1211 Newell AveWalnut Creek, CA 94596

Property Details for 1211 Newell Ave

Year built

1974

Lot size

0.59 AC

Property type

Parking lots & garages

APN

183-260-020-7

APU

1832600207

Description

Newell Plaza, located at 1211 Newell Ave, Walnut Creek, CA 94596, offers exceptional executive office space in Contra Costa County. This 27,166 square foot building, constructed in 1975, features multiple tenancies and is situated on a 1.379-acre lot. Currently, there are 6,684 square feet of vacant space available, divisible into units as small as 1,584 square feet, with a maximum contiguous space of 5,100 square feet. The property provides ample parking with a ratio of 3.4 spaces per 1,000 square feet. The building's professional and executive office subtype makes it ideal for a variety of businesses. Its convenient location in Walnut Creek, near the cross street of El Mirador, offers easy access to local amenities and transportation. The property presents a unique opportunity for businesses seeking high-quality office space in a desirable location. The available space is adaptable to various business needs, offering flexibility for companies of different sizes. This prime location in Walnut Creek, combined with the building's features, makes Newell Plaza an attractive option for businesses seeking a prestigious and functional workspace. Interested parties should inquire about the available space and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $17,448,684

  6.5%

  $16,106,478

  7%

  $14,956,015

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,391,122

  Geo Method

  $18,063,328

• Alternative Use

  Use

  Valuation

  Residential

  $13,586,417

  Hospitality

  $12,445,085

  Educational

  $10,354,164

  Medical

  $10,710,260

  Retail

  $16,106,478

Location Insight

City

Walnut Creek

County

Contra Costa

State

California

Latitude

37.8931

Longitude

-122.052

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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