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2455 Bates Ave, Concord, CA 94520
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Property summary
AI-generated overview
The property is a single-story, multi-tenant light industrial building totaling 19,800 square feet, located on an approximately 0.92-acre corner parcel in unincorporated Contra Costa County. Constructed of masonry and concrete, it is configured into 14 industrial and office suites. The building includes eight grade-level loading doors and is served by a 1,200-amp/480-volt electrical service, with dual 1.5-inch water lines providing 3 inches total. Multiple HVAC units serve the individual suites. The site provides approximately 37 on-site parking spaces plus 19 adjacent street parking spaces, and the parcel layout may support a secured yard area for equipment storage, fleet parking, or outdoor operations. The physical improvements and layout are suited to a range of industrial and service-related uses, including contractor, fabrication, and equipment-oriented operations.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1980
Total area
19,800 SF
Lot
0.92 ac (40,050 SF)
Zoning code
L-I
APN
159-361-009-8
UPID
US09-2998209
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store Printing Service
-
Corporate Office
-
Motorcycle Shop
-
General Contractor Renovation Specialist
-
(Bike/Boat/Book/etc) Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.04M
Blend (final)
Blend
$1.66M
Owner & transaction history
since 2025
7 recorded transactions
Zoning & alternative use
L-I · Concord, CA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.66M
Value range
$1.49M – $1.82M
±10% around blend
Estimated value / SF
$84 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
30
Income certainty
100
$1.49M
blend $1.66M
$1.82M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
19,800 SF
Lot area
0.92 ac
Year built
1980
Stories
1
APN
159-361-009-8
Zoning
L-I
Assessed value
$1,757,586
Annual tax
$22,226
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$22,226
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$5.01M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.7 mi away · 18,768 SF
17.2 mi away · 17,840 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.66M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 23 sales
$160
-48%
Submarket 39 sales
$174
-52%
County 179 sales
$177
-53%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $84/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
7.09%
Selected cap rate for this manufacturing properties
Derived from the Concord market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.09%
9.0%
NOI (est.)
$280k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.95M
Move the market yield to see immediate price impact.
Value / SF
$200
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.59%7.09%7.59%
$252k
$3.82M
$3.56M
$3.32M
$280k
$4.25M
$3.95M
$3.69M
$308k
$4.67M
$4.35M
$4.06M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$4.40M
1.5 mi · Dec 2025 · $210/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$22,226
Tax year 2024
Assessed value
$1,757,586
Assessed 2024
Previous assessed
$1,757,586
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$341,922
Assessed improvement
$1,415,664
Applied tax rate
79.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1980
Heating
NONE
Stories
1
Total area
19,800 SF
Lot
0.92 ac (40,050 SF)
Zoning code
L-I
APN
159-361-009-8
UPID
US09-2998209
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
L-I · Concord, CAZoning L-I · permitted uses
L-I · Concord, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Stories
1
Lot
0.92 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
L-I
Jurisdiction
Concord, CA
Recorded code
L-I
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for L-I in Concord, CA.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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