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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Apartment buildings
2745 Concord Blvd 1 Concord, CA 94519-2660
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3249161
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1939
Construction
WOOD FRAME
Total area
2,675 SF
Lot
0.17 ac (7,500 SF)
Zoning code
AP
APN
113-012-014-8
UPID
US10-3249161
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$655k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$575k
Owner & transaction history
Tower Hill LLC · 8 yrs held
Tower Hill LLC
since 2017
7 recorded transactions
Zoning & alternative use
AP · Concord, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$930,000
+18.8%
Office building
$890,000
+13.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$705,000
6.5%
$655,000
7%
$605,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$785,000
Current use
COMMERCIAL (GENERAL)
$930,000
Change: +19% · Conversion: Moderate
OFFICE BUILDING
$890,000
Change: +14% · Conversion: Moderate
AUTO REPAIR, GARAGE
$710,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$655,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±10%
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
$215 / 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
$19,227
Tax year 2024
Assessed value
$1,193,600
Assessed 2024
Previous assessed
$1,193,600
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$596,800
Assessed improvement
$596,800
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
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1939
Construction
WOOD FRAME
Heating
FLOOR FURNACE
Cooling
WALL UNIT
Buildings
4
Stories
1
Units
7
Rooms
7
Bathrooms
1
Total area
2,675 SF
Lot
0.17 ac (7,500 SF)
Zoning code
AP
APN
113-012-014-8
UPID
US10-3249161
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
AP · Concord, CA
Zoning AP · permitted uses
AP · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$785,000
COMMERCIAL (GENERAL)
Est. value
$930,000
OFFICE BUILDING
Est. value
$890,000
AUTO REPAIR, GARAGE
Est. value
$710,000
RETAIL STORES
Est. value
$655,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1939
Construction
WOOD FRAME
Heating
FLOOR FURNACE
Cooling
Yes
Stories
1
Buildings
4
Units
7
Rooms
7
Bathrooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Tower Hill LLC
Entity
Mailing address
2337 SAINT FRANCIS DR, PALO ALTO, CA 94303-3136
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2022
—
Tower Hill LLC
—
Deed
related
$655,000 · Provident Cu
Dec 8, 2017
$1,070,000
Tower Hill LLC
Blane Evan Warhurst
Grant Deed
$695,500 · First Republic Bank
Oct 22, 2013
$595,000
Warhurst,b & M Family Trust
Street Pizza LLC
Grant Deed
—
Aug 8, 2007
$143,500
Street Pizza LLC
Warhurst B & M Family Trust
Grant Deed
—
Aug 8, 2007
—
Steven L Rodriguez
Rodriguez,rachel
Quit Claim Deed
related
—
Feb 27, 2006
$600,000
Warhurst B & M Family Trust
Vanetten,paul W & Peng N
Grant Deed
—
May 5, 2000
—
Michel Trust
Michel,charles J & Susan A
Quit Claim Deed
related
—
Dec 29, 1992
$280,000
Paul Vanetten
Chavez,benjamin
Grant Deed
$210,000 · San Francisco Federal S & L
Oct 2, 1991
$60,000
Benjamin Chavez
Galloway,r.
Quit Claim Deed
related
—
—
—
Warhurst B & M Family Trust
—
Deed Of Trust
related
$556,500 · United Commercial Bank
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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