1855 Olympic BlvdWalnut Creek, CA 94596

Property Details for 1855 Olympic Blvd

Year built

1971

Lot size

1.48 AC

Property size (Sq ft)

38,304 SF

Property type

Office properties

Property subtype

Office buildings

APN

184-092-030-8

APU

1840920308

Description

This exceptional three-story office building, totaling 37,323 square feet, offers a prime location in the heart of Walnut Creek. Situated on a 1.51-acre lot at 1855 Olympic Blvd (cross street: N Buffalo Drive), this Contra Costa County property boasts convenient access to I-680 and Highway 24, placing businesses within easy reach of major transportation arteries. Built in 1974, the building provides multiple tenancy options, with spaces ranging from a minimum of 1,049 square feet to a maximum contiguous space of 3,378 square feet. Currently, 7,668 square feet of space is available for lease. The property features ample covered parking, with a ratio of 4 spaces per 1,000 square feet. Enjoy the benefits of a vibrant downtown location, within walking distance of Walnut Creek's thriving shopping and dining district. Building amenities include a reception area, private offices, storage space, and two conference rooms. This is an exceptional opportunity to establish a presence in a highly desirable and accessible location. The property offers aggressive lease rates.

• CAP approach

  CAP return

  Valuation

  6%

  $17,691,162

  6.5%

  $16,330,303

  7%

  $15,163,853

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,651,559

  Geo Method

  $10,683,369

• Alternative Use

  Use

  Valuation

  Residential

  $20,249,576

  Hospitality

  $18,548,502

  Educational

  $15,432,137

  Medical

  $15,962,872

  Retail

  $24,005,546

Location Insight

City

Walnut Creek

County

Contra Costa

State

California

Latitude

37.8954

Longitude

-122.064

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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