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    201 N Civic Dr Walnut Creek, CA 94596
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    Property profile & analytics

    201 N Civic Dr, Walnut Creek, CA 94596

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    • Office buildings
    • 285,903 SF
    • 5.44 lot acres
    For Lease
    $40,350,000
    View Listing →
    Downtown Walnut Creek Office Space For Lease
    $40,350,000
    2,295 SF

    Downtown Walnut Creek Office Space

    Office space for rent in downtown Walnut Creek, California.

    201 N Civic Dr, Walnut Creek, CA
    View Listing
    Property ID
    US09-2928237
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mike Jones - Keller Williams East Bay / Real Estate Agency
    • Joe Giacomazzo SF East Bay & Coachella Valley Realtor / Real Estate Agency
    • Andria Tall - Realtor, Keller Williams Realty / Real Estate Agency
    • Jennifer Montanez - Keller Williams Realty East Bay / Real Estate Agency
    • Jenny Neyra / Real Estate Agency

    Property Details for 201 N Civic Dr

    Year built
    1982
    Lot size
    5.44 lot acres
    Property type
    Office buildings
    APN
    173-150-023-5
    APU
    1731500235

    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
    -122.06
    Latitude
    37.9099
    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
    $429,029
    $13,051,900
    $25,157,495
    $38,209,395
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
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      11,840 SF

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      OFFICE BUILDING
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    • Value Estimation
      $2,510,000
      13,740 SF

      801 Ygnacio Vly Rd

      OFFICE BUILDING
      801 Ygnacio Vly Rd, Walnut Creek, CA 94596-3871
      View Details
    • Value Estimation
      $4,965,000
      20,067 SF

      1400 Civic Dr

      OFFICE BUILDING
      1400 Civic Dr, Walnut Creek, CA 94596-4127
      View Details
    • Value Estimation
      $2,785,000
      9,945 SF

      1700 Main St

      OFFICE BUILDING
      1700 Main St, Walnut Creek, CA 94596-4105
      View Details
    • Value Estimation
      $17,410,000
      94,071 SF

      1470 Maria Ln

      OFFICE BUILDING
      1470 Maria Ln, Walnut Creek, CA 94596-5343
      View Details
    • Value Estimation
      $4,975,000
      29,439 SF

      1801 Oakland Blvd Ste, Unit 315

      OFFICE BUILDING
      1801 Oakland Blvd Ste, Walnut Creek, CA 94596-7017
      View Details

    Similar Nearby for Sale

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      Walnut Creek Office Building

      Office building for sale in Walnut Creek, California.
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      12,000 SF

      Downtown Walnut Creek Office Building

      Three-story office building in downtown Walnut Creek with surface parking.
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      20,198 SF

      Fully Leased Retail/Office Building

      Two-story, 20,198 SF retail/office building in Walnut Creek, CA.
      2099 Mt Diablo Blvd, Walnut Creek, CA 94596
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      2,701 SF

      Walnut Creek Stand-Alone Office

      Three-level office building near BART and downtown Walnut Creek.
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      7,875 SF

      Walnut Creek Office Space

      7,875 SqFt office space available for sale.
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      View Details

    Similar Nearby for Lease

    • $2 SF/Yr

      Prime Office Space Near Downtown

      Three-story office building with high visibility and convenient freeway access.
      1901 Olympic Blvd, Walnut Creek, CA 94596
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      Class A Office Building

      Four-story office building with gym, parking, and highway access.
      1600 Riviera Ave, Walnut Creek, CA 94596
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      2,917 SF

      Downtown Walnut Creek Office Space

      Two-story office building in downtown Walnut Creek for lease.
      1700 N Main St, Walnut Creek, CA 94596
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      Class A Office Complex

      Three-building office complex near Walnut Creek BART station.
      1990 North California Blvd, Walnut Creek, CA 94596
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    • $4 SF/Yr
      77,408 SF

      Walnut Creek Office Space

      Office space for rent in Walnut Creek.
      2033 North Main St, Walnut Creek, CA 94596
      View Details
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    Walnut Creek, CA 94596
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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.

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