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    Property profile & analytics

    31 Panoramic Way Walnut Creek, CA 94595-1627

    • Office buildings
    • 3,888 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Jun 03, 2022
    $1,815,000
    Value Estimations
    $1,930,000
    Show details
    Cap Rate Potential
    3.3%
    Office buildings
    Location Intelligence
    Property ID
    US09-1979095
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Stuart A Bussey Inc: Bussey Stuart A MD / Pediatrician / Physician
    • Geoffrey A. Smith, MD, FACS / Medical Clinic
    • Better Hearing Center / Physician
    • Post-Trauma Treatment Associates / Physician / Alternative Medicine Practice
    • Dr. Bussey / Pediatrician / Physician

    Property Details for 31 Panoramic Way

    Year built
    1981
    Construction
    WOOD FRAME
    Lot size
    0.23 lot acres
    Property size
    3,888 SF
    Zone code
    N-B
    Property type
    Office buildings
    APN
    184-311-022-0
    APU
    1843110220

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,260,000
      ML approach
      $2,220,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,320,000
      Market price range: $682k - $2.32M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,685,000
      Current use
      RETAIL STORES
      $2,090,000
      Change: +24% Conversion: Moderate
      MEDICAL BUILDING
      $1,410,000
      Change: -16% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,355,000
      Change: -20% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Walnut Creek
    County
    Contra Costa
    State
    California
    Longitude
    -122.077
    Latitude
    37.8848
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $22,019
    $847,926
    $1,040,400
    $1,888,326
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $980,000
      3,269 SF

      43 Panoramic Way

      OFFICE BUILDING • 3,269 SF
      43 Panoramic Way, Walnut Creek, CA 94595-1605
      View Details
    • Value Estimation
      $4,075,000
      8,144 SF

      2221 Olympic Blvd

      OFFICE BUILDING • 8,144 SF
      2221 Olympic Blvd, Walnut Creek, CA 94595-1623
      View Details
    • Value Estimation
      $2,385,000
      9,100 SF

      1218 Rossmoor Pkwy

      OFFICE BUILDING • 9,100 SF
      1218 Rossmoor Pkwy, Walnut Creek, CA 94595-2501
      View Details
    • Value Estimation
      $1,040,000
      4,731 SF

      1620 Tice Vly Blvd

      OFFICE BUILDING • 4,731 SF
      1620 Tice Vly Blvd, Walnut Creek, CA 94595-1652
      View Details
    • Value Estimation
      $980,000
      6,957 SF

      1661 Tice Vly Blvd

      OFFICE BUILDING • 6,957 SF
      1661 Tice Vly Blvd, Walnut Creek, CA 94595-1692
      View Details
    • Value Estimation
      $620,000
      2,428 SF

      1176 Blvd Way

      OFFICE BUILDING • 2,428 SF
      1176 Blvd Way, Walnut Creek, CA 94595-1153
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,428 SF

      Walnut Creek Owner-User Office

      Small office building with ground floor flex space.
      1176 Boulevard Way, Walnut Creek, CA 94595
      View Details
    • $800,000
      5.66 Acres

      Walnut Creek Hillside Land Parcel

      5.66 acres in Tice Valley, ideal for custom estate.
      283 Castle Hill Ranch Rd, Walnut Creek, CA 94595
      View Details
    • $2,100,000
      5,924 SF

      Retail Property in Walnut Creek

      Fully leased retail property with income stream in Walnut Creek.
      1326 Boulevard Way, Walnut Creek, CA 94595
      View Details
    • $2,500,000
      1.25 Acres

      Walnut Creek Land with Development Potential

      1.25-acre parcel zoned R-10 near Downtown Walnut Creek.
      1690 Newell Ave, Walnut Creek, CA 94595
      View Details
    • Contact for pricing
      28,974 SF

      Walnut Creek Redevelopment Opportunity

      Redevelopment opportunity in established senior living hub.
      1220 Rossmoor Pkwy, Walnut Creek, CA 94595
      View Details
    • Contact for pricing
      17,695 SF

      NNN Leased Retail Investment Opportunity

      NNN leased to Savers with approximately 7 years remaining.
      1997 Tice Valley Blvd, Walnut Creek, CA 94595
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Updated Office Space For Lease

      Office space for lease near Rossmoor Shopping Center.
      1874 Tice Valley Blvd, Walnut Creek, CA 94595
      View Details
    • Contact for pricing
      38 SF

      Retail Space in Walnut Creek

      Grocery-anchored retail center with national tenants, 2,731 square feet.
      1970 Tice Valley Blvd, Walnut Creek, CA 94595
      View Details
    • Contact for pricing
      3,698 SF

      Prominent Retail Suite for Lease

      Ground floor suite with high visibility and flexible zoning.
      1800-1896 Tice Valley Blvd, Walnut Creek, CA 94595
      View Details
    • Contact for pricing
      1,690 SF

      Retail Space in Walnut Creek

      Retail space for lease in grocery-anchored shopping center.
      1960 Tice Valley Blvd, Walnut Creek, CA 94595
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Walnut Creek

      Grocery-anchored retail center with national tenants.
      1908 Tice Valley Blvd, Walnut Creek, CA 94595
      View Details
    • Contact for pricing
      5,225 SF

      Freestanding Building with Drive-Thru

      Freestanding building with existing drive-thru and ample parking.
      1200 Rossmoor Pkwy, Walnut Creek, CA 94595
      View Details
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    Walnut Creek, CA 94595-1627
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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