Add Listing
    For Sale
    • 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

    138 Rudgear Dr Walnut Creek, CA 94596

    View on Map
    Claim this Listing
    For Sale
    $595,000

    LAND - Walnut Creek, CA

    Lot size:
    0.46 Acres
    Added:
    Jan 7, 2026
    Days on Market:
    100
    Last Refresh:
    Apr 17 at 12:06 pm

    Property Features for 138 Rudgear Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    res
    Standard status
    Active
    APN
    1870200688
    Lot size
    0.46 Acres

    We can help!

    Listing Contact
    Michael Weber

    Listing agent Michael Weber License #00441586

    Listing office Christie's Intl RE Sereno 380 Diablo Rd Ste. 100, Los Gatos, CA

    Listing date Jan 7, 2026

    MLS# 41120250 Listing URL

    Copyright © 2026 Contra Costa Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Walnut Creek Land with Views

    This 0.46-acre lot is located in Walnut Creek, California. The property offers spectacular northern views over Walnut Creek toward Martinez. The surrounding area features high-end custom homes. The zoning is residential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Walnut Creek
    County
    Contra Costa
    State
    California
    Longitude
    -122.042271
    Latitude
    37.879747

    Nearby Similar for Sale

    • $1,849,000
      4,000 SF

      Walnut Creek Multifamily Investment

      Four-unit apartment complex near downtown Walnut Creek.
      1594 Morgan, Walnut Creek, CA 94596
      View Details
    • $595,000

      Walnut Creek Land Opportunity

      1.83-acre parcel near Walnut Creek Plaza, ideal for custom residence.
      40 Rodrigues Ln, Walnut Creek, CA 94597
      View Details
    • $1,650,000
      2,606 SF

      Walnut Creek Multifamily with ADU

      Multifamily property with assumable low-interest loan and ADU.
      1465 Cortez Ct, Walnut Creek, CA 94598
      View Details
    • $800,000

      Walnut Creek Hillside Land Parcel

      5.66 acres in Tice Valley, ideal for custom estate.
      283 Castle Hill Ranch Rd, Walnut Creek, CA 94595
      View Details
    • $1,198,000
      1,330 SF

      Walnut Creek Development Opportunity

      Rare property with development potential in downtown Walnut Creek.
      1856 Almond Ave, Walnut Creek, CA 94596
      View Details
    • $3,100,000
      169,884 SF

      2641 Larkey Ln, Walnut Creek, CA 94597

      3.9 acres of prime land for senior housing development.
      2641 Larkey Ln, Walnut Creek, CA 94597
      View Details
    • $545,000

      Walnut Creek Buildable Lot

      Buildable lot in Walnut Creek, Northgate Schools, scenic views.
      1032 Millbrook CT, Walnut Creek, CA 94598
      View Details
    • $745,000
      1,753 SF

      Medical Office Investment Opportunity

      Medical office suites for sale near John Muir Medical Center.
      2021 Ygnacio Valley Rd, Walnut Creek, CA
      View Details
    • $3,799,999
      14,878 SF

      Medical Office Buildings Near Hospitals

      Office/medical buildings near Kaiser Permanente & John Muir Medical Offices.
      309-311 Lennon Lane, Walnut Creek, CA 94598
      View Details
    • $3,799,999
      14,878 SF

      Medical Office Buildings Near Hospitals

      Office/medical buildings near Kaiser Permanente & John Muir Medical Offices.
      Walnut Creek, CA 94598
      View Details
    • $7,900,000
      20,198 SF

      Fully Leased Retail/Office Building

      Two-story, 20,198 SF retail/office building in Walnut Creek, CA.
      2099 Mt Diablo Blvd, Walnut Creek, CA
      View Details
    • $1,500,000
      2,320 SF

      Medical/Dental Office Near Downtown

      Medical/dental office with six exam rooms near downtown Walnut Creek.
      1802 San Miguel Dr, Walnut Creek, CA 94596
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land in Walnut Creek with spectacular northern views.
    Where is this residential land & home lot located?
    The property is located at 138 Rudgear Dr Walnut Creek, CA.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Spectacular views north over Walnut Creek toward Martinez; Great lot in a desirable area; Area of high end custom homes
    (925) 487-7609
    We can help!
    Listing Contact
    Michael Weber
    Real Estate License ID: 00441586
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!