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Property profile & analytics
OFF-MARKET
Estimated value
$91,385,000
Office buildings
2033 Main St Walnut Creek, CA 94596-3722
Entity Owned
~
Est. High Equity
Property ID
US10-2285902
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
CONCRETE
Total area
189,405 SF
Lot
1.12 ac (48,700 SF)
APN
174-171-032-9
UPID
US10-2285902
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
-
Avery Dennison Corporation Industrial Manufacturer Production Facility
-
Novogradac & Company LLP Accounting Firm
-
Talbot Law Group, P.C. Law Firm
-
Wolfe & Wyman LLP Law Firm
-
Buchman Provine Brothers Smith LLP: Roger Brothers Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$56.20M
Comparable Approach
Comparable
$87.34M
Blend (final)
Blend
$91.39M
Owner & transaction history
Ygnacio Henry LLC
Ygnacio Henry LLC
since 2026
Last sale
$111.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$96.5M
+17.6%
Apartment house (5+ units)
$95.8M
+16.8%
Restaurant
$82.8M
+1.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$60,880,000
6.5%
$56,200,000
7%
$52,185,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$82,005,000
Current use
RETAIL STORES
$96,450,000
Change: +18% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$95,770,000
Change: +17% · Conversion: Easy
RESTAURANT
$82,825,000
Change: +1% · Conversion: Moderate
MEDICAL BUILDING
$68,795,000
Change: -16% · Conversion: Easy
COMMERCIAL (GENERAL)
$65,925,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$91.39M
Range $82.25M – $100.52M · ±10% · vs last sale $111.00M (Feb 20 2025)
Last sale anchor
$111.00M
Feb 20 2025
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
$482 / 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
$599,910
Tax year 2024
Assessed value
$53,298,000
Assessed 2024
Previous assessed
$53,298,000
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$17,741,200
Assessed improvement
$35,556,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
43
Rooms
43
Total area
189,405 SF
Lot
1.12 ac (48,700 SF)
APN
174-171-032-9
UPID
US10-2285902
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
OFFICE BUILDING Current
Est. value
$82.0M
RETAIL STORES
Est. value
$96.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$95.8M
RESTAURANT
Est. value
$82.8M
MEDICAL BUILDING
Est. value
$68.8M
COMMERCIAL (GENERAL)
Est. value
$65.9M
OFFICE BUILDING Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL 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
1985
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
43
Rooms
43
Lot
1.12 ac
Current owner
From public records · entity-resolved
Ygnacio Henry LLC
Entity
Mailing address
2033 N MAIN ST, WALNUT CREEK, CA 94596-3722
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2026
$521,000
Ygnacio Henry LLC
Ygnacio Calps I A LLC
Grant Deed
—
Jul 9, 2025
—
Ygnacio Calps III LLC
—
Deed
related
$5,000,000 · Farmers & Merchants Bank Of Central Cali
May 20, 2025
$111,000,000
Ygnacio Calps I A LLC
Ygnacio Center Owner LLC
Grant Deed
—
Oct 11, 2018
$210,517,000
Ygnacio Center Owner LLC
I&g Ygnacio Land INC
Grant Deed
$167,200,000
Jul 11, 2018
$24,000,000
I & G Ygazcio Land INC
Lucas Trust
Grant Deed
—
May 5, 2016
$54,530,000
I & G Ygnacio II INC
Legacy III Walnut Creek II LLC
Grant Deed
$107,770,000 · Miscellaneous Ins Co
Feb 17, 2011
—
Legacy III Walnut Creek I LLC
—
Deed Of Trust
related
$125,400,000 · Hypro R/e Capital Corp
Mar 27, 2008
$49,000,000
Legacy III Walnut Creek II LLC
Fidelity Walnut Creek
Grant Deed
—
Mar 27, 2008
—
Legacy III Walnut Creek I LLC
—
Deed Of Trust
related
$125,400,000 · Hypro R/e Capital Corp
Jan 24, 2002
—
Lucas Trust
Lucas,robert T & Rosemary
Quit Claim Deed
related
—
Dec 4, 1995
—
Long Trust
Long,douglas A & Beverly A
Quit Claim Deed
related
—
Oct 27, 1995
—
Lawrence J Lucas
Lucas,lawrence J
Quit Claim Deed
related
—
Oct 23, 1995
—
Robert T Lucas
Lucas Trust
Quit Claim Deed
related
—
Feb 1, 1994
—
Walnut Creek LP Fidelity
Western Federal
Grant Deed
related
—
—
—
Legacy III Walnut Creek II LLC
—
Deed Of Trust
related
$127,700 · General Elec Cap
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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