Office Condominium with
For Sale
$399,000
101 Gregory Lane, Pleasant Hill, CA 94523
The commercial-zoned suite includes bathroom facilities and a washer and dryer.
Property Size887 SF
Price / SF$449.83
Days on Market232
Property Features for 101 Gregory Lane
General Information
Standard status
Active
Size
887 SF
Property subtype
Commercial
Zoning
Comm
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Property Use
Office
Amenities
washer/dryer
Building Details
Building Size
887 SF
Year Built
1980
Listing Agency:
Calhomes
Listed By:
Ramana Reddy · License #01348354
(408) 242-9838
Source:
Equityfirstre
Added: Mar 6
Changed: Oct 23
Last Checked: Oct 23 at 3:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Calhomes
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office condominium was built in 1980 and includes bathroom facilities, a washer and dryer, and HOA amenities. Its commercial zoning supports office use, and the space has accommodated a salon as well as other business uses.
The property is across from Pleasant Hill City Hall, a few blocks from downtown, City Park, and the Senior Center. Pleasant Hill BART and freeway access are nearby.
The property is across from Pleasant Hill City Hall, a few blocks from downtown, City Park, and the Senior Center. Pleasant Hill BART and freeway access are nearby.
Key Highlights
- Commercial zoning
- Bathroom facilities and washer/dryer
- HOA amenities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,038
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,760
$320.8K
Cap Rate 7%
$229,114
$229.1K
Cap Rate 9%
$178,200
$178.2K
Market Conditions
NOI Build-Up for 887 SF
Gross rent
$26.1K $29.40/SF
− Vacancy
−$4.7K −$5.29/SF
EGI
$21.4K $24.11/SF
− OpEx
−$5.3K −$6.03/SF
NOI
$16.0K $18.08/SF
Area
Contra Costa County, CA
Vacancy
18.00%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,760
Cap Rate 7%
$229,114
Cap Rate 9%
$178,200
Alternative Uses
Best Use
Office B
$229.1K
$200.5K – $267.3K
NOI $16,038 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$335.3K
$293.4K – $391.2K
NOI $23,470 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,551
Businesses Nearby
Explore this area
Business Placement
Demographics for 94523, CA
35,272
Population
14,585
Households
2.4
Avg Household Size
42
Median Age
56%
College-Educated
96%
High-School Grad
7.2 sq mi
ZIP Area
4,899
Density / Sq Mi
$142,622
Median Household Income
$74,832
Median Earnings
$2,479
Median Rent
$1,038,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - The commercial-zoned suite includes bathroom facilities and a washer and dryer.
Where is this office unit located?
The property is located at 101 Gregory Lane Pleasant Hill, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Commercial zoning; Bathroom facilities and washer/dryer; HOA amenities
