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Property profile & analytics
OFF-MARKET Estimated value $3,245,000
Office buildings

1840 San Miguel Dr Walnut Creek, CA 94596-8602

10,280 SF 0.49 ac lot Built 1979
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US09-3128869
Property summary
AI-generated overview

This exceptional Walnut Creek office property, Ridgecrest Professional Center, offers prime executive office space in a highly desirable location at 1840 San Miguel Drive, 94596. The two-story, 10,055 square foot building, constructed in 1980, sits on a 0.489-acre lot and boasts convenient access via Newell Hill Pl. Currently, there are multiple tenancies, with 3,623 square feet of vacant space available. Units range from a minimum of 1,223 square feet to a maximum contiguous space of 2,400 square feet, providing flexibility for various business needs. The building features ample parking with 28 spaces (a 3.00 space-per-unit ratio), and the convenience of elevators. Its classification as an Executive Office, Commercial, and Shopping Center space makes it ideal for a variety of professional uses. Located in Contra Costa County, this property presents a unique opportunity to establish a presence in the thriving Walnut Creek business community. The property's central location and modern amenities make it an attractive option for businesses seeking a prestigious and functional workspace. Don't miss this chance to secure your ideal office space in this well-maintained building.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1979
Total area 10,280 SF
Lot 0.49 ac (21,562 SF)
APN 180-020-057-6
UPID US09-3128869
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
  • Simplera Benefits & Insurance Insurance Agency
  • Rubicon Property Group Construction Company
  • Center for Modern Therapy Physician Medical Clinic
  • Pamela Ramona Thirrukotla Physician
  • Diamond Oak Wealth Partners Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.05M
Comparable Approach Comparable
$3.34M
Blend (final) Blend
$3.25M
Owner & transaction history
St Properties 1840 LLC · 1 yrs held
St Properties 1840 LLC
since 2025
Last sale
$3.3M
7 recorded transactions
2025
$3.3M
2025
Price N/A
2012
Price N/A
2012
Price N/A
2010
Price N/A
2006
Price N/A
1984
$811,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $5.2M +17.6%
Apartment house (5+ units) $5.2M +16.8%
Restaurant $4.5M +1.0%
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