Mixed-Use Medical and Retail
For Sale
Contact for pricing
675 Ygnacio Valley Road, Walnut Creek, CA 94596
For-sale mixed-use building in Walnut Creek on Ygnacio Valley Road with consistently near-100% occupancy year after year.
Property Size33,474 SF
Price / SF$238.99
Days on Market106
Property Features for 675 Ygnacio Valley Road
General Information
Standard status
Active
Size
33,474 SF
Property subtype
Retail, Office, Mixed Use
Zoning
Mixed Use
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Stabilized
Net Operating Income
$640,000
Building Details
Year Built
1980
Year Renovated
2015
Buildings
2
Units
15
Tenancy
Multi
Listing Agency:
Monte Vista Commercial
Listed By:
Bradley Cavanagh · License #01054557
Source:
Crexi
Added: May 23
Changed: Aug 27
Last Checked: Sep 4 at 9:41PM
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 Monte Vista Commercial
Investment Insights
Based on property information with market context.
This mixed-use project is presented for sale and is described as having extremely consistent near-100% occupancy year after year. The property is positioned to support a medical and retail tenant mix, as it continues to migrate toward a full medical and retail exclusive configuration.
The asset is located in the central part of Walnut Creek on Ygnacio Valley Road. The remarks also note strong visibility and high daily traffic on the corridor, factors that can support tenant exposure in a retail and medical-oriented environment.
Overall, the offering is framed around long-term occupancy performance and an established direction toward a medical and retail focused tenant base.
The asset is located in the central part of Walnut Creek on Ygnacio Valley Road. The remarks also note strong visibility and high daily traffic on the corridor, factors that can support tenant exposure in a retail and medical-oriented environment.
Overall, the offering is framed around long-term occupancy performance and an established direction toward a medical and retail focused tenant base.
Key Highlights
- Mixed‑use building in Walnut Creek on Ygnacio Valley Road
- Year built: 1980
- Consistently near‑100% occupancy year after year
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$605,243
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,104,860
$12.1M
Cap Rate 7%
$8,646,329
$8.6M
Cap Rate 9%
$6,724,922
$6.7M
Market Conditions
NOI Build-Up for 33,474 SF
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.
Gross rent
$984.1K $29.40/SF
− Vacancy
−$177.1K −$5.29/SF
EGI
$807.0K $24.11/SF
− OpEx
−$201.7K −$6.03/SF
NOI
$605.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,104,860
Cap Rate 7%
$8,646,329
Cap Rate 9%
$6,724,922
Alternative Uses
Best Use
Retail
$12.23M
$10.70M – $14.27M
NOI $855,994 @ 7.0% cap · market cap 10.70%
Second Best
Office B
$8.65M
$7.57M – $10.09M
NOI $605,243 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$12.65M
$11.07M – $14.76M
NOI $885,722 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,389
Businesses Nearby
Explore this area
Business Placement
Demographics for 94596, CA
22,861
Population
11,242
Households
2
Avg Household Size
40
Median Age
70%
College-Educated
97%
High-School Grad
6.1 sq mi
ZIP Area
3,748
Density / Sq Mi
$137,660
Median Household Income
$72,311
Median Earnings
$2,471
Median Rent
$1,245,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - For-sale mixed-use building in Walnut Creek on Ygnacio Valley Road with consistently near-100% occupancy year after year.
Where is this mixed-use property located?
The property is located at 675 Ygnacio Valley Road Walnut Creek, CA.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Mixed‑use building in Walnut Creek on Ygnacio Valley Road; Year built: 1980; Consistently near‑100% occupancy year after year
