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Property profile & analytics
FOR SALE
Office buildings
1485 Treat Blvd Walnut Creek, CA 94597
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3009504
For Sale
1 / 2
$4,300,000
1485 Treat Blvd, Walnut Creek, CA 94597
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
15,908 SF
Lot
0.32 ac (13,852 SF)
Zoning code
P-1
APN
148-260-060-6
UPID
US10-3009504
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
-
Matlock Law Group PC: Matlock Kenneth Law Firm
-
TecheSupport Computer & Electronic Repair
-
Crossroads Psychotherapy Institute Family Counselor Psychologist
-
Cook Environmental Services Environmental Consultant
-
Crossroads Psychotherapy Institute: Wornian Larry PHD Family Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.69M
CAP Approach
CAP
$4.72M
Comparable Approach
Comparable
$3.77M
Blend (final)
Blend
$3.62M
Owner & transaction history
Seebon LLC · 4 yrs held
Seebon LLC
since 2021
Last sale
$2.9M
7 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
$3,775,000
ML approach
$3,690,000
CAP Approach
CAP Return
Estimation
6%
$5,115,000
6.5%
$4,720,000
7%
$4,385,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,780,000
Change: -16% · Conversion: Easy
COMMERCIAL (GENERAL)
$5,535,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$3.62M
Range $3.25M – $3.98M · ±10% · vs last sale $2.88M (Sep 28 2021)
Last sale anchor
$2.88M
Sep 28 2021
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
$227 / 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
$34,674
Tax year 2024
Assessed value
$2,991,150
Assessed 2024
Previous assessed
$2,991,150
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$988,380
Assessed improvement
$2,002,770
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 Sale
Year built
1984
Heating
NONE
Stories
1
Total area
15,908 SF
Lot
0.32 ac (13,852 SF)
Zoning code
P-1
APN
148-260-060-6
UPID
US10-3009504
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
P-1 · Walnut Creek, CA
Zoning 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
Walnut Creek. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$5.5M
MEDICAL BUILDING
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
1984
Heating
NONE
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Seebon LLC
Entity
Mailing address
590 YGNACIO VLY RD STE #220, WALNUT CREEK, CA 94596-3807
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2023
—
Seebon LLC
—
Deed
related
$1,200,000 · Cathay Bank
Sep 28, 2021
$2,875,000
Seebon LLC
Capital Equity Management Group INC
Grant Deed
$2,365,000 · Cathay Bank
Feb 17, 2021
—
Capital Equity Management Group INC
Mortgage Lender Services INC
Trustees Deed
related
—
Oct 17, 2018
—
Ginn Properties LLC
—
Deed
related
$1,986,400 · Zions First Nat'l Bk
Sep 20, 2018
—
Ginn Properties LLC
—
Deed
related
$1,986,400 · Zions First Nat'l Bk
Dec 12, 2017
$3,400,000
Ginn Properties LLC
Sherland INC
Grant Deed
$1,986,400 · Zb NA
Jan 6, 2016
$2,830,000
Sherland INC
Elvidge,ronald P
Grant Deed
—
Jul 3, 2014
—
Ronald P Elvidge
Elvidge,carla N
Quit Claim Deed
related
—
Jul 3, 2014
$2,419,000
Ronald P Elvidge
Chopra Family Trust
Grant Deed
$390,000 · Chopra Family Trust (pt)
Aug 7, 2007
—
Chopra Family Trust
Chopra,v K & Monica
Quit Claim Deed
related
—
Aug 16, 2005
—
Chopra V K
Casey Family Program
Grant Deed
$1,890,292 · California Bank & Trust
Jan 6, 1989
$2,700,000
The Casey Family
Furmenti,p.&h.
Trustees Deed
—
Jan 6, 1989
$1,950,000
Sheeks,bert
Frumenti,p.&h.
Trustees Deed
—
Jan 6, 1989
$1,952,000
Frumenti,peter&h
Sheeks,b.
Trustees Deed
—
Dec 8, 1988
$307,000
Burl Mcaninch
Amorde,r.&v.
Grant Deed
—
Oct 28, 1986
—
Owner Name Unavailable
—
Grant Deed
related
—
—
—
Ginn Properties LLC
—
Deed Of Trust
related
$1,460,000 · Pacific W Certified Dev Corp
—
—
Ginn Properties LLC
—
Deed Of Trust
related
$1,986,400 · Zions First Nat'l Bk
—
—
Ginn Properties LLC
—
Deed Of Trust
related
$1,986,400 · Zions First Nat'l Bk
—
—
Chopra V K
—
Deed Of Trust
related
$1,750,000 · Shreya & Akash Chopra
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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