Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1756 Carmel Dr Walnut Creek, CA 94596-4270
    Back to Search
    Property profile & analytics

    1756 Carmel Dr, Walnut Creek, CA 94596-4270

    View on Map
    • Apartment buildings
    • 49,404 SF
    • 1.67 lot acres
    Off-Market
    Property ID
    US09-3024907
    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.
    Value Estimations
    $5,420,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Carmel House Apartments / Apartment Complex

    Property Details for 1756 Carmel Dr

    Year built
    1962
    Lot size
    1.67 lot acres
    Property type
    Apartment buildings
    APN
    178-290-031-8
    APU
    1782900318

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 10, 2014 $26,850,000 Carmel House LLC Carmel House Apartments LLC Grant Deed $15.8M · Berkeley Point Cap
    Oct 13, 2009 — Baap Carmel LLC — Deed Of Trust · related $12.7M · Wachovia Cre Cdo 2006-1 Ltd
    Sep 11, 2009 — Baap Carmel LLC — Deed Of Trust · related $12.7M · Wachovia Cre Cdo 2006-1 Ltd
    Aug 31, 2006 — Baap Carmel LLC General Western Carmel Co Grant Deed $12.7M · Wachovia Bank NA
    Jul 2, 2003 — General Western Carmel Co Web Service Co Quit Claim Deed · related —
    May 3, 1994 — Morton L Friedkin Friedkin,amy R Quit Claim Deed · related —
    May 3, 1994 $55,000 General Western Carmel Co Cohen,sam W Trustees Deed · related —
    Sep 18, 1990 — Friedkin Becker General Western Grant Deed · related —
    Apr 24, 1990 $55,000 Sam Cohen Friedkin Becker Grant Deed · related —
    — — Baap Carmel LLC — Deed Of Trust · related $12.6M · Wachovia Cre Cdo 2006-1 Ltd
    — — General Western — Deed Of Trust · related $361k · Friedkin Becker

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Walnut Creek
    County
    Contra Costa
    State
    California
    Longitude
    -122.057
    Latitude
    37.9026
    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
    $299,690
    $7,161,141
    $15,302,449
    $22,463,590
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $630,000
      4,930 SF

      120 Vlg Ct

      APARTMENT HOUSE (5+ UNITS)
      120 Vlg Ct, Walnut Creek, CA 94596-4878
      View Details
    • Value Estimation
      $16,560,000
      153,137 SF

      1530 California Blvd

      APARTMENT HOUSE (5+ UNITS)
      1530 California Blvd, Walnut Creek, CA 94596-4109
      View Details
    • Value Estimation
      $23,470,000
      134,240 SF

      1395 Creekside Dr

      APARTMENT HOUSE (5+ UNITS)
      1395 Creekside Dr, Walnut Creek, CA 94596-7412
      View Details
    • Value Estimation by Request
      107,670 SF

      1380 California Blvd

      APARTMENT HOUSE (5+ UNITS)
      1380 California Blvd, Walnut Creek, CA 94596-5176
      View Details
    • Value Estimation
      $2,780,000
      13,980 SF

      1376 Creekside Dr

      APARTMENT HOUSE (5+ UNITS)
      1376 Creekside Dr, Walnut Creek, CA 94596-5785
      View Details
    • Value Estimation
      $880,000
      3,720 SF

      1370 Oakland Blvd

      APARTMENT HOUSE (5+ UNITS)
      1370 Oakland Blvd, Walnut Creek, CA 94596-4304
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,648 SF

      Walnut Creek Six-Unit Apartment Complex

      Six-unit apartment complex in Walnut Creek near downtown.
      1282 Carmel Ct, Walnut Creek, CA 94596
      View Details
    • $1,749,000
      4,000 SF

      Walnut Creek Multifamily Investment Opportunity

      Four-unit apartment complex near downtown Walnut Creek.
      1594 Morgan Ln, Walnut Creek, CA 94596
      View Details
    • $1,849,000

      Walnut Creek Multifamily Investment

      Four-unit property near downtown Walnut Creek and BART.
      1594 Morgan Ln, Walnut Creek, CA 94596
      View Details
    • Contact for pricing

      Walnut Creek Office Buildings For Sale

      Office buildings near Walnut Creek BART station with freeway access.
      1766 Lacassie Ave, Walnut Creek, CA 94596
      View Details
    • Contact for pricing
      4,143 SF

      Walnut Creek Office Space Available

      Office space across from Walnut Creek BART station for rent.
      255 Ygnacio Valley Rd, Walnut Creek, CA 94596
      View Details

    Similar Nearby for Lease

    • $45 SF/Yr
      9,636 SF

      Walnut Creek Restaurant Space Available

      Prime Walnut Creek Retail, Restaurant Space
      1601 Main St, Walnut Creek, CA 94596
      View Details
    • Contact for pricing

      Retail Space Near Target

      Ground floor retail space across from Target in Walnut Creek.
      1910 N Main St, Walnut Creek, CA 94596
      View Details
    • Contact for pricing
      1,866 SF

      Retail Space in Walnut Creek

      Retail space available for lease in Walnut Creek, CA.
      1273 Locust St, Walnut Creek, CA 94596
      View Details
    • Contact for pricing
      5,748 SF

      Walnut Creek Office Space Available

      5,748 SF office space available for lease.
      1333 North California Blvd, Walnut Creek, CA 94596
      View Details
    • Contact for pricing
      2,247 SF

      Downtown Office Space Available

      Office space for rent in a convenient downtown location.
      1850 Mt Diablo Blvd, Walnut Creek, CA 94596
      View Details
    • Contact for pricing
      5,573 SF

      Walnut Creek Second Floor Office

      Second floor office space available for rent in Walnut Creek.
      1619-1697 Mt Diablo Blvd, Walnut Creek, CA 94596
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1756 Carmel Dr
    Walnut Creek, CA 94596-4270
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1756 Carmel Dr, Walnut Creek, CA, 94596
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!