Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2329 Willow Pass Rd Bay Point, CA 94565-3329

    • Apartment buildings
    • 4,317 SF
    • 0.28 lot acres
    OFF-MARKET
    Last Sale
    Jan 26, 2021
    $2,725,000
    Value Estimations
    $2,640,000
    Show details
    Cap Rate Potential
    2.7%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-0508666
    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.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2329 Willow Pass Rd

    Year built
    1930
    Lot size
    0.28 lot acres
    Property size
    4,317 SF
    Zone code
    P-1
    Property type
    Apartment buildings
    APN
    095-031-012-8
    APU
    950310128

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,520,000
      ML approach
      $2,585,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,995,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bay Point
    County
    Contra Costa
    State
    California
    Longitude
    -121.935
    Latitude
    38.0264
    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
    $28,650
    $636,724
    $1,379,570
    $2,016,294
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $9,615,000
      516,154 SF

      San Marco Blvd

      APARTMENT HOUSE (5+ UNITS) • 516,154 SF
      San Marco Blvd, Pittsburg, CA 94565
      View Details
    • Value Estimation
      $22,950,000
      224,132 SF

      2001 Oak Hls Cir

      APARTMENT HOUSE (5+ UNITS) • 224,132 SF
      2001 Oak Hls Cir, Pittsburg, CA 94565
      View Details
    • Value Estimation
      $9,290,000
      63,842 SF

      30 Castlewood Dr

      APARTMENT HOUSE (5+ UNITS) • 63,842 SF
      30 Castlewood Dr, Pittsburg, CA 94565-5798
      View Details
    • Value Estimation
      $9,870,000
      110,012 SF

      2131 Crestview Ln

      APARTMENT HOUSE (5+ UNITS) • 110,012 SF
      2131 Crestview Ln, Pittsburg, CA 94565-7444
      View Details
    • Value Estimation
      $16,085,000
      180,798 SF

      2131 Crestview Ln

      APARTMENT HOUSE (5+ UNITS) • 180,798 SF
      2131 Crestview Ln, Pittsburg, CA 94565-7444
      View Details
    • Value Estimation
      $7,810,000
      77,738 SF

      2571 Leland Rd

      APARTMENT HOUSE (5+ UNITS) • 77,738 SF
      2571 Leland Rd, Pittsburg, CA 94565-5173
      View Details

    Similar Nearby for Sale

    • $1,649,000
      4,872 SF

      Pittsburg Multifamily Property For Sale

      Multifamily property on 0.12 acres with development potential.
      950 East St, Pittsburg, CA 94565
      View Details
    • $1,950,000
      6,006 SF

      Upgraded 8-Unit Apartment Building

      Meticulously maintained, upgraded 8-unit apartment building in a desirable location.
      193 Ramona St, Pittsburg, CA 94565
      View Details
    • $119,500

      Spacious Apartment with Community Amenities

      Large 2-bedroom apartment with community amenities.
      215 Maui Dr, Pittsburg, CA 94565
      View Details
    • $89,500

      Spacious Mobile Home in Community

      Two-bedroom, two-bathroom mobile home in active senior community.
      141 Maui Dr, Pittsburg, CA 94565
      View Details
    • $74,500

      Park Model in All-Age Community

      New park model in Pittsburg's Riverview MHP, all-age community.
      1526 Willow Pass Rd, Pittsburg, CA 94565
      View Details
    • $159,950

      Delta Hawaii Manufactured Home

      Two-bedroom, two-bath manufactured home in a 55+ community.
      134 Banyon Dr, Pittsburg, CA 94565
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,685 SF

      Retail Space Available For Lease

      Retail property with 9,685 square feet available for rent.
      2575 Railroad Ave, Pittsburg, CA 94565
      View Details
    • Contact for pricing

      Bay Point Commercial Land Available

      Commercial land available for rent in Bay Point, California.
      805 Port Chicago Hwy, Bay Point, CA 94565
      View Details
    • $1.00 SF/Yr
      15,000 SF

      Retail Space in Pittsburg Center

      Retail spaces available in a busy shopping center.
      2931 Railroad Ave, Pittsburg, CA 94565
      View Details
    • Contact for pricing
      21,000 SF

      Industrial Warehouse Space Available

      Industrial warehouse space for lease in Pittsburg, California.
      780 Clark Ave, Pittsburg, CA 94565
      View Details
    • Contact for pricing
      6,662 SF

      Industrial Warehouse with Fenced Yard

      Industrial warehouse featuring fenced yard and grade level doors.
      970 Garcia Ave, Pittsburg, CA 94565
      View Details
    • Contact for pricing
      101,850 SF

      Pittsburg Power Center Retail Space

      Retail spaces available in a well-maintained power center.
      4301 Century Blvd, Pittsburg, CA 94565
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2329 Willow Pass Rd
    Bay Point, CA 94565-3329
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.