Back to Search
Property profile & analytics
FOR LEASE
Retail space
1422 N California Blvd Walnut Creek, CA 94596
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3031613
For Lease
1 / 2
$11,635,000
1422 N California Blvd, Walnut Creek, CA 94596
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Total area
23,458 SF
Lot
0.4 ac (17,500 SF)
APN
178-171-012-2
UPID
US09-3031613
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.55M
CAP Approach
CAP
$9.23M
Comparable Approach
Comparable
$14.82M
Blend (final)
Blend
$11.64M
Owner & transaction history
Sm Ret Wv LLC · 2 yrs held
Sm Ret Wv LLC
since 2023
Last sale
$12.4M
7 recorded transactions
Zoning & alternative use
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
$11,520,000
ML approach
$9,550,000
CAP Approach
CAP Return
Estimation
6%
$10,000,000
6.5%
$9,230,000
7%
$8,570,000
Alternative Use
Use
Estimation
RETAIL STORES
$11,945,000
Current use
APARTMENT HOUSE (5+ UNITS)
$11,860,000
Change: -1% · Conversion: Difficult
RESTAURANT
$10,260,000
Change: -14% · Conversion: Easy
OFFICE BUILDING
$10,155,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$11.64M
Range $10.47M – $12.80M · ±10% · vs last sale $12.35M (Jul 25 2023)
Last sale anchor
$12.35M
Jul 25 2023
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
$496 / 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
$160,880
Tax year 2024
Assessed value
$12,350,000
Assessed 2024
Previous assessed
$12,350,000
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$4,375,000
Assessed improvement
$7,975,000
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
For Lease
Year built
2003
Heating
NONE
Stories
1
Units
6
Rooms
5
Total area
23,458 SF
Lot
0.4 ac (17,500 SF)
APN
178-171-012-2
UPID
US09-3031613
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
$11.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.9M
RESTAURANT
Est. value
$10.3M
OFFICE BUILDING
Est. value
$10.2M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
OFFICE BUILDING
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
2003
Heating
NONE
Stories
1
Units
6
Rooms
5
Lot
0.4 ac
Current owner
From public records · entity-resolved
Sm Ret Wv LLC
Entity
Mailing address
5910 N CENTRAL EXPY, DALLAS, TX 75206-5125
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Oct 4, 2023
—
Sm Ret Wv LLC
—
Deed
related
$32,400,000 · The Lincoln National Life Insurance Co
Jul 25, 2023
$12,350,000
Sm Ret Wv LLC
Bonanza Street Holdings LLC
Grant Deed
—
Apr 20, 2017
—
Bonanza Street Holdlngs LLC
—
Deed
related
$8,875,000 · Jpmorgan Chase Bank NA
Apr 5, 2012
$4,572,325
Bonanza Street Holdings LLC
Old Republic Title Co
Trustees Deed
related
—
Jul 11, 2007
—
Alamo-dudum Assocs LLC
—
Deed Of Trust
related
$2,500,000 · Fremont Bank
—
—
Bonanza Street Holdings LLC
—
Loan Modification
related
$6,999,900 · Mufg Union Bk NA
—
—
Alamo-dudum Assocs LLC
—
Deed Of Trust
related
$7,600,000 · Fremont Bank
—
—
Alamo-dudum Associates LLC
—
Deed Of Trust
related
$1,650,000 · Scott Valley Bank
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.
