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Property profile & analytics
FOR LEASE
Office buildings
3003 Oak Rd Walnut Creek, CA 94597
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2752243
For Lease
1 / 2
$21,310,000
3003 Oak Rd, Walnut Creek, CA 94597
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Total area
194,606 SF
Lot
2.25 ac (98,010 SF)
Zoning code
P-1
APN
148-480-011-3
UPID
US09-2752243
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. Diane Kwan, MD Physician
-
Fusion Academy Walnut Creek High School
-
Arch Mortgage Insurance Company Financial Advisor Insurance Agency
-
Dr. Eugenia Kang, MD Physician
-
Epic Care CyberKnife Medical Group Hematologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.51M
Blend (final)
Blend
$21.31M
Owner & transaction history
Menlo Land & Capital Xia LLC · 1 yrs held
Menlo Land & Capital Xia LLC
since 2025
Last sale
$22.5M
5 recorded transactions
Zoning & alternative use
P-1 · Walnut Creek, CA
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
$22,725,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$21.31M
Range $19.18M – $23.44M · ±10% · vs last sale $22.50M (May 1 2025)
Last sale anchor
$22.50M
May 1 2025
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
$110 / 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
$541,121
Tax year 2024
Assessed value
$44,016,000
Assessed 2024
Previous assessed
$44,016,000
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$7,974,700
Assessed improvement
$36,041,300
Applied tax rate
79.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2002
Heating
NONE
Stories
1
Total area
194,606 SF
Lot
2.25 ac (98,010 SF)
Zoning code
P-1
APN
148-480-011-3
UPID
US09-2752243
Jurisdiction
CONTRA COSTA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
P-1 · Walnut Creek, CA
Zoning P-1 · permitted uses
P-1 · 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.
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Stories
1
Lot
2.25 ac
Current owner
From public records · entity-resolved
Menlo Land & Capital Xia LLC
Entity
Mailing address
44 MONTGOMERY ST STE #1910, SAN FRANCISCO, CA 94104-4706
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2025
$22,500,000
Menlo Land & Capital Xia LLC
55 Oakwc Owner LLC
Grant Deed
$19,625,000 · Poppy Bank
Jan 16, 2019
—
55 Oakwc Owner LLC
—
Grant Deed
related
$54,500,000 · Wells Fargo Bk
Jun 29, 2017
$66,000,000
55 Oakwc Owner LLC
Pmi Plaza LLC
Grant Deed
$50,960,000 · Citizens Bank NA
Dec 3, 2002
—
Pmi Plaza LLC
Pmi Mortgage Insurance Co
Quit Claim Deed
related
—
Apr 27, 2000
$7,000,000
Metropolitan Life Insurance
Main Street Holdings LLC
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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