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Property profile & analytics
OFF-MARKET
Estimated value
$3,025,000
Manufacturing properties
2424 Bates Ave Concord, CA 94520-1206
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-3153442
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1966
Total area
14,827 SF
Lot
2 ac (87,120 SF)
Zoning code
LI
APN
159-060-078-7
UPID
US09-3153442
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
-
R&S Erection of Concord, Inc. Hardware & Home Improvement Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.14M
CAP Approach
CAP
$2.74M
Comparable Approach
Comparable
$3.00M
Blend (final)
Blend
$3.03M
Owner & transaction history
R & S Erection Of Concord INC · 4 yrs held
R & S Erection Of Concord INC
since 2022
Last sale
$3.1M
6 recorded transactions
Zoning & alternative use
LI · Concord, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.9M
+108.5%
Apartment house (5+ units)
$4.3M
+81.8%
Auto repair, garage
$3.9M
+65.7%
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
$3,005,000
ML approach
$3,140,000
CAP Approach
CAP Return
Estimation
6%
$2,970,000
6.5%
$2,740,000
7%
$2,545,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,370,000
Current use
OFFICE BUILDING
$4,945,000
Change: +109% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,310,000
Change: +82% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,930,000
Change: +66% · Conversion: Easy
Blend value · Realmo final
$3.03M
Range $2.72M – $3.33M · ±10% · vs last sale $3.05M (Apr 22 2022)
Last sale anchor
$3.05M
Apr 22 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
$204 / 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
$37,745
Tax year 2024
Assessed value
$3,173,220
Assessed 2024
Previous assessed
$3,173,220
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,560,600
Assessed improvement
$1,612,620
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
1966
Heating
NONE
Buildings
3
Stories
1
Total area
14,827 SF
Lot
2 ac (87,120 SF)
Zoning code
LI
APN
159-060-078-7
UPID
US09-3153442
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
LI · Concord, CA
Zoning LI · permitted uses
LI · 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
INDUSTRIAL (GENERAL) Current
Est. value
$2.4M
OFFICE BUILDING
Est. value
$4.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$3.9M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1966
Heating
NONE
Stories
1
Buildings
3
Lot
2 ac
Current owner
From public records · entity-resolved
R & S Erection Of Concord INC
Entity
Mailing address
2424 BATES AVE, CONCORD, CA 94520-1206
Mailing matches property
Yes
Owner-occupied
Yes
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
Apr 22, 2022
$3,050,000
R & S Erection Of Concord INC
Bay Standard INC
Grant Deed
$2,135,000 · Bank Of The West
Mar 1, 2017
—
Bay Standard INC
—
Deed
related
$407,000 · American Securities Company
Jun 29, 2016
—
Bay Standard INC
—
Deed
related
$407,000 · Wells Fargo Bank NA
Jul 15, 1975
—
Bay Standard INC
—
Grant Deed
related
—
—
—
Bay Standard INC
—
Deed Of Trust
related
$475,000 · Capitol Thrift & Loan
—
—
Bay Standard INC
—
Deed Of Trust
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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