Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2175-2185 North California Blvd Walnut Creek, CA 94596

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $4 SF/Yr

    Centrally located office space near downtown Walnut Creek amenities.

    We can help!

    Listing Contact
    Andrew Schmitt
    Source: Cbre

    Listing Agent: Andrew Schmitt

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Walnut Creek Office Space Available

    This office space is centrally located in Walnut Creek, offering close proximity to downtown Walnut Creek's restaurants and retail amenities.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    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
    -122.0662818
    Latitude
    37.9094432

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      California Plaza

      Discover many ways to work your way in California Plaza
      2121 California Blvd, Walnut Creek, CA 94596
      View Details
    • Contact for pricing

      Treat Boulevard

      Discover many ways to work your way in Treat Boulevard
      1255 Treat Blvd, Walnut Creek, CA 94597
      View Details
    • $33 SF/Yr

      Riviera Ave

      Prime Office in Walnut Creek
      1670 Riviera Ave, Walnut Creek, CA 94596
      View Details
    • $3 SF/Yr
      4,563 SF

      Walnut Creek Office Space Available

      Office suites available near Interstate 680, Highway 24, and BART.
      1550 Parkside Dr, Walnut Creek, CA 94596
      View Details
    • $1.95 SF/Yr
      61,104 SF

      Walnut Creek Office Suite Available

      Office suite near downtown Walnut Creek with parking and easy access.
      1600 S Main St, Walnut Creek, CA 94596
      View Details
    • $2 SF/Yr

      Prime Office Space Near Downtown

      Three-story office building with high visibility and convenient freeway access.
      1901 Olympic Blvd, Walnut Creek, CA 94596
      View Details
    • $3 SF/Yr

      Downtown Walnut Creek Office/Retail Space

      Office and retail space in downtown Walnut Creek for lease.
      1375 Locust St, Walnut Creek, CA 94596
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in a high-visibility location.
      1410 North California Blvd, Walnut Creek, CA 94596
      View Details
    • Contact for pricing

      Retail Space Near Target

      Ground floor retail space across from Target in Walnut Creek.
      1910 N Main St, Walnut Creek, CA 94596
      View Details
    • $2 SF/Yr

      Office Space in Walnut Creek

      Office space available for lease in Walnut Creek, California.
      1407 Oakland Blvd, Walnut Creek, CA 94596
      View Details
    • $1,000 /Mo

      Walnut Creek Multi-Tenant Office Building

      Multi-tenant office building with highway access and on-site parking.
      1225 Alpine Rd, Walnut Creek, CA 94596
      View Details
    • $3 SF/Yr
      3,120 SF

      Downtown Walnut Creek Office Building

      Small, unique office building in downtown Walnut Creek for lease.
      587 Ygnacio Valley Rd, Walnut Creek, CA 94596
      View Details

    FAQs

    What type of property is this?
    Office units - Centrally located office space near downtown Walnut Creek amenities.
    Where is this office units located?
    The property is located at 2175-2185 North California Blvd Walnut Creek, CA.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: - Centrally located in Walnut Creek; - Close proximity to downtown Walnut Creek; - Access to restaurant amenities
    (925) 296-7741
    Request Owner's contact information
    2175-2185 North California Blvd Walnut Creek, CA 94596
    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.
    2175-2185 North California Blvd
    Walnut Creek, CA 94596
    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
    2175-2185 North California Blvd Walnut Creek, CA 94596
    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
    Andrew Schmitt
    Real Estate License ID: 01337870
    (925) 296-7741
    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!