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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1224 Lincoln Ave Walnut Creek, CA 94596-4635

    • Office buildings
    • 2,583 SF
    • 0.26 lot acres
    OFF-MARKET
    Last Sale
    Aug 19, 2020
    $1,425,000
    Value Estimations
    $1,655,000
    Show details
    Cap Rate Potential
    2.9%
    Office buildings
    Location Intelligence
    Property ID
    US09-2535967
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Orion Pacific Traders / Exporter
    • Tioga Construction / Construction Company
    • tiogahomebuilders / General Contractor

    Property Details for 1224 Lincoln Ave

    Year built
    1937
    Lot size
    0.26 lot acres
    Property size
    2,583 SF
    Property type
    Office buildings
    APN
    178-290-001-1
    APU
    1782900011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,695,000
      ML approach
      $1,710,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,541,000
      Market price range: $453k - $1.54M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,120,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,390,000
      Change: +114% Conversion: Difficult
      RETAIL STORES
      $1,315,000
      Change: +18% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Walnut Creek
    County
    Contra Costa
    State
    California
    Longitude
    -122.059
    Latitude
    37.9008
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $18,017
    $1,140,798
    $371,422
    $1,512,220
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $990,000
      17,308 SF

      1415 Oakland Blvd Ste, Unit 200

      OFFICE BUILDING • 17,308 SF
      1415 Oakland Blvd Ste, Walnut Creek, CA 94596-4395
      View Details
    • Value Estimation
      $430,000
      3,215 SF

      961 Ygnacio Vly Rd

      OFFICE BUILDING • 3,215 SF
      961 Ygnacio Vly Rd, Walnut Creek, CA 94596-3825
      View Details
    • Value Estimation
      $450,000
      2,737 SF

      2263 Main St

      OFFICE BUILDING • 2,737 SF
      2263 Main St, Walnut Creek, CA 94596-3520
      View Details
    • Value Estimation
      $1,135,000
      29,907 SF

      1525 Broadway

      OFFICE BUILDING • 29,907 SF
      1525 Broadway, Walnut Creek, CA 94596-4222
      View Details
    • Value Estimation
      $950,000
      23,897 SF

      1330 Broadway

      OFFICE BUILDING • 23,897 SF
      1330 Broadway, Walnut Creek, CA 94596-4647
      View Details
    • Value Estimation
      $1,870,000
      3,268 SF

      1342 Creekside Dr

      OFFICE BUILDING • 3,268 SF
      1342 Creekside Dr, Walnut Creek, CA 94596-5732
      View Details

    Similar Nearby for Sale

    • $3,750,000
      5,776 SF

      Walnut Creek Office Building

      Office building for sale in Walnut Creek, California.
      635 Ygnacio Valley Rd, Walnut Creek, CA 94596
      View Details
    • Contact for pricing
      9,465 SF

      Freestanding Building with Dedicated Parking

      Freestanding office building with dedicated parking lot in Walnut Creek.
      1630 Mt Diablo Blvd, Walnut Creek, CA 94596
      View Details
    • $8,237,000
      20,198 SF

      Fully Leased Retail/Office Building

      Two-story, 20,198 SF retail/office building in Walnut Creek, CA.
      2099 Mt Diablo Blvd, Walnut Creek, CA 94596
      View Details
    • $6,500,000
      12,000 SF

      Downtown Walnut Creek Office Building

      Three-story office building in downtown Walnut Creek with surface parking.
      1601 N California Blvd, Walnut Creek, CA 94596
      View Details
    • $6,400,000
      16,022 SF

      Walnut Creek Office Building

      Office building with redevelopment potential in downtown Walnut Creek.
      1801 N California Blvd, Walnut Creek, CA 94596
      View Details
    • $3,500,000
      5,811 SF

      Walnut Creek Executive Office Building

      Prime Walnut Creek location, 5,811 SF, $3.5M
      1525-1529 Cypress St, Walnut Creek, CA 94596
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      3,120 SF

      Downtown Walnut Creek Office Building

      Small, unique office building in downtown Walnut Creek for lease.
      587 Ygnacio Valley Rd, Walnut Creek, CA 94596
      View Details
    • Contact for pricing
      2,295 SF

      Downtown Walnut Creek Office Space

      Office space for rent in downtown Walnut Creek, California.
      201 N Civic Dr, Walnut Creek, CA 94596
      View Details
    • $4,500,000
      2,701 SF

      Walnut Creek Stand-Alone Office

      Three-level office building near BART and downtown Walnut Creek.
      2055 N Broadway, Walnut Creek, CA 94596
      View Details
    • Contact for pricing
      33,517 SF

      Class A Office Building

      Four-story office building with on-site gym and secured parking.
      1600 Riviera Ave, Walnut Creek, CA 94596
      View Details
    • Contact for pricing
      14,400 SF

      Walnut Creek Office Building Lease

      Office building for lease, walking distance to BART and downtown.
      1515 Oakland Blvd, Walnut Creek, CA 94596
      View Details
    • Contact for pricing
      2,581 SF

      Three-Story Office Building with Residence

      12,000 sq. ft. office building with penthouse residence.
      1670 Riviera Ave, Walnut Creek, CA 94596
      View Details
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    1224 Lincoln Ave
    Walnut Creek, CA 94596-4635
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    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
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