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Property profile & analytics
FOR LEASE
Retail space
2395 Monument Blvd Concord, CA 94520
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-1274576
For Lease
1 / 2
$8,545,000
2395 Monument Blvd, Concord, CA 94520
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1977
Total area
16,520 SF
Lot
0.86 ac (37,462 SF)
Zoning code
SC
APN
128-322-020-8
UPID
US09-1274576
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
-
Harvest House Specialty Food Shop
-
C & L Music (Bike/Boat/Book/etc) Store
-
Little Swimmers Tutoring Service
-
ATM Atm
-
American Custom Motorcycle Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.55M
Owner & transaction history
940 Detroit Avenue LLC · 4 yrs held
940 Detroit Avenue LLC
since 2021
Last sale
$9.0M
4 recorded transactions
Zoning & alternative use
SC · Concord, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.2M
+79.1%
Medical building
$6.0M
+48.8%
Commercial (general)
$5.8M
+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
$7,970,000
ML approach
$8,205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$7,225,000
Change: +79% · Conversion: Easy
MEDICAL BUILDING
$6,000,000
Change: +49% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,750,000
Change: +43% · Conversion: Easy
OFFICE BUILDING
$5,510,000
Change: +37% · Conversion: Easy
Blend value · Realmo final
$8.55M
Range $7.69M – $9.40M · ±10% · vs last sale $9.00M (Dec 7 2021)
Last sale anchor
$9.00M
Dec 7 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
$517 / 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
$55,123
Tax year 2024
Assessed value
$4,161,600
Assessed 2024
Previous assessed
$4,161,600
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$1,456,560
Assessed improvement
$2,705,040
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
For Lease
Year built
1977
Heating
NONE
Stories
1
Total area
16,520 SF
Lot
0.86 ac (37,462 SF)
Zoning code
SC
APN
128-322-020-8
UPID
US09-1274576
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
SC · Concord, CA
Zoning SC · permitted uses
SC · 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
RESTAURANT
Est. value
$7.2M
MEDICAL BUILDING
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.5M
RESTAURANT
MEDICAL BUILDING
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
1977
Heating
NONE
Stories
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
940 Detroit Avenue LLC
Entity
Mailing address
PO BOX 2950, MARTINEZ, CA 94553-7950
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2021
$9,000,000
940 Detroit Avenue LLC
Cortese Real Property LP
Grant Deed
$6,000,000 · Summit Bank
Feb 18, 2021
—
Cortese Real Property L P
—
Deed
related
—
Feb 17, 2021
—
Cortese Real Property LP
Cortese Management LLC
Correction Deed
related
—
Jan 9, 1975
—
Paul J Cortese
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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