1250 Montego Walnut Creek, CA 94598-2820
- Office buildings
- 24,751 SF
- 1.01 lot acres
Current Use by Public Records
- Office buildings
Property Details for 1250 Montego
- Year built
- 1980
- Lot size
- 1.01 lot acres
- Property size
- 24,751 SF
- Property type
- Office buildings
- APN
- 140-260-032-2
- APU
- 1402600322
Description
Montego Ridge, a three-building office complex in Walnut Creek, CA (94598), totaling 24,922 square feet, is available for sale or lease. This exceptional property, situated on a 1.01-acre lot at 1250 Montego, near Ygnacio Valley Rd, offers flexible space options ranging from a minimum of 20,000 contiguous square feet up to the entire 24,923 square feet. Currently, 40,000 square feet is vacant, presenting a significant opportunity for businesses seeking immediate occupancy. Built in 1980, the property features 208/120V 3-phase power and is zoned PD888 with an O-C Overlay (Office, Medical), allowing for diverse uses. The property is ideal for both executive office and medical office tenants. The seller will consider selling all or part of the project to owner-users and developers. Conditional approvals exist for assisted living/residential care, schools, and churches, expanding potential development opportunities. The property's APN is 140-260-032, located in Contra Costa County. This is a rare opportunity to acquire a substantial and versatile commercial property in a highly desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $26,270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $19,415,000
- 6.5%
- $19,305,000
- 7%
- $18,980,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $21,695,000
- Geo Method
- $21,035,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $17,205,000
- Retail
- $17,120,000
- Mixed-Use
- $20,915,000
- Hospitality
- $19,375,000
- Educational
- $17,805,000
- Residential Income
- $16,830,000
- Energy
- $20,675,000
- Income-Based Land
- $18,680,000
- Food Service
- $20,915,000
Location Insight
- Map
- Local Demand
- City
- Walnut Creek
- County
- Contra Costa
- State
- California
- Longitude
- -122.048
- Latitude
- 37.909
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA