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Property profile & analytics
OFF-MARKET
Estimated value
$17,230,000
Medical Office Space
2401 Shadelands Dr Walnut Creek, CA 94598-2494
Trust Owned
17-yr Hold
~
Est. High Equity
Property ID
US09-0371017
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1970
Total area
78,906 SF
Lot
5.46 ac (237,620 SF)
APN
143-040-091-9
UPID
US09-0371017
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
-
Motion Analysis Center: UCSF Benioff Children's Hospital Walnut Creek Hospital
-
Gait Laboratory: UCSF Benioff Children's Hospital Walnut Creek Hospital
-
Sports Medicine Center Walnut Creek: Children's Hospital Oakland Hospital Children's Hospital
-
Diagnostic Imaging, MRI, Radiology: UCSF Benioff Children's Hospital Walnut Creek Medical Clinic
-
Surgery Walnut Creek: UCSF Benioff Children's Hospital Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.00M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.23M
Owner & transaction history
Hill Mark Family Trust · 17 yrs held
Hill Mark Family Trust
since 2009
4 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%
$19,495,000
6.5%
$17,995,000
7%
$16,710,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$28,660,000
Current use
COMMERCIAL (GENERAL)
$27,465,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$17.23M
Range $15.51M – $18.95M · ±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
$218 / 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
$17,383
Tax year 2024
Assessed value
$44,132,535
Assessed 2024
Previous assessed
$44,132,535
+0.0% YoY
Effective rate
0.04%
On assessed value
Assessed land
$4,499,601
Assessed improvement
$39,632,934
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1970
Heating
NONE
Stories
1
Units
1
Rooms
7
Total area
78,906 SF
Lot
5.46 ac (237,620 SF)
APN
143-040-091-9
UPID
US09-0371017
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 Current
Est. value
$28.7M
COMMERCIAL (GENERAL)
Est. value
$27.5M
MEDICAL BUILDING Current
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
1970
Heating
NONE
Stories
1
Units
1
Rooms
7
Lot
5.46 ac
Current owner
From public records · entity-resolved
Hill Mark Family Trust
Trust
Mailing address
747 52ND ST, OAKLAND, CA 94609-1809
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2009
—
Hill Mark Family Trust
Castlerock II
Grant Deed
$7,194,712 · Hartford Ins Co/il
Apr 9, 2009
$7,555,500
Childrens Hospital & Research Center
Castlerock II
Grant Deed
—
May 28, 2004
—
Castlerock II
Thomas-hall LLC
Grant Deed
$7,700,000 · Key Bank NA
Sep 25, 1998
$400,000
Thomas-hall LLC
Bingham Trust
Grant Deed
$5,300,000 · Mechanics National Bank
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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