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

    1388 California Blvd Walnut Creek, CA 94596-5125

    • Retail space
    • 25,520 SF
    • 2.15 lot acres
    OFF-MARKET
    Last Sale
    Apr 23, 2021
    $14,153,000
    Value Estimations
    $12,010,000
    Show details
    Cap Rate Potential
    5.2%
    Retail space
    Location Intelligence
    Property ID
    US09-2786746
    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

    • Pet Food Express / Pet Supply Store
    • VIP Petcare Wellness Center / Veterinarian
    • Just Food For Dogs / Pet Supply Store / Pet Store
    • SIRIUS Puppy & Dog Training / Dog Trainer / Pet Trainer

    Property Details for 1388 California Blvd

    Year built
    1961
    Lot size
    2.15 lot acres
    Property size
    25,520 SF
    Property type
    Retail space
    APN
    184-070-024-7
    APU
    1840700247

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $12,530,000
      ML approach
      $9,180,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,875,000
      6.5%
      $10,040,000
      7%
      $9,325,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $12,995,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $12,905,000
      Change: -1% Conversion: Difficult
      RESTAURANT
      $11,160,000
      Change: -14% Conversion: Easy
      OFFICE BUILDING
      $11,050,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Walnut Creek
    County
    Contra Costa
    State
    California
    Longitude
    -122.061
    Latitude
    37.8933
    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
    $340,786
    $10,612,080
    $19,426,473
    $30,038,553
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,005,000
      2,964 SF

      1545 Locust St

      RETAIL STORES (PERSONAL SERVICES) • 2,964 SF
      1545 Locust St, Walnut Creek, CA 94596-4116
      View Details
    • Value Estimation
      $585,000
      1,589 SF

      2266 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,589 SF
      2266 Main St, Walnut Creek, CA 94596-3521
      View Details
    • Value Estimation
      $4,435,000
      25,008 SF

      1940 Mt Diablo Blvd

      RETAIL STORES (PERSONAL SERVICES) • 25,008 SF
      1940 Mt Diablo Blvd, Walnut Creek, CA 94596
      View Details
    • Value Estimation
      $2,680,000
      15,050 SF

      1251 Arroyo Way

      RETAIL STORES (PERSONAL SERVICES) • 15,050 SF
      1251 Arroyo Way, Walnut Creek, CA 94596-4215
      View Details
    • Value Estimation
      $2,150,000
      9,310 SF

      1790 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 9,310 SF
      1790 Broadway, Walnut Creek, CA 94596-4123
      View Details
    • Value Estimation
      $2,285,000
      8,120 SF

      1385 Newell Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,120 SF
      1385 Newell Ave, Walnut Creek, CA 94596-5333
      View Details

    Similar Nearby for Sale

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      6,056 SF

      Fully Leased Walnut Creek Investment

      Two buildings with parking in South Downtown Walnut Creek.
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      Prime Walnut Creek location, high traffic, 6,056 SF.
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    • $3,400,000
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      Walnut Creek Retail Investment Opportunity

      Fully leased retail property in Walnut Creek's south downtown.
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    • $3,500,000
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      Walnut Creek Executive Office Building

      Prime Walnut Creek location, 5,811 SF, $3.5M
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    • $3,500,000
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      Mixed-Use Building in Walnut Creek

      Two-story building with retail and office space for sale.
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    • $8,237,000
      20,198 SF

      Fully Leased Retail/Office Building

      Two-story, 20,198 SF retail/office building in Walnut Creek, CA.
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    Similar Nearby for Lease

    • Contact for pricing
      3,411 SF

      Prime Retail Space Available

      Flagship retail space in a high-profile East Bay location.
      1500 Mt Diablo Blvd, Walnut Creek, CA 94596
      View Details
    • Contact for pricing
      3,892 SF

      Downtown Walnut Creek Mixed-Use Space

      High-profile retail/restaurant space in a new mixed-use building.
      1380 N California Blvd, Walnut Creek, CA 94596
      View Details
    • Contact for pricing
      7,000 SF

      Prime Retail Space Available

      Retail space with excellent visibility, access, and parking.
      1301-1330 S California Blvd, Walnut Creek, CA 94596
      View Details
    • Contact for pricing
      1,831 SF

      Retail Space Near BART

      Premier mixed-use transit-oriented project in Walnut Creek, CA.
      101 Pringle Ave, Walnut Creek, CA 94596
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    • Contact for pricing
      3,240 SF

      Retail Space Former Fitness Studio

      Retail space available for rent, formerly a fitness studio.
      1500 Newell Ave, Walnut Creek, CA 94596
      View Details
    • Contact for pricing
      2,900 SF

      Retail Space in Walnut Creek

      Retail space available in the heart of Walnut Creek.
      1716 N Main St, Walnut Creek, CA 94596
      View Details

    Property Visit Statistics

    • Visits by month
      83.1k
    • Visitors by month
      48.2k
    • Avg Time on site
      21 min
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    1388 California Blvd
    Walnut Creek, CA 94596-5125
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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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