Medical Office Building with
For Sale
$3,800,000
1181 Boulevard Way, Walnut Creek, CA 94595
Former dental office with on-site and street parking supports an established medical-office layout.
Property Size6,400 SF
Price / SF$593.75
Days on Market91
Property Features for 1181 Boulevard Way
General Information
Standard status
Active
Size
6,400 SF
Class
B
Property subtype
office, medical
Additional Details
Asking Price
$3,800,000
Public Transit
Yes
Amenities
building signage
Building Details
Buildings
1
Listing Agency:
Spokane
(206) 607-1700
Listed By:
Michael Sharapata · License #26565
(509) 822-0088
Source:
Property.jll
Added: Jul 16
Changed: Oct 13
Last Checked: Oct 12 at 4:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Spokane
Investment Insights
Based on property information with market context.
This 6400 SF medical office property is configured for clinical use and was previously occupied as a dental office. The building offers efficient floor plans, available building signage, and both on-site and street parking. Its medical-office configuration provides a practical starting point for continued healthcare use.
Located at 1181 Boulevard Way in Walnut Creek, the property is near Downtown Walnut Creek and approximately a 5-min drive from the Walnut Creek BART station. Street visibility and nearby transit access add to the property's functional profile for patients, providers, and staff.
Located at 1181 Boulevard Way in Walnut Creek, the property is near Downtown Walnut Creek and approximately a 5-min drive from the Walnut Creek BART station. Street visibility and nearby transit access add to the property's functional profile for patients, providers, and staff.
Key Highlights
- 6400 SF medical office building
- Former dental office configuration
- Building signage available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,718
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,314,360
$2.3M
Cap Rate 7%
$1,653,114
$1.7M
Cap Rate 9%
$1,285,756
$1.3M
Market Conditions
NOI Build-Up for 6,400 SF
Gross rent
$188.2K $29.40/SF
− Vacancy
−$33.9K −$5.29/SF
EGI
$154.3K $24.11/SF
− OpEx
−$38.6K −$6.03/SF
NOI
$115.7K $18.08/SF
Area
Contra Costa County, CA
Vacancy
18.00%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,314,360
Cap Rate 7%
$1,653,114
Cap Rate 9%
$1,285,756
Alternative Uses
Best Use
Office B
$1.65M
$1.45M – $1.93M
NOI $115,718 @ 7.0% cap · market cap 3.05%
Second Best
Healthcare Medical
$1.36M
$1.19M – $1.58M
NOI $94,867 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$2.42M
$2.12M – $2.82M
NOI $169,344 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,358
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94595, CA
17,716
Population
9,835
Households
1.8
Avg Household Size
68
Median Age
69%
College-Educated
98%
High-School Grad
5.2 sq mi
ZIP Area
3,407
Density / Sq Mi
$98,108
Median Household Income
$87,486
Median Earnings
$2,677
Median Rent
$816,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Former dental office with on-site and street parking supports an established medical-office layout.
Where is this medical office space located?
The property is located at 1181 Boulevard Way Walnut Creek, CA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 6400 SF medical office building; Former dental office configuration; Building signage available
