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Property profile & analytics
OFF-MARKET
Estimated value
$14,000,000
Retail space
2721 Main St Walnut Creek, CA 94597-2714
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-2803374
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1955
Total area
27,667 SF
Lot
0.97 ac (42,253 SF)
APN
171-092-025-5
UPID
US09-2803374
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
-
Speedy Auto Trasnport Trucking Company
-
Masses Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$14.00M
CAP Approach
CAP
$10.89M
Comparable Approach
Comparable
$11.07M
Blend (final)
Blend
$14.00M
Owner & transaction history
Fj Wc Rp LLC
Fj Wc Rp LLC
since 2026
Last sale
$14.0M
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
$14,000,000
ML approach
$14,000,000
CAP Approach
CAP Return
Estimation
6%
$11,790,000
6.5%
$10,885,000
7%
$10,105,000
Alternative Use
Use
Estimation
RETAIL STORES
$14,885,000
Current use
APARTMENT HOUSE (5+ UNITS)
$12,535,000
Change: -16% · Conversion: Difficult
RESTAURANT
$12,100,000
Change: -19% · Conversion: Easy
OFFICE BUILDING
$11,980,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$14.00M
Range $12.60M – $15.40M · ±10% · vs last sale $14.00M (Jun 13 2024)
Last sale anchor
$14.00M
Jun 13 2024
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
$506 / 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
$70,803
Tax year 2024
Assessed value
$5,985,000
Assessed 2024
Previous assessed
$5,985,000
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$4,225,000
Assessed improvement
$1,760,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1955
Heating
NONE
Buildings
3
Stories
1
Rooms
1
Total area
27,667 SF
Lot
0.97 ac (42,253 SF)
APN
171-092-025-5
UPID
US09-2803374
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
RETAIL STORES Current
Est. value
$14.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.5M
RESTAURANT
Est. value
$12.1M
OFFICE BUILDING
Est. value
$12.0M
RETAIL STORES Current
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
1955
Heating
NONE
Stories
1
Buildings
3
Rooms
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
Fj Wc Rp LLC
Entity
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2026
—
Fj Wc Rp LLC
Fj Wc Rp LLC
Grant Deed
related
—
Jun 13, 2024
$14,000,000
Fj Wc Rp LLC
Walnut Creek 2721 LLC
Grant Deed
$14,000,000 · Mercedes Benz Financial Services Us
Dec 15, 2022
—
Lacey Town Center LLC
—
Deed
related
$1,267,500 · The Richard Joseph Clancy And Clara Evan
Aug 30, 2017
—
Lacey Town Center LLC
—
Loan Modification
related
$1,500,000 · Farmers & Merchants Bk/ctrl Ca
Mar 27, 2015
—
Lacey Town Center LLC
Lacey Town Center LLC
Intrafamily Transfer
related
$1,500,000 · Farmers & Merchants Bank Of Central
Oct 1, 2014
$5,751,000
Lacey Town Center LLC
Hiland,richard K & Carolyn K
Grant Deed
—
Jul 1, 2004
—
Richard K Hiland
Kelleway,tr
Deed Of Trust
related
$1,800,000 · United Commercial Bank
Mar 13, 1996
—
Thomas F Kelleway
Kelleway,janet S
Quit Claim Deed
$750,000 · Imperial Thrift & Loan
Mar 27, 1972
—
Owner Name Unavailable
—
Grant Deed
related
—
—
—
Richard K Hiland
—
Deed Of Trust
related
$1,850,000 · Scott Valley 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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