Back to Search
Property profile & analytics
FOR LEASE
Office buildings
1277 Treat Blvd Walnut Creek, CA 94597
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3025884
For Lease
1 / 2
Contact for pricing
1277 Treat Blvd, Walnut Creek, CA 94597
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
184,934 SF
Lot
1.81 ac (78,844 SF)
Zoning code
P-1
APN
148-470-002-4
UPID
US09-3025884
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
ROGER THE BOX MAN Big Box & Wholesale Store
-
Covered California Certified Agent - Carol Mendez Insurance Agency
-
Paradigm Outcomes Professional Services
-
Cafe 1277 Restaurant
-
A3 Smart Home Security Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$23.87M
Blend (final)
Blend
$39.06M
Owner & transaction history
Treat Towers Owner LLC · 6 yrs held
Treat Towers Owner LLC
since 2019
6 recorded transactions
Zoning & alternative use
P-1 · Walnut Creek, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Walnut Creek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Walnut Creek submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$64,370,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$39.06M
Range $35.15M – $42.97M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$211 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$676,306
Tax year 2024
Assessed value
$60,000,000
Assessed 2024
Previous assessed
$60,000,000
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$21,442,600
Assessed improvement
$38,557,400
Applied tax rate
98.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1999
Heating
NONE
Stories
1
Total area
184,934 SF
Lot
1.81 ac (78,844 SF)
Zoning code
P-1
APN
148-470-002-4
UPID
US09-3025884
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
P-1 · Walnut Creek, CAZoning P-1 · permitted uses
P-1 · Walnut Creek, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$64.4M
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Stories
1
Lot
1.81 ac
Current owner
From public records · entity-resolved
Treat Towers Owner LLC
Entity
Free & Clear · 6 yrs held
Mailing address
3953 MAPLE AVE STE #300, DALLAS, TX 75219-3228
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2019
—
Treat Towers Owner LLC
—
Grant Deed
related
$138,700,000 · Metlife R/e Lndg LLC
Oct 28, 2019
—
Treat Towers Owner LLC
Mlm Treat Towers Property LLC
Quit Claim Deed
—
Aug 8, 2012
$118,500,000
Metropolitan Life Ins Co
Ca-treat Towers LP
Grant Deed
—
Aug 8, 2012
—
Metropolitan Life Ins Co
Ca-treat Towers LP
Grant Deed
related
—
Jun 21, 2001
—
Spk-treat Towers LLC
Spieker Properties LP
Grant Deed
related
—
Sep 22, 1997
—
Properties LP Spieker
Wc North Joint Venture
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
