Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5045 Forni Dr Concord, CA 94520-1224

    • Manufacturing properties
    • 10,792 SF
    • 1.65 lot acres
    OFF-MARKET
    Value Estimations
    $1,185,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3257608
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Frito-Lay Inc / Food Products Supplier

    Property Details for 5045 Forni Dr

    Year built
    1981
    Lot size
    1.65 lot acres
    Property size
    10,792 SF
    Zone code
    L-I
    Property type
    Manufacturing properties
    APN
    159-371-007-0
    APU
    1593710070

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,725,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Contra Costa
    State
    California
    Longitude
    -122.034
    Latitude
    38.0184
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $21,288
    $614,740
    $1,072,501
    $1,687,241
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,170,000
      14,000 SF

      2281 Via De Mercados A Ste A

      MANUFACTURING (LIGHT) • 14,000 SF
      2281 Via De Mercados A Ste A, Concord, CA 94520-4921
      View Details
    • Value Estimation
      $3,645,000
      45,466 SF

      2490 Arnold Industrial Way

      MANUFACTURING (LIGHT) • 45,466 SF
      2490 Arnold Industrial Way, Concord, CA 94520-5371
      View Details
    • Value Estimation
      $1,360,000
      17,000 SF

      5004 Forni Dr

      MANUFACTURING (LIGHT) • 17,000 SF
      5004 Forni Dr, Concord, CA 94520
      View Details
    • Value Estimation
      $2,250,000
      26,642 SF

      145 Mason Cir

      MANUFACTURING (LIGHT) • 26,642 SF
      145 Mason Cir, Concord, CA 94520-1213
      View Details
    • Value Estimation
      $1,200,000
      14,700 SF

      1915 Arnold Industrial Way

      MANUFACTURING (LIGHT) • 14,700 SF
      1915 Arnold Industrial Way, Concord, CA 94520-5382
      View Details
    • Value Estimation by Request
      2,937 SF

      4075 Folsom Ct

      MANUFACTURING (LIGHT) • 2,937 SF
      4075 Folsom Ct, Concord, CA 94520-1209
      View Details

    Similar Nearby for Sale

    • $1,015,000
      2,556 SF

      Renovated Industrial Condos For Sale

      Newly renovated industrial condos available individually or combined in Concord, CA.
      5020 Forni Dr, Concord, CA 94520
      View Details
    • Contact for pricing
      8,593 SF

      Concord Flex Space - 8,593 SF

      Prime Concord location, renovated flex space. Ideal for owner-users or investors.
      2321 Stanwell Dr, Concord, CA 94520
      View Details
    • $1,900,000
      11,400 SF

      Concord Hangar with Office Space

      11,400 SF hangar with office on 0.86 acres.
      1500 Sally Ride Dr, Concord, CA 94520
      View Details
    • $2,750,000
      7,424 SF

      Concord Multifamily Investment Opportunity

      Well-maintained 10-unit apartment building in the Monument Corridor.
      Diane Ct, Concord, CA 94520
      View Details
    • $2,299,999
      6,492 SF

      Concord Office Building For Sale

      6,492 SF office building available in Concord, California.
      1844 Clayton Rd, Concord, CA 94520
      View Details
    • $925,000
      2,316 SF

      Historic Downtown Concord Office Building

      Historic building in downtown Concord with commercial mixed-use zoning.
      2080 East St, Concord, CA 94520
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,650 SF

      Concord Warehouse with Lab Space

      30,650 SF warehouse featuring labs, loading docks, EV charging.
      4040 Nelson Ave, Concord, CA 94520
      View Details
    • Contact for pricing
      12,000 SF

      Concord Warehouse with Fenced Yard

      12,000 SF warehouse featuring a fenced yard.
      2245 Via De Mercados, Concord, CA 94520
      View Details
    • $1.65 SF/Yr
      1,504 SF

      Diamond Way Flex Space Available

      Flex space with Class A improvements and abundant parking.
      1220 Diamond Way, Concord, CA 94520
      View Details
    • Contact for pricing
      8,593 SF

      Freestanding Flex Building in Concord

      8,593 SF flex building with office and warehouse space.
      2321 Stanwell Dr, Concord, CA 94520
      View Details
    • Contact for pricing
      9,176 SF

      Concord Flex Space Available

      Clean, well-improved flex space in a central Concord location.
      2291 Via De Mercados, Concord, CA 94520
      View Details
    • $19 SF/Yr
      7,536 SF

      Concord Flex Space Sublease

      Flex space available for sublease in Concord, California.
      5700 Imhoff Dr, Concord, CA 94520
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5045 Forni Dr
    Concord, CA 94520-1224
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.