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Property profile & analytics
OFF-MARKET
Estimated value
$3,615,000
Retail space
2400 Olympic Blvd Walnut Creek, CA 94595-1517
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2977749
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Total area
11,720 SF
Lot
0.86 ac (37,244 SF)
Zoning code
N-B
APN
185-230-042-3
UPID
US09-2977749
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
-
Olympic Liquor & Grocery Grocery & Convenience Store
-
CosmoProf (Bike/Boat/Book/etc) Store Cosmetic Store
-
Precious Home Companion Home Health Care Service
-
Goodwill Donation Center Charitable Organization
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.61M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.62M
Owner & transaction history
Walnut Creek Investors LLC · 9 yrs held
Walnut Creek Investors LLC
since 2016
7 recorded transactions
Zoning & alternative use
N-B · Walnut Creek, CA
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%
$4,995,000
6.5%
$4,610,000
7%
$4,280,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,310,000
Change: -16% · Conversion: Difficult
RESTAURANT
$5,125,000
Change: -19% · Conversion: Easy
OFFICE BUILDING
$5,075,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$3.62M
Range $3.25M – $3.98M · ±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
$308 / 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
$70,466
Tax year 2024
Assessed value
$6,000,000
Assessed 2024
Previous assessed
$6,000,000
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,970,000
Assessed improvement
$4,030,000
Applied tax rate
98.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1987
Heating
NONE
Stories
1
Units
9
Rooms
9
Total area
11,720 SF
Lot
0.86 ac (37,244 SF)
Zoning code
N-B
APN
185-230-042-3
UPID
US09-2977749
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
N-B · Walnut Creek, CAZoning N-B · permitted uses
N-B · Walnut Creek, CA
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.3M
RESTAURANT
Est. value
$5.1M
OFFICE BUILDING
Est. value
$5.1M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
OFFICE BUILDING
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
1987
Heating
NONE
Stories
1
Units
9
Rooms
9
Lot
0.86 ac
Current owner
From public records · entity-resolved
Walnut Creek Investors LLC
Entity
Mailing address
1125 TROWBRIDGE WAY, DANVILLE, CA 94506-1272
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Nov 23, 2016
—
Island Dream Homes LLC
—
Deed
related
$3,100,000 · Heritage Bk/commerce
Aug 26, 2016
$5,050,000
Walnut Creek Investors LLC
Panagotacos,peter
Grant Deed
—
Aug 26, 2016
$5,500,000
Island Dream Homes LLC
Walnut Creek Investors LLC
Grant Deed
—
Sep 8, 1988
$2,475,000
Pete Panagotacos
The Village Grou
Grant Deed
$1,860,000 · Glendale Federal Bank
—
—
Peter J Panagotacos
—
Deed Of Trust
related
$1,760,000 · Westamerica Bank
—
—
Island Dream Homes LLC
—
Deed Of Trust
related
$3,100,000 · Heritage Bk/commerce
—
—
Peter J Panagotacos
—
Deed Of Trust
related
$1,650,000 · Westamerica Bank
Apr 18, 1969
—
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.
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