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Property profile & analytics
OFF-MARKET
Manufacturing properties
2355 Whitman Rd Concord, CA 94518-2596
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3023669
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1976
Total area
38,605 SF
Lot
2.07 ac (90,169 SF)
Zoning code
PI
APN
129-160-017-7
UPID
US09-3023669
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
-
Sobotka Air Systems Hardware & Home Improvement HVAC Service
-
Apartment Renovation Specialists General Contractor
-
Factory Entertainment Inc Nightclub Arcade & Gaming Center
-
Phoenix Enterprises Charitable Organization Social Service Agency
-
Jeh Fur Services. Storage Facility Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ro Properties LLC · 3 yrs held
Ro Properties LLC
since 2023
Last sale
$18.6M
7 recorded transactions
Zoning & alternative use
PI · Concord, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$112,262
Tax year 2024
Assessed value
$8,539,338
Assessed 2024
Previous assessed
$8,539,338
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$2,754,000
Assessed improvement
$5,785,338
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1976
Heating
NONE
Stories
1
Total area
38,605 SF
Lot
2.07 ac (90,169 SF)
Zoning code
PI
APN
129-160-017-7
UPID
US09-3023669
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
PI · Concord, CA
Zoning PI · permitted uses
PI · 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.
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Stories
1
Lot
2.07 ac
Current owner
From public records · entity-resolved
Ro Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1801 SAINT MARYS RD STE G, MORAGA, CA 94556-2700
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2023
$18,635,000
Ro Properties LLC
Lisa Hofmann Morgan
Grant Deed
—
Feb 27, 2023
—
Vita Lori Hofmann
Lisa Hofmann Morgan
Grant Deed
—
Jun 12, 2018
—
Hofmann Plastering Co
—
Grant Deed
related
$1,450,000 · First Republic Bk
Mar 31, 1976
—
Hofmann Plastering Co Trust
—
Grant Deed
related
—
Oct 3, 1975
—
—
—
Grant Deed
related
—
—
—
Hofman Plastering Co
—
Deed Of Trust
related
$2,175,000 · Bank Of America
Jan 17, 1968
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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