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    2242 Oak Grove Rd Walnut Creek, CA 94598

    Sponsored
    For Lease
    $48 SF/Yr

    101,000 SF Neighborhood Center, 1,300 SF Available

    Lot size:
    101,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Citrus Marketplace, located at 2242 Oak Grove Rd, Walnut Creek, CA 94598, presents a compelling retail investment opportunity. This ±101,000 square foot neighborhood shopping center sits on an expansive 11.4-acre lot and boasts a strong tenant roster. Built in 1973, the single-story building offers ample parking with 494 spaces. Currently, there is 1,300 square feet of vacant space available, ideal for a variety of retail uses. The center enjoys a prime location in Walnut Creek, Contra Costa County, with convenient access via Shadelands Dr. Key anchors include Club Studio and BevMo!, providing significant traffic and visibility. Other established tenants include Leslie’s Pool Supply, The United States Post Office, Arthur Murray Dance Studio, and soon-to-open UkaiBistro and Panda Express, creating a diverse and thriving retail environment. This property offers a unique chance to acquire a well-established center in a desirable location with immediate occupancy potential. The property's size, location, and existing tenant mix make it an attractive investment for both seasoned and emerging investors seeking a stable and growing retail portfolio.

    Property Features for 2242 Oak Grove Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    101,000 SF
    Total Rate
    404000

    Building Details

    Year Built
    1973
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    1,300 SF
    Rate per SF
    $48

    HighLights

    • 101,000 square foot neighborhood shopping center on an 11.4‑acre lot in Walnut Creek, CA.
    • Strong tenant roster including Club Studio, BevMo!, Leslie's Pool Supply, US Post Office, and Arthur Murray Dance Studio, with upcoming Panda Express and UkaiBistro.
    • 494 parking spaces.
    • 1,300 square feet of available retail space.
    • Prime location with convenient access via Shadelands Dr. and Metro highway access.
    • Typical signage and 24,000 daily traffic count.
    Property Profile Location Intelligence

    Current Use by Public Records

    WW Studio Walnut ... Weight Loss Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -122.0151383
    Latitude
    37.9308461

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    FAQs

    What type of property is this?
    Neighborhood center - 101,000 SF Neighborhood Center, 1,300 SF Available
    Where is this neighborhood center located?
    The property is located at 2242 Oak Grove Rd Walnut Creek, CA.
    What is the lease rate?
    The lease rate is $48 SF/Yr.
    What are key features of this property?
    This property features: 101,000 square foot neighborhood shopping center on an 11.4-acre lot in Walnut Creek, CA.; Strong tenant roster including Club Studio, BevMo!, Leslie's Pool Supply, US Post Office, and Arthur Murray Dance Studio, with upcoming Panda Express and UkaiBistro.; 494 parking spaces.
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    2242 Oak Grove Rd Walnut Creek, CA 94598
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    Walnut Creek, CA 94598
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    Realmo Value Estimation

    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.

    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.

    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
    2242 Oak Grove Rd Walnut Creek, CA 94598
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