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Property profile & analytics
FOR LEASE
Office buildings
2185 N California Blvd Walnut Creek, CA 94596
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3087738
For Lease
1 / 2
Contact for pricing
2185 N California Blvd, Walnut Creek, CA 94596
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
321,000 SF
Lot
3.26 ac (142,005 SF)
APN
174-150-065-4
UPID
US09-3087738
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
-
Foley & Mansfield, PLLP Law Firm
-
Alliant Insurance Services, Inc. Insurance Agency
-
Ascend Learning High School Vocational School
-
Go Erba Dispensary Online (Bike/Boat/Book/etc) Store
-
Mt Diablo Plaza Mgt Office Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$95.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$74.51M
Owner & transaction history
Sfii Mt Diablo Plaza LLC · 8 yrs held
Sfii Mt Diablo Plaza LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$103,180,000
6.5%
$95,245,000
7%
$88,440,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$116,590,000
Change: -16% · Conversion: Easy
COMMERCIAL (GENERAL)
$111,730,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$74.51M
Range $67.05M – $81.96M · ±10%
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
$232 / 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
$1,140,895
Tax year 2024
Assessed value
$102,720,000
Assessed 2024
Previous assessed
$102,720,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$14,925,100
Assessed improvement
$87,794,900
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
For Lease
Year built
1985
Heating
NONE
Stories
1
Total area
321,000 SF
Lot
3.26 ac (142,005 SF)
APN
174-150-065-4
UPID
US09-3087738
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
Est. value
$116.6M
COMMERCIAL (GENERAL)
Est. value
$111.7M
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
Heating
NONE
Stories
1
Lot
3.26 ac
Current owner
From public records · entity-resolved
Sfii Mt Diablo Plaza LLC
Entity
Mailing address
260 CALIFORNIA ST STE #1100, SAN FRANCISCO, CA 94111-4300
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Feb 21, 2024
—
Sf II Mt Diablo Plaza LLC
—
Deed
related
$10,231,305 · Wells Fargo Bank NA
Feb 20, 2024
—
Sfii Mt Diablo Plaza LLC
—
Deed
related
$12,844,624 · Wells Fargo Bank NA
Oct 5, 2017
$117,000,000
Sfii Mt Diablo Plaza LLC
Rreef America Reit II Corp Uuu
Grant Deed
$91,133,000 · Wells Fargo Bank NA
Apr 22, 2005
—
Rreef America Reit II Corp Uuu
Tr Mt Diablo Corp
Grant Deed
—
Mar 20, 2003
—
Tr Mt Diablo Corp
Metropolitan Life Insurance
Grant Deed
$31,631,000 · Wells Fargo Bank
Dec 31, 1990
—
Metropolitan Lif
Tishman Californ
Grant Deed
related
—
Jul 12, 1985
—
Owner Name Unavailable
—
Grant Deed
related
—
Jan 20, 1982
—
Owner Name Unavailable
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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