1802 San Miguel DrWalnut Creek, CA 94596
- Healthcare properties
- 2,139 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].