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Property profile & analytics
OFF-MARKET
Estimated value
$3,765,000
Retail space
1397 Main St Walnut Creek, CA 94596-4602
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1671375
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1964
Total area
4,693 SF
Lot
0.1 ac (4,514 SF)
APN
178-230-026-1
UPID
US09-1671375
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
-
Leonidas -- Love + Chocolate Shop Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.42M
Blend (final)
Blend
$3.77M
Owner & transaction history
Lafayette Land Company LLC · 3 yrs held
Lafayette Land Company LLC
since 2022
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.3M
+81.7%
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
$3,425,000
ML approach
$3,585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,390,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,345,000
Change: +82% · Conversion: Moderate
Blend value · Realmo final
$3.77M
Range $3.39M – $4.14M · ±10% · vs last sale $4.20M (Oct 10 2022)
Last sale anchor
$4.20M
Oct 10 2022
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
$802 / 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
$48,315
Tax year 2024
Assessed value
$4,284,000
Assessed 2024
Previous assessed
$4,284,000
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,224,000
Assessed improvement
$3,060,000
Applied tax rate
9.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1964
Heating
NONE
Stories
1
Units
9
Rooms
1
Total area
4,693 SF
Lot
0.1 ac (4,514 SF)
APN
178-230-026-1
UPID
US09-1671375
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
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
RETAIL STORES Current
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1964
Heating
NONE
Stories
1
Units
9
Rooms
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Lafayette Land Company LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3505 MT DIABLO BLVD, LAFAYETTE, CA 94549-3813
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2023
—
Lafayette Land Company LLC
—
Deed
related
$4,765,000 · Wells Fargo Bank NA
Oct 10, 2022
$4,200,000
Lafayette Land Company LLC
Karen Phillips Boccabella
Grant Deed
—
Feb 25, 2021
—
Glen A Phillips
Glen A Phillips
Intrafamily Transfer
related
—
Feb 18, 2021
—
Diane F Phillips
Diane F Phillips
Intrafamily Transfer
related
—
Oct 22, 2020
—
Phillips,l E & D F Trust
Lawrence E Phillips
Affidavit Of Death
related
—
Sep 25, 2000
—
Phillips Trust
Phillips,glen A
Quit Claim Deed
related
—
Apr 20, 1998
—
Phillips Trust
Phillips,lawrence E
Quit Claim Deed
related
—
Nov 3, 1987
—
Owner Name Unavailable
—
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.
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