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Property profile & analytics
OFF-MARKET
Estimated value
$3,120,000
Apartment buildings
3683 Willow Pass Rd Concord, CA 94519-1357
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3000276
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Construction
WOOD FRAME
Total area
11,934 SF
Lot
0.42 ac (18,500 SF)
Zoning code
AP
APN
111-273-025-2
UPID
US10-3000276
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
-
FTC Office Cleaning General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.12M
CAP Approach
CAP
$2.91M
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$3.12M
Owner & transaction history
Noma4 LLC · 1 yrs held
Noma4 LLC
since 2024
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
AP · Concord, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.3M
+24.0%
Commercial (general)
$4.2M
+18.8%
Office building
$4.0M
+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
$3,120,000
ML approach
$3,120,000
CAP Approach
CAP Return
Estimation
6%
$3,155,000
6.5%
$2,910,000
7%
$2,705,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,495,000
Current use
MEDICAL BUILDING
$4,335,000
Change: +24% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,155,000
Change: +19% · Conversion: Moderate
OFFICE BUILDING
$3,980,000
Change: +14% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,165,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$2,915,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$3.12M
Range $2.81M – $3.43M · ±10% · vs last sale $3.12M (Sep 23 2024)
Last sale anchor
$3.12M
Sep 23 2024
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
$261 / 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
$33,418
Tax year 2024
Assessed value
$1,641,130
Assessed 2024
Previous assessed
$1,641,130
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$504,999
Assessed improvement
$1,136,131
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
1961
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Buildings
4
Stories
1
Units
18
Rooms
18
Total area
11,934 SF
Lot
0.42 ac (18,500 SF)
Zoning code
AP
APN
111-273-025-2
UPID
US10-3000276
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
$3.5M
MEDICAL BUILDING
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$4.2M
OFFICE BUILDING
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.2M
RETAIL STORES
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
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
1961
Construction
WOOD FRAME
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Buildings
4
Units
18
Rooms
18
Lot
0.42 ac
Current owner
From public records · entity-resolved
Noma4 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1534 PO BOX 1133RD LN #308, MILLBRAE, CA 94030-5133
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2024
$3,120,000
Noma4 LLC
3683 Willow Pass LLC
Grant Deed
—
Dec 24, 2008
$1,300,000
3683 Willow Pass LLC
Ramirez J J I Living Trust
Grant Deed
—
Dec 24, 2008
—
Marcos Ramirez
Ibarra-ramirez,j Justo
Affidavit Of Death
related
—
Jul 26, 2004
—
Ramirez,tr
Ramirez,justo J
Quit Claim Deed
related
—
Mar 17, 2004
—
Justo J Ramirez
—
Deed Of Trust
related
$1,000,000 · United Commercial Bank
Jan 27, 1999
$918,000
Justo J Ramirez
Telles,robert L & Susan C
Grant Deed
$688,250 · Bay View Bank
Apr 16, 1996
—
John J Jacoby
Jacoby,jacqueline
Quit Claim Deed
related
—
Apr 16, 1996
$368,000
Telles,robert L
Jacoby,john J
Trustees Deed
$435,000 · Bar-k INC
Dec 1, 1995
$368,000
John J Jacoby
Raifman,gregory R
Grant Deed
—
Jul 19, 1990
$118,000
Robert L Telles JR.
Unknown
Grant Deed
—
—
—
Gregory Raifman
—
Deed Of Trust
related
$713,000 · San Francisco Federal S & L
—
—
Robert L Telles
—
Deed Of Trust
related
$504,000 · American Savings Bank
—
—
Robert L Telles
—
Deed Of Trust
related
$30,000 · Individual
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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