1200 Montego, Walnut Creek, CA 94598
- Office buildings
- 32,441 SF
- 1.41 lot acres
Current Use by Public Records
- Office buildings
Property Details for 1200 Montego
- Year built
- 1980
- Lot size
- 1.41 lot acres
- Property type
- Office buildings
- APN
- 140-260-031-4
- APU
- 1402600314
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 13, 2021 | $20,000,000 | Henghou Investment Holding INC | Montego Way Owner LLC | Grant Deed | — |
Description
Located at 1200 Montego in Walnut Creek, CA 94598, this Class B office complex, Montego Ridge, offers 31,258 square feet of executive office space. The property, built in 1980, sits on a 1.409-acre lot and is zoned PD888 with an O-C Overlay (Office, Medical), allowing for diverse uses. Multiple suites are available, with a minimum divisible space of 20,000 square feet and a maximum contiguous space of 31,258 square feet. The property boasts ample parking, with approximately 3 parking spaces per 1,000 square feet, plus an additional approximately 150 unmetered street stalls. Electrical service includes 208/120V 3-phase power. The complex is conveniently located near Ygnacio Valley Rd in Contra Costa County (APN: 140-260-031). The ownership is open to selling all or part of the property to owner-users and developers. Beyond standard office and medical office uses, conditionally approved uses include assisted living/residential care, schools, and churches. This presents a unique opportunity for businesses seeking a prominent location in Walnut Creek. The property is currently listed for sale or lease.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $10,460,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $10,430,000
- 6.5%
- $9,625,000
- 7%
- $8,940,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $12,937,000
Market price range: $5.69M - $19.4M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $14,045,000 Current use
- RETAIL STORES
- $17,455,000 Change: +24% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $14,700,000 Change: +5% Conversion: Easy
- RESTAURANT
- $14,185,000 Change: +1% Conversion: Moderate
- MEDICAL BUILDING
- $11,785,000 Change: -16% Conversion: Easy
- COMMERCIAL (GENERAL)
- $11,290,000 Change: -20% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Walnut Creek
- County
- Contra Costa
- State
- California
- Longitude
- -122.049
- Latitude
- 37.909
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
