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Property profile & analytics
FOR LEASE
Retail space
1500 Mt Diablo Blvd Walnut Creek, CA 94596
Individually Owned
12-yr Hold
Free & Clear
Property ID
US09-5051496
For Lease
1 / 2
$5,105,000
1500 Mt Diablo Blvd, Walnut Creek, CA 94596
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2014
Total area
15,866 SF
Lot
0.18 ac (7,835 SF)
APN
178-230-027-9
UPID
US09-5051496
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
-
CASA - The Chef Apprentice School of the Arts Vocational School Training Center
-
Rooftop Restaurant & Bar Restaurant
-
Telefèric Barcelona Walnut Creek Restaurant
-
Slice House by Tony Gemignani Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.24M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.11M
Owner & transaction history
Bh Dev · 12 yrs held
Bh Dev
since 2014
5 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,760,000
6.5%
$6,240,000
7%
$5,795,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,080,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,020,000
Change: -1% · Conversion: Difficult
RESTAURANT
$6,940,000
Change: -14% · Conversion: Easy
OFFICE BUILDING
$6,870,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$5.11M
Range $4.59M – $5.62M · ±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
$322 / 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
$279,476
Tax year 2024
Assessed value
$22,874,734
Assessed 2024
Previous assessed
$22,874,734
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$3,207,757
Assessed improvement
$19,666,977
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
2014
Heating
NONE
Stories
1
Units
4
Rooms
4
Total area
15,866 SF
Lot
0.18 ac (7,835 SF)
APN
178-230-027-9
UPID
US09-5051496
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
$8.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.0M
RESTAURANT
Est. value
$6.9M
OFFICE BUILDING
Est. value
$6.9M
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
2014
Heating
NONE
Stories
1
Units
4
Rooms
4
Lot
0.18 ac
Current owner
From public records · entity-resolved
Bh Dev
Individual
Free & Clear · 12 yrs held
Mailing address
1501 MT DIABLO BLVD STE #260, WALNUT CREEK, CA 94596-4556
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2025
—
Bh Development
—
Deed
related
$10,250,000 · Five Star Bank
Jul 10, 2014
$2,600,000
Bh Dev
City Of Walnut Creek
Grant Deed
—
Oct 12, 1976
—
Walnut Creek City Of
—
Grant Deed
related
—
Sep 18, 1973
—
—
—
Grant Deed
related
—
—
—
Bh Dev
—
Loan Modification
related
$11,000,000 · Mufg Union Bk NA
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?”
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