1802 San Miguel DrWalnut Creek, CA 94596

Property Details for 1802 San Miguel Dr

Year built

1968

Lot size

0.05 AC

Property size (Sq ft)

2,139 SF

Property type

Medical offices

Property subtype

Medical centers

APN

180-380-001-8

APU

1803800018

Description

This 2,302 square foot medical office building in Walnut Creek, CA, is offered at $1,600,000 ($695.05/SF). Built in 1968, this single-story, Class C building boasts six exam/treatment rooms, a waiting room, reception area, prep room, executive office with private restroom, two additional restrooms, and a lab/prep area. Two spacious yard areas and abundant natural light enhance the space. The property features ample parking (6 spaces per 1,000 sq ft) and is conveniently located near downtown Walnut Creek within a well-established medical park. Currently 100% occupied, it offers a 3.50% cap rate. The HOA covers utilities and exterior maintenance. The building is restricted to medical and dental uses per the CC&Rs. This owner/user investment opportunity is ideal for medical professionals, dentists, or medical spa businesses seeking a turnkey operation. The property includes 2,302 square feet of air rights. A 1031 exchange is a possible sale condition.

• CAP approach

  CAP return

  Valuation

  6%

  $987,923

  6.5%

  $911,929

  7%

  $846,791

• Comparable approach

  Method

  Valuation

  Relative Method

  $706,498

  Geo Method

  $596,588

• Alternative Use

  Use

  Valuation

  Residential

  $1,130,792

  Hospitality

  $1,035,799

  Educational

  $861,773

  Medical

  $891,410

  Retail

  $1,340,535

Location Insight

City

Walnut Creek

County

Contra Costa

State

California

Latitude

37.8965

Longitude

-122.054

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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