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Property profile & analytics
OFF-MARKET
Estimated value
$18,535,000
Medical Office Space
2637 Shadelands Dr Walnut Creek, CA 94598-2512
Entity Owned
Free & Clear
Property ID
US09-2745219
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1981
Total area
85,248 SF
Lot
5.99 ac (260,924 SF)
APN
143-040-090-1
UPID
US09-2745219
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. Kristina Kramer, MD - BASS Medical Group Physician
-
Dr. Andrew Smith, MD, a BASS Medical Group Physician Physician Medical Clinic
-
BASS Bariatric Surgery Center Physician
-
Dr. Jason F. Moy, MD, FACS Physician
-
Dr. Jonathan L. Chin, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.44M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.54M
Owner & transaction history
Bass Medical Group
Bass Medical Group
since 2026
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%
$21,060,000
6.5%
$19,440,000
7%
$18,050,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$29,670,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$18.54M
Range $16.68M – $20.39M · ±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
$217 / 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
$537,187
Tax year 2024
Assessed value
$45,503,182
Assessed 2024
Previous assessed
$45,503,182
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$14,928,268
Assessed improvement
$30,574,914
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
1981
Heating
NONE
Stories
1
Units
1
Rooms
1
Total area
85,248 SF
Lot
5.99 ac (260,924 SF)
APN
143-040-090-1
UPID
US09-2745219
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
COMMERCIAL (GENERAL)
Est. value
$29.7M
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
1981
Heating
NONE
Stories
1
Units
1
Rooms
1
Lot
5.99 ac
Current owner
From public records · entity-resolved
Bass Medical Group
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2026
—
Bass Medical Group
Mmac 150 Bass Shadelands Ca LLC
Deed
—
Feb 18, 2026
—
Mmac 150 Bass Shadelands Ca LLC
—
Deed
related
$137,700,000 · Capital One Bank NA
Jan 15, 2020
—
Mmac 150 Bass Shadelands Ca Ll
—
Deed
related
$45,203,822 · Capital One Nat'l Assn
Dec 13, 2019
—
Mmac 150 Bass Shadelands Ca Ll
—
Loan Modification
related
$31,484,000 · Capital One NA
May 13, 2019
$41,000,000
Mmac 150 Bass Shadelands Ca LLC
Bass Medical Building LLC
Grant Deed
$31,484,000 · Capital One Bank NA
May 7, 2019
—
Bass Medical Building LLC
—
Grant Deed
related
$20,300,000 · Western Alliance Bk
May 12, 2017
—
Bass Medical Building LLC
—
Trustees Deed
related
$6,650,000 · Western Alliance Bk
Jun 6, 2016
$7,900,000
Bass Medical Building LLC
Sfi Shadelands Walnut Creek LLC
Grant Deed
$6,075,000 · Western Alliance Bank
Jan 31, 2011
—
Sfi Shadelands-walnut Creek
Istar Hq I LP
Grant Deed
—
Feb 18, 2009
—
Istar Hq I
Istar Ctl Shadelands-walnut Cr
Quit Claim Deed
—
May 13, 2008
—
Istar Ctl Shadelands-walnut Cr
Istar Hq I
Quit Claim Deed
—
Sep 18, 2001
—
Mark T Scheberies
Schmugler,beatrice
Quit Claim Deed
related
—
—
—
Mmac 150 Bass Shadelands Ca Ll
—
Loan Modification
related
$45,203,822 · Capital One Nat'l Assn
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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