1802 San Miguel DrWalnut Creek, CA 94596

  • Healthcare properties
  • 2,139 SF
For Sale
$1,600,000 View listing

Property Details for 1802 San Miguel Dr

Year built
1968
Lot size
0.05 AC
Property size (Sq ft)
2,139 SF
Property type
Healthcare properties
Property subtype
Medical offices
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
1802 San Miguel Dr, Walnut Creek, California

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

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
$21,250
$536,099
$428,879
$964,978
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