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Property profile & analytics
OFF-MARKET
Estimated value
$11,880,000
Office buildings
401 Lennon Ln Walnut Creek, CA 94598-2416
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-4955679
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Total area
43,104 SF
Lot
1.66 ac (72,310 SF)
APN
143-020-026-9
UPID
US09-4955679
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
-
Travelers Insurance Agency
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.60M
CAP Approach
CAP
$12.79M
Comparable Approach
Comparable
$15.36M
Blend (final)
Blend
$11.88M
Owner & transaction history
Galaxy Properties I LP · 3 yrs held
Galaxy Properties I LP
since 2022
Last sale
$12.1M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$19.5M
+4.6%
Restaurant
$18.9M
+1.0%
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
$15,040,000
ML approach
$10,595,000
CAP Approach
CAP Return
Estimation
6%
$13,855,000
6.5%
$12,790,000
7%
$11,875,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$18,665,000
Current use
APARTMENT HOUSE (5+ UNITS)
$19,530,000
Change: +5% · Conversion: Easy
RESTAURANT
$18,850,000
Change: +1% · Conversion: Moderate
MEDICAL BUILDING
$15,655,000
Change: -16% · Conversion: Easy
COMMERCIAL (GENERAL)
$15,005,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$11.88M
Range $10.69M – $13.07M · ±10% · vs last sale $12.07M (Aug 31 2022)
Last sale anchor
$12.07M
Aug 31 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
$276 / 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
$64,487
Tax year 2024
Assessed value
$5,408,754
Assessed 2024
Previous assessed
$5,408,754
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,475,124
Assessed improvement
$3,933,630
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1983
Heating
NONE
Stories
1
Units
1
Rooms
1
Total area
43,104 SF
Lot
1.66 ac (72,310 SF)
APN
143-020-026-9
UPID
US09-4955679
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
OFFICE BUILDING Current
Est. value
$18.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$19.5M
RESTAURANT
Est. value
$18.9M
MEDICAL BUILDING
Est. value
$15.7M
COMMERCIAL (GENERAL)
Est. value
$15.0M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
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
1983
Heating
NONE
Stories
1
Units
1
Rooms
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
Galaxy Properties I LP
Entity
Mailing address
700 DRESHER RD STE #150, HORSHAM, PA 19044-0138
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2022
$12,069,000
Galaxy Properties I LP
Cole Ofc Walnut Creek Ca LP
Grant Deed
$736,000,000 · Jpmorgan Chase Bank NA
Mar 28, 2017
$14,600,000
Cole Ofc Walnut Creek Ca LP
St Paul Fire & Marine Insuranc
Grant Deed
—
Jan 13, 2004
—
St Paul Properties INC
Itw Mortgage Investments III
Grant Deed
related
—
Nov 7, 2000
—
Itw Mortgage Investments III
Fair Oak LLC
Grant Deed
related
—
Aug 6, 1998
—
Lennon Lane Associates LLC
Beverly Carlton Associates LLC
Grant Deed
$8,200,000 · Bear Stearns Mortgage Co
Jan 16, 1998
—
Beverly Carlton Associates LLC
Great-west Life Annuity Co
Grant Deed
$7,900,000 · East West 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.
Try Rey
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