Fully Leased Retail/Office
2099 Mt Diablo Blvd, Walnut Creek, CA
Call to check price and availability
Two-story, 20,198 SF retail/office building in Walnut Creek, CA.
Type:RETAIL
Property size:
20,198 SFLot size:
0.74 AcresPrice / SF:
$391/SF- Added:
- Sep 25, 2025
- Days on Market:
- 236
- Last Refresh:
- Apr 5 at 9:02 pm
Property Features for 2099 Mt Diablo Blvd
General Information
- Standard status
- Active
- Size
- 20,198 SF
- Lot size
- 0.74 Acres
- Property subtype
- RETAIL
Listing agent Mike Zylstra License #01310041 (925) 963-9766
Listing office Newmark | Walnut Creek (925) 963-9766
Listing date Sep 25, 2025
Source Moodyscre
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 Newmark | Walnut Creek
HighLights
- 100% leased property provides consistent cash flow.
- Weighted average lease term of over six years ensures long‑term income.
- Anchored by R&A Cycles, leasing the entire ground floor retail space for another 10 years.
- Comprehensive renovation program totaling more than $1.6 million enhances tenant appeal.
- Excellent visibility and access on Mt. Diablo Boulevard (34,000+ ADT).
- Direct regional connectivity to the Bay Area via proximity to Highway 24 and I‑680.
Overview
Located in Walnut Creek, California, the property at 2099 Mt. Diablo Blvd. is a fully leased, two-story retail and office building. The building has a total area of approximately 20,198 square feet. Situated along Mt. Diablo Boulevard, which experiences average daily traffic of over 34,000 vehicles, the property benefits from high visibility and accessibility, serving as an entry point to Walnut Creek’s downtown shopping and dining district. The location is near Highway 24 on- and off-ramps and less than half a mile from I-680, providing regional connectivity to surrounding areas. The property has undergone a renovation program totaling more than $1.6 million. The property is currently leased to eight tenants, with a weighted average lease term of over six years. The property is anchored by R&A Cycles, which leases the entire ground floor retail space for another 10 years.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$5.74M
NOI $516,501 @ 9.00% cap · cautious / downside scenario
Moderate
$7.38M
NOI $516,501 @ 7.00% cap · market / base-case scenario
Aggressive
$10.33M
NOI $516,501 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $787.7k | $39.00 |
| − Vacancy | −$49.9k | −$2.47 |
| EGI | $737.9k | $36.53 |
| − OpEx | −$221.4k | −$10.96 |
| NOI | $516.5k | $25.57 |
20,198 SF · lease $39.00/SF/yr · vacancy 6.33% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$7.38M
$6.46M – $8.61M
NOI $516,501 @ 7.0% cap · market cap 6.54%
Second Best
Office B
$5.22M
$4.57M – $6.09M
NOI $365,200 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$7.63M
$6.68M – $8.91M
NOI $534,439 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
The ASSOS Store at R&A ...
Clothing Store
Bookr
Consultant
Boltwood Capital Management
Financial Advisor
R&A Cycles of Walnut ...
(Bike/Boat/Book/etc) Store
Daniel Maureen
Doctor
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Location Insight
- Map
- Local Demand
- City
- Walnut Creek
- County
- Contra Costa
- State
- California
- Longitude
- -122.07
- Latitude
- 37.8963
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Two-story, 20,198 SF retail/office building in Walnut Creek, CA.
Where is this shopping center located?
The property is located at 2099 Mt Diablo Blvd Walnut Creek, CA.
What is the asking price?
The asking price for this property is $7,900,000.
What are key features of this property?
This property features: 100% leased property provides consistent cash flow.; Weighted average lease term of over six years ensures long‑term income.; Anchored by R&A Cycles, leasing the entire ground floor retail space for another 10 years.
