Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2260 Oak Grove Rd Walnut Creek, CA 94598
    Back to Search
    Property profile & analytics

    2260 Oak Grove Rd, Walnut Creek, CA 94598

    View on Map
    • Neighborhood centers
    • 101,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 9Round Fitness / Gym & Fitness Center

    Property Details for 2260 Oak Grove Rd

    Year built
    1973
    Property type
    Neighborhood centers
    Property subtype
    Community centers

    Description

    Citrus Marketplace is a ±101,000 square foot neighborhood shopping center located in Contra Costa County. This single-story center boasts a strong tenant mix, anchored by BevMo!, and includes other established businesses such as Chase Bank, Leslie's Pool Supply, the United States Post Office, Bank of America, and Panda Express. Currently, there is 1,300 square feet of vacant retail space available, presenting a unique opportunity for a new tenant. The property sits on an 11.4-acre lot and offers ample parking with 494 spaces. Built in 1973, the center benefits from excellent visibility and accessibility, with convenient access to major roadways via Shadelands Dr. The property features typical signage opportunities and experiences a daily traffic count of 24,000 vehicles. This established center provides a stable investment opportunity within a thriving community. The available space is ideal for a variety of retail uses. Contact us today to learn more about this exceptional retail opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Walnut Creek
    County
    Contra Costa
    State
    California
    Longitude
    -122.017
    Latitude
    37.9297

    Comparable in this City

    • Value Estimation by Request
      101,000 SF

      2250 Oak Grove Rd

      Neighborhood centers
      2250 Oak Grove Rd, Walnut Creek, CA 94598
      View Details
    • Value Estimation by Request
      101,000 SF

      2242 Oak Grove Rd

      Neighborhood centers
      2242 Oak Grove Rd, Walnut Creek, CA 94598
      View Details
    • Value Estimation by Request
      101,000 SF

      2252 Oak Grove Rd

      Neighborhood centers
      2252 Oak Grove Rd, Walnut Creek, CA 94598
      View Details
    • Value Estimation by Request
      101,000 SF

      2200 Oak Grove Rd

      Neighborhood centers
      2200 Oak Grove Rd, Walnut Creek, CA 94598
      View Details
    • Value Estimation by Request
      101,000 SF

      2226 Oak Grove Rd

      Neighborhood centers
      2226 Oak Grove Rd, Walnut Creek, CA 94598
      View Details
    • Value Estimation
      $1,260,000
      9,638 SF

      2399 Oak Grv Rd

      REGIONAL SHOPPING CENTER, MALL
      2399 Oak Grv Rd, Walnut Creek, CA 94598
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Property in Walnut Creek

      Commercial property for sale in Walnut Creek, California.
      301 Lennon Ln, Walnut Creek, CA 94598
      View Details
    • Contact for pricing

      Creative Office Space Available

      Creative office space available for lease or sale soon.
      480-488 North Wiget Ln, Walnut Creek, CA 94598
      View Details
    • Contact for pricing
      14,878 SF

      Medical/Office Space Near Hospitals

      Office spaces for rent near Kaiser and John Muir.
      301-325 Lennon Ln, Walnut Creek, CA 94598
      View Details
    • Contact for pricing
      5,930 SF

      Two-Story Office Condominium For Sale

      Two-story office condominium with tenant in place.
      323-325 Lennon Ln, Walnut Creek, CA 94598
      View Details
    • Contact for pricing

      Northgate Area Residential Land Opportunity

      Rare opportunity to build your dream home in Northgate area.
      419 Las Lomas Way, Walnut Creek, CA 94598
      View Details
    • $3,799,999

      Medical Office Buildings Near Hospitals

      Office/medical buildings near Kaiser Permanente & John Muir Medical Offices.
      Walnut Ave, Walnut Creek, CA 94598
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,301 SF

      Retail Space in Citrus Marketplace

      Retail spaces available in a neighborhood shopping center.
      2220-2262 Oak Grove Rd, Walnut Creek, CA 94598
      View Details
    • Contact for pricing
      18,088 SF

      Walnut Creek Office Space Available

      Office space available with on-site fitness center and cafe.
      2785 Mitchell Dr, Walnut Creek, CA 94598
      View Details
    • Contact for pricing
      1,062 SF

      Medical Office Space Available

      900 SF medical office space for lease.
      130 La Casa Via, Walnut Creek, CA 94598
      View Details
    • Contact for pricing
      3,329 SF

      Medical Office Near John Muir

      Medical office space for rent near John Muir Medical Center.
      240 La Casa Via, Walnut Creek, CA 94598
      View Details
    • Contact for pricing
      1,062 SF

      Medical Office Space Available

      Medical office suite with new finishes, near John Muir.
      130 La Casa Via, Walnut Creek, CA 94598
      View Details
    Request Owner's contact information
    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.
    2260 Oak Grove Rd
    Walnut Creek, CA 94598
    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
    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

    Thank You for Inquiry
    2260 Oak Grove Rd, Walnut Creek, CA, 94598
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!