Add Listing
    For Lease
    • 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

    1901 Olympic Blvd Walnut Creek, CA 94596

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2 SF/Yr

    Three-story office building with high visibility and convenient freeway access.

    Building Details

    Year built
    1980

    We can help!

    Listing Contact
    Clayton Temple
    Clayton Temple
    Source: Tricommercial

    Listing Agency: TRI Commercial | Walnut Creek Listing Agent: Clayton Temple

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

    Learn more

    Overview

    Prime Office Space Near Downtown

    The property is a 23,000 square foot, three-story office building. It is located directly off the Interstate 680 Olympic Blvd. exit, offering high visibility and convenient access from Highway 24 and Interstate 680. The location is within walking distance to Downtown Walnut Creek and numerous retail and restaurant amenities, including the newly developed Plaza Escuela Center, Broadway Plaza, and Olympic Place. Parking is available at a ratio of 3 spaces per 1,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Dr. Dennis Barker Alternative Medicine Practice Moss CPA Accounting Firm Dr. Kevin Fernando Dental Office Anna Ritner Alternative Medicine Practice Megan Kerry Massage ... Alternative Medicine Practice

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Auto Repair Shop Gym & Fitness 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
    -122.0658597
    Latitude
    37.8943996

    Nearby Similar for Lease

    • $33 SF/Yr

      Riviera Ave

      Prime Office in Walnut Creek
      1670 Riviera Ave, Walnut Creek, CA 94596
      View Details
    • $3,700 /Mo

      Versatile Commercial Space in Walnut Creek

      Commercial space ideal for offices, medical, wellness, or boutique services.
      1321 Mt Pisgah Rd, Walnut Creek, CA 94596
      View Details
    • Sponsored
      New
      Contact for pricing

      California Plaza

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

      Treat Boulevard

      Discover many ways to work your way in Treat Boulevard
      1255 Treat Blvd, Walnut Creek, CA 94597
      View Details
    • $7,500 /Mo

      Medical Office Space Available

      Stand-alone building approved for medical use in Walnut Creek.
      3003 Citrus Cir, Walnut Creek, CA 94598
      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
    • $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
      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
    • Contact for pricing

      Updated Office Space For Lease

      Office space for lease near Rossmoor Shopping Center.
      1874 Tice Valley Blvd, Walnut Creek, CA 94595
      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
    • 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
    • Contact for pricing
      597 SF

      Multi-Tenant Office Park For Rent

      Multi-tenant office park near downtown Walnut Creek, CA.
      1470 Maria Ln, Walnut Creek, CA 94596
      View Details

    FAQs

    What type of property is this?
    Office building - Three-story office building with high visibility and convenient freeway access.
    Where is this office building located?
    The property is located at 1901 Olympic Blvd Walnut Creek, CA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: - Walking distance to Downtown Walnut Creek retail and restaurant amenities.; - Convenient access to Highway 24 and Interstate 680.; - High visibility location directly off Interstate 680 Olympic Blvd. exit.
    (925) 818-4455
    Request Owner's contact information
    1901 Olympic 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.
    1901 Olympic 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
    1901 Olympic 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
    Clayton Temple
    Clayton Temple
    Real Estate License ID: 02006440
    (925) 818-4455 (925) 296-3300 (925) 296-3311
    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!