New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Industrial properties
640 Garcia Ave, Pittsburg, CA 94565-5035
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0348355
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
1981
Total area
12,000 SF
Lot
0.75 ac (32,670 SF)
Zoning code
I-P
APN
088-392-005-0
UPID
US09-0348355
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.85M
Owner & transaction history
Gr & E Investments LLC · 6 yrs held
Gr & E Investments LLC
since 2019
7 recorded transactions
Zoning & alternative use
I-P · Pittsburg, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.9M
+35.4%
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 Pittsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pittsburg 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,125,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,880,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$1.85M
Range $1.67M – $2.04M · ±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
$154 / 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
$27,455
Tax year 2024
Assessed value
$2,144,400
Assessed 2024
Previous assessed
$2,144,400
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$707,651
Assessed improvement
$1,436,749
Applied tax rate
7.0000
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
1981
Heating
NONE
Stories
1
Units
4
Rooms
4
Total area
12,000 SF
Lot
0.75 ac (32,670 SF)
Zoning code
I-P
APN
088-392-005-0
UPID
US09-0348355
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
I-P · Pittsburg, CA
Zoning I-P · permitted uses
I-P · Pittsburg, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pittsburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1981
Heating
NONE
Stories
1
Units
4
Rooms
4
Lot
0.75 ac
Current owner
From public records · entity-resolved
Gr & E Investments LLC
Entity
Mailing address
58 MAGNOLIA CT, PITTSBURG, CA 94565-3854
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2021
—
Grie Investments LLC
—
Deed
related
$950,000 · Bay Commercial Bank
Dec 19, 2019
—
Gr & E Investments LLC
Michael Gonzalez
Quit Claim Deed
—
Jul 15, 2019
—
Michael Gonzalez
—
Deed
related
$300,000 · Other Institutional Lenders
Mar 30, 2018
—
Michael Gonzalez
—
Deed
related
$360,000 · * Other Institutional Lenders
Mar 31, 2016
$1,400,000
Michael Gonzalez
Gehringer,peter N
Grant Deed
$300,000 · Other Institutional Lenders
Sep 6, 2001
$465,000
Peter N Gehringer
Owens Financial Group INC
Grant Deed
$325,000 · Tracy Federal Bank
Mar 6, 1997
$273,000
Owens Financial Group INC
11th Rma Partners LP
Trustees Deed
related
—
Oct 5, 1979
—
Owner Name Unavailable
—
Grant Deed
related
—
Jul 1, 1978
$36,000
—
—
Grant Deed
related
—
—
—
Krk Associates
—
Deed Of Trust
related
$273,000 · Owens Financial Group INC
—
—
Michael Gonzalez
—
Loan Modification
related
$300,000 · Other Institutional Lenders
—
—
Peter N Gehringer
—
Deed Of Trust
related
$50,000 · Robert M Sherman
—
—
Michael Gonzalez
—
Loan Modification
related
$360,000 · * Other Institutional Lenders
—
—
Owens Financial Group INC
—
Deed Of Trust
related
$273,000 · Owens Financial Group INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 640 Garcia Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
