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Property profile & analytics
FOR SALE
Medical Office Space
1802 San Miguel Dr Walnut Creek, CA 94596
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-3043750
For Sale
1 / 43
Contact for pricing
1802 San Miguel Dr, Walnut Creek, CA 94596
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Property summary
AI-generated overview
This 2,302 square foot medical office building in Walnut Creek, CA, is offered at $1,600,000 ($695.05/SF). Built in 1968, this single-story, Class C building boasts six exam/treatment rooms, a waiting room, reception area, prep room, executive office with private restroom, two additional restrooms, and a lab/prep area. Two spacious yard areas and abundant natural light enhance the space. The property features ample parking (6 spaces per 1,000 sq ft) and is conveniently located near downtown Walnut Creek within a well-established medical park. Currently 100% occupied, it offers a 3.50% cap rate. The HOA covers utilities and exterior maintenance. The building is restricted to medical and dental uses per the CC&Rs. This owner/user investment opportunity is ideal for medical professionals, dentists, or medical spa businesses seeking a turnkey operation. The property includes 2,302 square feet of air rights. A 1031 exchange is a possible sale condition.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1968
Total area
2,139 SF
Lot
0.05 ac (2,139 SF)
APN
180-380-001-8
UPID
US09-3043750
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
-
Dr. John W. Bruns, DDS Dental Office
-
Dr. Gail E. Frick, DMD Dental Office
-
Walnut Creek Prosthodontics & Dental Implants Dental Office
-
Walnut Creek Periodontics & Dental Implants - Jane Jiao, DDS, MMSc & John W. Bruns, DDS Dental Office
-
Dr. Sergio Florencio Dental Office Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$967k
Blend (final)
Blend
$970k
Owner & transaction history
San Miguel 1802 LLC · 6 yrs held
San Miguel 1802 LLC
since 2020
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+40.2%
Office building
$925,000
+19.2%
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
$1,070,000
ML approach
$1,020,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$775,000
Current use
RETAIL STORES
$1,090,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$925,000
Change: +19% · Conversion: Easy
COMMERCIAL (GENERAL)
$745,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±10% · vs last sale $900k (Feb 28 2020)
Last sale anchor
$900k
Feb 28 2020
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
$453 / 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
$21,250
Tax year 2024
Assessed value
$964,978
Assessed 2024
Previous assessed
$964,978
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$536,099
Assessed improvement
$428,879
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1968
Heating
NONE
Stories
1
Units
1
Rooms
1
Total area
2,139 SF
Lot
0.05 ac (2,139 SF)
APN
180-380-001-8
UPID
US09-3043750
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
MEDICAL BUILDING Current
Est. value
$775,000
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$925,000
COMMERCIAL (GENERAL)
Est. value
$745,000
MEDICAL BUILDING Current
RETAIL STORES
OFFICE 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
1968
Heating
NONE
Stories
1
Units
1
Rooms
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
San Miguel 1802 LLC
Entity
Mailing address
1802 SAN MIGUEL DR, WALNUT CREEK, CA 94596-8606
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2020
—
San Miguel 1802 LLC
—
Deed
related
$457,500 · California Bk/commerce
Apr 1, 2020
—
San Miguel 1802 LLC
—
Deed
related
$379,000 · Private Individual
Feb 28, 2020
$900,000
San Miguel 1802 LLC
Curtis L Barmby
Grant Deed
$457,500 · California Bk/commerce
Dec 31, 1986
$304,000
Curtis L|gail Elizabe Barmby
Sierra Miguel Professional
Grant Deed
related
—
—
—
San Miguel 1802 LLC
—
Deed Of Trust
related
$379,000 · Private Individual
—
—
San Miguel 1802 LLC
—
Deed Of Trust
related
$457,500 · California Bk/commerce
—
—
Curtis L Barmby
—
Deed Of Trust
related
$200,000 · Bank Of Walnut Creek
Dec 29, 1967
—
—
—
Grant Deed
related
—
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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