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Property profile & analytics
OFF-MARKET
Estimated value
$3,895,000
Retail space
1611 Main St Walnut Creek, CA 94596
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1846771
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1946
Total area
5,129 SF
Lot
0.17 ac (7,573 SF)
APN
178-220-004-0
UPID
US09-1846771
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
-
Baker Co. (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.74M
Blend (final)
Blend
$3.90M
Owner & transaction history
Abdul Kader Chashmawala · 3 yrs held
Abdul Kader Chashmawala
since 2022
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.7M
+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
$3,505,000
ML approach
$3,635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,610,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,745,000
Change: +82% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,595,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$3.90M
Range $3.51M – $4.28M · ±10% · vs last sale $4.30M (Oct 31 2022)
Last sale anchor
$4.30M
Oct 31 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
$759 / 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
$49,474
Tax year 2024
Assessed value
$4,386,000
Assessed 2024
Previous assessed
$4,386,000
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,632,000
Assessed improvement
$2,754,000
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
1946
Heating
NONE
Stories
1
Units
1
Rooms
1
Total area
5,129 SF
Lot
0.17 ac (7,573 SF)
APN
178-220-004-0
UPID
US09-1846771
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
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1946
Heating
NONE
Stories
1
Units
1
Rooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Abdul Kader Chashmawala
Individual
Mailing address
4499 DEER RDG RD, DANVILLE, CA 94506-6019
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2022
—
Abdul Kader Chashmawala
Abdul Kader Chashmawala
Intrafamily Transfer
related
$1,548,000 · Bay Area Employment Development Com
Sep 30, 2022
$4,300,000
Abdul Chashmawala
Novo Invetments LLC
Grant Deed
$1,795,000 · First Republic Bank
Aug 25, 2022
—
Novo Investments LLC
—
Deed
related
$2,800,000 · Comerica Bank
Aug 11, 2020
—
Novo Investments LLC
—
Deed
related
$2,148,000 · United States Small Business Admin
May 31, 2019
$4,000,000
Novo Investments LLC
The Julie Brun Revocable Living Tru
Grant Deed
$2,800,000 · Mufg Union Bank NA
Feb 23, 2011
$2,315,000
Brun Julie Living Trust
Strong C & P Trust
Grant Deed
$639,000 · California Bank & Trust
May 9, 2003
—
Lauvau,tr
Otvos,j J
Grant Deed
related
—
Mar 21, 2001
—
Strong Trust
Swomp
Quit Claim Deed
related
—
Jan 14, 1991
$233,000
Otvos J
Swowp Partnershi
Grant Deed
$68,000 · John Muir Bank
—
—
J J Otvos
—
Deed Of Trust
related
$180,000 · Us Bank
—
—
J J Otvos
—
Deed Of Trust
related
$476,775 · Pillsbury Trust
—
—
Strong,tr
—
Deed Of Trust
related
$580,000 · Us Bank NA
—
—
Walter Hofstadter
—
Deed Of Trust
related
$50,000 · Individual
—
—
Jj Otvos
—
Deed Of Trust
related
$40,000 · Concord Commercial 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.
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