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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Industrial properties
3240 Monument Way Concord, CA 94518-2484
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3009542
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
1982
Total area
6,927 SF
Lot
0.36 ac (15,682 SF)
Zoning code
LI
APN
130-341-010-2
UPID
US10-3009542
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
-
Pacific Power Services Electrical Service General Contractor
-
Retriever payment systems Bank Credit Union
-
Elite Staging And Design Interior Design Home Decor Store
-
Thrifty Moving & Storage Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.29M
CAP Approach
CAP
$1.28M
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.24M
Owner & transaction history
Wayne Van Norsdall Weir III · 5 yrs held
Wayne Van Norsdall Weir III
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
LI · Concord, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.0M
+68.4%
Auto repair, garage
$1.8M
+52.5%
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
$1,175,000
ML approach
$1,285,000
CAP Approach
CAP Return
Estimation
6%
$1,385,000
6.5%
$1,280,000
7%
$1,190,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,205,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,030,000
Change: +68% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,835,000
Change: +52% · Conversion: Easy
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±10% · vs last sale $1.21M (May 27 2021)
Last sale anchor
$1.21M
May 27 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
$178 / 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
$15,581
Tax year 2024
Assessed value
$1,286,288
Assessed 2024
Previous assessed
$1,286,288
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$437,322
Assessed improvement
$848,966
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
Industrial properties
Use group
INDUSTRIAL PARK
Status
Off-Market
Year built
1982
Heating
NONE
Stories
1
Units
2
Rooms
2
Total area
6,927 SF
Lot
0.36 ac (15,682 SF)
Zoning code
LI
APN
130-341-010-2
UPID
US10-3009542
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
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
INDUSTRIAL (GENERAL) Current
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
1982
Heating
NONE
Stories
1
Units
2
Rooms
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
Wayne Van Norsdall Weir III
Individual
Mailing address
560 CREEKSIDE RD, PLEASANT HILL, CA 94523-2123
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2021
$1,212,500
Wayne Van Norsdall Weir III
Hv Enterprises LLC
Grant Deed
—
May 18, 2017
—
Hv Enterprises LLC
—
Deed
related
$750,000 · Westamerica Bank
Aug 1, 2007
$1,125,000
Hv Ents LLC
Anderson,eric J
Grant Deed
$562,500 · Greater Bay Bank
May 26, 2006
—
Eric J Anderson
Anderson,cynthia K
Quit Claim Deed
related
—
May 26, 2006
$700,000
Eric J Anderson
Jessup,brian L
Grant Deed
$525,000 · Tamalpais Bank
Jul 17, 1981
$80,000
Jack C Harris
Nemanic,ben
Grant Deed
related
$62,000
—
—
Brian L Jessup
—
Deed Of Trust
related
$368,000 · Wells Fargo 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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