
Bathrooms
1
Total area
1,546 SF
Lot
0.16 ac (7,100 SF)
Zoning code
R6
APN
112-142-007-7
UPID
US09-2699764
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
R6 · Concord, CAZoning R6 · permitted uses
R6 · Concord, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Concord Municipal Code
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$560,000
COMMERCIAL (GENERAL)
Est. value
$540,000
OFFICE BUILDING
Est. value
$515,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1964
Heating
NONE
Stories
1
Units
1
Rooms
1
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Michael D Kassels
Individual
Free & Clear · 3 yrs held
Mailing address
4245 LILAC RDG RD, SAN RAMON, CA 94582-5019
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2022
—
Michael D Kassels
Michael D Kassels
Intrafamily Transfer
related
—
Jun 1, 2021
$800,000
Rfp LLC
Brian D Elchinoff
Grant Deed
$400,000 · Fremont Bank
Oct 21, 1991
$188,000
Brian Elchinoff
Restuch,w.&w.
Grant Deed
$132,000 · Ryland Mortgage Co
Jul 26, 1984
—
Owner Name Unavailable
—
Grant Deed
related
—
—
—
Brian Elchinoff
—
Deed Of Trust
related
$150,000 · Heller First Capital
—
—
Restuch W.
—
Deed Of Trust
related
$131,000 · Beneficial California INC
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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