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

    1690 Newell Ave Walnut Creek, CA 94595

    View on Map
    Sponsored
    For Sale
    $2,500,000

    LAND - Walnut Creek, CA

    Property size:
    2,100 SF
    Lot size:
    1.25 Acres
    Days on Market:
    41
    Last Refresh:
    Mar 10 at 11:06 pm

    Property Features for 1690 Newell Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    R-10
    APN
    184214012
    Size
    2,100 SF
    Lot size
    1.25 Acres

    Utilities

    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Hayden Moran

    Keller Williams Realty Danville (925) 855-8333

    Listing agent Hayden Moran (925) 855-8333

    Listing date Jan 28, 2026

    MLS# 41121536

    Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Walnut Creek Land with Development Potential

    This property features a flat 1.25-acre parcel zoned R-10, offering development potential. The site includes a well-maintained single-story ranch-style residence of approximately 2,100 square feet, featuring three bedrooms, three bathrooms, and a large attached garage. The property is suitable for a family compound, land banking, or residing in the existing home while developing additional residences. Located minutes from Downtown Walnut Creek, the site presents opportunities for multiple residential units, senior housing, or development under SB9/SB10/SB450. The land is zoned R-10, with the potential for up to five single-family homes, each with the possibility of an ADU, or five duplexes, per SB9. There may also be an opportunity to develop up to 10 units under SB10. Further splitting is possible under SB450. All utilities are public and already connected to the site. The property is located in Walnut Creek, California.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

    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
    -122.06393
    Latitude
    37.891346

    Nearby Similar for Sale

    • $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 94598
      View Details
    • $2,100,000
      5,924 SF

      Retail Property in Walnut Creek

      Fully leased retail property with income stream in Walnut Creek.
      1326 Boulevard Way, Walnut Creek, CA 94595
      View Details
    • Contact for pricing
      9,465 SF

      Freestanding Building with Dedicated Parking

      Freestanding office building with dedicated parking lot in Walnut Creek.
      1630 Mt Diablo Blvd, Walnut Creek, CA 94596
      View Details
    • Contact for pricing
      6,403 SF

      Downtown Office Space Available

      6,843 SF office space in a central location.
      1300 Civic Dr, Walnut Creek, CA 94596
      View Details
    • $6,400,000
      16,022 SF

      Walnut Creek Office Building

      Office building with redevelopment potential in downtown Walnut Creek.
      1801 N California Blvd, Walnut Creek, CA 94596
      View Details
    • $8,237,000
      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 94596
      View Details
    • Contact for pricing

      Creative Office Space Available

      Creative office space available for lease or sale soon.
      480-488 North Wiget Ln, Walnut Creek, CA 94598
      View Details
    • $3,400,000

      Fully Leased Walnut Creek Investment

      Two buildings with parking in South Downtown Walnut Creek.
      1500-1530 South Main St, Walnut Creek, CA 94596
      View Details
    • $3,799,999

      Medical Office Buildings Near Hospitals

      Office/medical buildings near Kaiser Permanente & John Muir Medical Offices.
      309-311 Lennon Ln, Walnut Creek, CA 94598
      View Details
    • Contact for pricing
      5,811 SF

      Mixed-Use Building in Walnut Creek

      Two-story building with retail and office space for sale.
      1525-1529 Cypress St, Walnut Creek, CA 94596
      View Details
    • Contact for pricing
      3,000 SF

      Retail Property with Yard For Sale

      Rare owner/user opportunity with premium retail frontage and yard.
      2615 N Main St, Walnut Creek, CA 94597
      View Details
    • Contact for pricing
      3,568 SF

      Spacious Condo in Walnut Creek

      Largest condo available, ideal for office use in Walnut Creek.
      226 N Wiget Ln, Walnut Creek, CA 94598
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.25-acre parcel zoned R-10 near Downtown Walnut Creek.
    Where is this residential land & home lot located?
    The property is located at 1690 Newell Ave Walnut Creek, CA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Large 1.25-acre flat parcel zoned R-10 with significant development potential.; - Potential for multiple residential units, senior housing, or development under SB9/SB10/SB450 (buyer to verify).; - Existing well-maintained 2,100 sq ft single-story ranch-style home with 3 bedrooms and 3 bathrooms.
    (925) 855-8333
    Request Owner's contact information
    1690 Newell Ave Walnut Creek, CA 94595
    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.
    1690 Newell Ave
    Walnut Creek, CA 94595
    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
    1690 Newell Ave Walnut Creek, CA 94595
    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

    We can help!
    Listing Contact
    Hayden Moran
    (925) 855-8333 (925) 838-9700 (415) 730-0466
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!