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Property profile & analytics
OFF-MARKET
Estimated value
$2,340,000
Apartment buildings
2708 Jones Rd Walnut Creek, CA 94597-2861
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-2938488
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1970
Construction
WOOD FRAME
Total area
4,822 SF
Lot
0.29 ac (12,640 SF)
Zoning code
M-17
APN
172-012-017-7
UPID
US09-2938488
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.23M
Blend (final)
Blend
$2.34M
Owner & transaction history
John E Charlot · 4 yrs held
John E Charlot
since 2022
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
M-17 · Walnut Creek, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.6M
+18.8%
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
$2,410,000
ML approach
$2,360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,185,000
Current use
RETAIL STORES
$2,595,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$2,090,000
Change: -4% · Conversion: Moderate
MEDICAL BUILDING
$1,750,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$2.34M
Range $2.11M – $2.57M · ±10% · vs last sale $2.30M (Mar 11 2022)
Last sale anchor
$2.30M
Mar 11 2022
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
$485 / 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
$30,176
Tax year 2024
Assessed value
$2,392,920
Assessed 2024
Previous assessed
$2,392,920
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$520,200
Assessed improvement
$1,872,720
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1970
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
5
Rooms
5
Total area
4,822 SF
Lot
0.29 ac (12,640 SF)
Zoning code
M-17
APN
172-012-017-7
UPID
US09-2938488
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
M-17 · Walnut Creek, CA
Zoning M-17 · permitted uses
M-17 · Walnut Creek, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Walnut Creek. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.2M
RETAIL STORES
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
OFFICE BUILDING
MEDICAL 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
1970
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
5
Rooms
5
Lot
0.29 ac
Current owner
From public records · entity-resolved
John E Charlot
Individual
Mailing address
PO BOX 2102, WALNUT CREEK, CA 94595-0102
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2022
$2,300,000
John E Charlot
Lisa Oreen Stearns
Grant Deed
$1,250,000 · First Republic Bank
Mar 11, 2022
—
Lisa Oreen Stearns
Stephanie S Capone
Correction Deed
related
—
Dec 16, 2021
—
Lisa Oreen Stearns
David Stearns
Affidavit Of Death Of Joint Tenant
related
—
Jun 13, 2019
—
Stearns Family Trust
Stearns,david & David M
Quit Claim Deed
related
—
Aug 24, 2016
—
David Stearns
Stearns,merilyn B
Affidavit Of Death
related
—
Aug 22, 2016
—
Property Stephenie C S Trust
Capone,stephanie S
Grant Deed
related
—
Sep 22, 2015
—
Stearns Family Trust
Stearns,david & Merilyn
Quit Claim Deed
related
—
Jul 7, 2015
—
David Stearns
Stearns LP
Quit Claim Deed
—
Dec 29, 2000
—
David Steams
Stearns Trust
Quit Claim Deed
related
—
Dec 13, 1995
—
Stearns Trust
Stearns,david & Merilyn
Quit Claim Deed
related
—
Dec 1, 1995
$490,000
David Stearns
Bradaric,eli & Anna
Grant Deed
—
Nov 21, 1989
$450,000
Eli Bradaric
Muller Family Tr
Grant Deed
$230,000 · World Savings & Loan
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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