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Property profile & analytics
OFF-MARKET
Estimated value
$24,985,000
Medical Office Space
2625 Shadelands Dr Walnut Creek, CA 94598-2512
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1277176
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1978
Total area
60,000 SF
Lot
5.12 ac (223,027 SF)
APN
143-040-089-3
UPID
US09-1277176
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
-
Dr. John M. Kronick Physician
-
Dr. David Nelles Physician
-
Dr. Leo A. Calafi Physician
-
Dr. Charles F. Preston Physician
-
Dr. Michael G. Michlitsch Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$25.94M
Blend (final)
Blend
$24.99M
Owner & transaction history
2625 Shadelands Icjv LLC · 5 yrs held
2625 Shadelands Icjv LLC
since 2020
Last sale
$23.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$32.3M
+48.1%
Apartment house (5+ units)
$27.2M
+24.7%
Restaurant
$26.2M
+20.4%
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
$27,610,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$21,795,000
Current use
RETAIL STORES
$32,280,000
Change: +48% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$27,185,000
Change: +25% · Conversion: Moderate
RESTAURANT
$26,235,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$25,980,000
Change: +19% · Conversion: Easy
COMMERCIAL (GENERAL)
$20,885,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$24.99M
Range $22.49M – $27.48M · ±10% · vs last sale $23.20M (Nov 13 2020)
Last sale anchor
$23.20M
Nov 13 2020
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
$416 / 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
$303,134
Tax year 2024
Assessed value
$24,614,719
Assessed 2024
Previous assessed
$24,614,719
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$8,754,966
Assessed improvement
$15,859,753
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
1978
Heating
NONE
Stories
1
Units
4
Rooms
1
Total area
60,000 SF
Lot
5.12 ac (223,027 SF)
APN
143-040-089-3
UPID
US09-1277176
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
$21.8M
RETAIL STORES
Est. value
$32.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$27.2M
RESTAURANT
Est. value
$26.2M
OFFICE BUILDING
Est. value
$26.0M
COMMERCIAL (GENERAL)
Est. value
$20.9M
MEDICAL BUILDING Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
OFFICE 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
1978
Heating
NONE
Stories
1
Units
4
Rooms
1
Lot
5.12 ac
Current owner
From public records · entity-resolved
2625 Shadelands Icjv LLC
Entity
Mailing address
5910 N CENTRAL EXPY STE #1400, DALLAS, TX 75206-5128
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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 13, 2020
$23,195,000
2625 Shadelands Icjv LLC
Bmp Shadelands LLC
Grant Deed
$80,742,250 · Capital One Bank NA
Jun 4, 2015
—
Bmp Shadelands LLC
Fre 574 LLC
Grant Deed
related
—
Nov 17, 2014
$61,209,000
Bmp Shadelands LLC
Fre 574 LLC
Grant Deed
—
Jun 13, 2014
$5,700,000
Fre 574 LLC
Trt Noip Shadelands Walnut Creek LP
Grant Deed
$9,500,000 · Fremont Bank
Jul 6, 2010
$6,041,500
Trt Noip Shadelands Walnut Creek LP
Istar Ctl Shadelands Walnut Creek L
Grant Deed
$443,030,000 · Wells Fargo Bank NA
May 13, 2008
—
Istar Ctl Shadelands-walnut Cr
Sfi I LLC
Grant Deed
$960,000,000 · General Electric Capital Corp
May 29, 2002
—
Star Hq I LP
Star Hq I Maryland
Quit Claim Deed
related
—
Aug 2, 2001
—
Sfii LLC
Trinet Essential Facilities X
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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