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    Property profile & analytics

    1580 Geary Rd Walnut Creek, CA 94597-2700

    • Assisted living facilities
    • 135,969 SF
    • 5.51 lot acres
    OFF-MARKET
    Last Sale
    Jul 01, 2022
    $87,830,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1457043
    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

    • The Kensington at Walnut Creek / Retirement Community / Assisted Living Facility

    Property Details for 1580 Geary Rd

    Year built
    1988
    Lot size
    5.51 lot acres
    Property size
    135,969 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    170-270-088-9
    APU
    1702700889

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $63,822,000
      Market price range: $38.8M - $63.8M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $49,485,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $125,820,000
      Change: +154% Conversion: Difficult
      RETAIL STORES
      $73,155,000
      Change: +48% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $61,600,000
      Change: +24% Conversion: Difficult
      RESTAURANT
      $59,460,000
      Change: +20% Conversion: Difficult
      OFFICE BUILDING
      $58,870,000
      Change: +19% Conversion: Difficult
      MEDICAL BUILDING
      $49,385,000
      Change: -0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Walnut Creek
    County
    Contra Costa
    State
    California
    Longitude
    -122.066
    Latitude
    37.927
    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
    $604,031
    $10,526,400
    $39,708,600
    $50,235,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      7,144 SF

      1621 3rd Ave

      HOMES (RETIRED, NURSING) • 7,144 SF
      1621 3rd Ave, Walnut Creek, CA 94597-2606
      View Details
    • Value Estimation
      $1,900,000
      3,842 SF

      1411 Treat Blvd

      MEDICAL BUILDING • 3,842 SF
      1411 Treat Blvd, Walnut Creek, CA 94597-2141
      View Details
    • Value Estimation
      $25,775,000
      148,140 SF

      1450 Treat Blvd

      MEDICAL BUILDING • 148,140 SF
      1450 Treat Blvd, Walnut Creek, CA 94597-2168
      View Details
    • Value Estimation
      $620,000
      3,819 SF

      3164 Putnam Blvd

      MEDICAL BUILDING • 3,819 SF
      3164 Putnam Blvd, Walnut Creek, CA 94597-1868
      View Details
    • Value Estimation
      $3,515,000
      10,958 SF

      3116 Oak Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,958 SF
      3116 Oak Rd, Walnut Creek, CA 94597-2010
      View Details
    • Value Estimation
      $19,780,000
      142,392 SF

      3130 Oak Rd

      APARTMENT HOUSE (5+ UNITS) • 142,392 SF
      3130 Oak Rd, Walnut Creek, CA 94597-7713
      View Details

    Similar Nearby for Sale

    • $1,350,000
      16,117 SF

      Walnut Creek Townhouse Development Site

      Development site conditionally approved for 8 townhouses in Walnut Creek.
      1394 Walden Rd, Walnut Creek, CA 94597
      View Details
    • Contact for pricing

      Hospitality Property with 155 Rooms

      Three/four-story hotel with 155 guest rooms and supportive amenities.
      3131 N Main St, Walnut Creek, CA 94597
      View Details
    • $2,400,000
      8,658 SF

      Retail Property in Walnut Creek

      Retail property available for sale in Walnut Creek, CA.
      2818 N Main St, Walnut Creek, CA 94597
      View Details
    • $2,100,000
      3,000 SF

      Retail Property with Yard For Sale

      Rare owner/user opportunity with premium retail frontage and yard.
      2615 N Main St, Walnut Creek, CA 94597
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      650 SF

      Retail Space in Walnut Creek

      Retail space available for lease in Walnut Creek, CA.
      2678 N Main St, Walnut Creek, CA 94597
      View Details
    • Contact for pricing
      3,223 SF

      Premier Office Building Near BART

      10-story office building adjacent to BART station in Walnut Creek.
      2999 Oak Rd, Walnut Creek, CA 94597
      View Details
    • Contact for pricing

      Vacant Land Ground Lease Opportunity

      Vacant land available for ground lease near Palos Verdes Mall.
      1500 Palos Verdes Mall, Walnut Creek, CA 94597
      View Details
    • $3 SF/Yr
      3,247 SF

      Class A Office Space

      Class A office space near Pleasant Hill BART station.
      3000 Oak Rd, Walnut Creek, CA 94597
      View Details
    • Contact for pricing
      2,424 SF

      Class A Office Space

      Five-story office building near BART station and amenities.
      1350 Treat Blvd, Walnut Creek, CA 94597
      View Details
    • $39 SF/Yr
      95,000 SF

      Palos Verdes Mall Retail Space

      Walnut Creek retail center, multiple spaces available.
      1500-1600 Palos Verdes Mall, Walnut Creek, CA 94597
      View Details

    Property Visit Statistics

    • Visits by month
      42.4k
    • Visitors by month
      26.7k
    • Avg Time on site
      26 min
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    1580 Geary Rd
    Walnut Creek, CA 94597-2700
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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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