1840 San Miguel DrWalnut Creek, CA 94596

Property Details for 1840 San Miguel Dr

Year built

1979

Lot size

0.49 AC

Property size (Sq ft)

10,280 SF

Property type

Office properties

Property subtype

Office buildings

APN

180-020-057-6

APU

1800200576

Description

This exceptional Walnut Creek office property, Ridgecrest Professional Center, offers prime executive office space in a highly desirable location at 1840 San Miguel Drive, 94596. The two-story, 10,055 square foot building, constructed in 1980, sits on a 0.489-acre lot and boasts convenient access via Newell Hill Pl. Currently, there are multiple tenancies, with 3,623 square feet of vacant space available. Units range from a minimum of 1,223 square feet to a maximum contiguous space of 2,400 square feet, providing flexibility for various business needs. The building features ample parking with 28 spaces (a 3.00 space-per-unit ratio), and the convenience of elevators. Its classification as an Executive Office, Commercial, and Shopping Center space makes it ideal for a variety of professional uses. Located in Contra Costa County, this property presents a unique opportunity to establish a presence in the thriving Walnut Creek business community. The property's central location and modern amenities make it an attractive option for businesses seeking a prestigious and functional workspace. Don't miss this chance to secure your ideal office space in this well-maintained building.

• CAP approach

  CAP return

  Valuation

  6%

  $4,747,942

  6.5%

  $4,382,715

  7%

  $4,069,664

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,395,416

  Geo Method

  $2,867,195

• Alternative Use

  Use

  Valuation

  Residential

  $5,434,566

  Hospitality

  $4,978,034

  Educational

  $4,141,666

  Medical

  $4,284,104

  Retail

  $6,442,591

Location Insight

City

Walnut Creek

County

Contra Costa

State

California

Latitude

37.8956

Longitude

-122.053

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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