Versatile Office Condo in Pleasant
For Sale
$399,000
101 Gregory Ln Unit 29, Pleasant Hill, CA 94523
Office condo with prime location and luxurious amenities.
Property Size887 SF
Price / SF$449.83
Days on Market204
Property Features for 101 Gregory Ln Unit 29
General Information
Standard status
Active
Size
887 SF
Building Details
Year Built
1980
Listing Agency:
Calhomes
Listed By:
Ramana Reddy · License #01348354
(408) 242-9838
Source:
Myfabuloushome
Added: Mar 24
Changed: Oct 5
Last Checked: Oct 7 at 2:01PM
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
Investment Insights
Based on property information with market context.
This 887 square foot office condo in Pleasant Hill offers an exceptional opportunity for businesses seeking an ideal location and versatile space. The property is custom designed and can accommodate a range of businesses, including CPAs, attorneys, realtors, psychologists, and salons. The space includes bathroom facilities and washer/dryer hookups. The building is strategically located directly across from the Pleasant Hill City Hall and a few blocks from Downtown, City Park, and the Senior Center. It also offers easy access to the Pleasant Hill BART station and freeway access. The property was most recently used as a hair salon. The HOA provides amenities.
Key Highlights
- Prime location directly across from Pleasant Hill City Hall and near Downtown, City Park, and the Senior Center.
- Easy access to Pleasant Hill BART and freeway.
- Versatile space suitable for various businesses.
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.
How Realmo checks its estimates
Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Office condo with prime location and luxurious amenities.
Where is this office units located?
The property is located at 101 Gregory Ln Unit 29 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: Prime location directly across from Pleasant Hill City Hall and near Downtown, City Park, and the Senior Center.; Easy access to Pleasant Hill BART and freeway.; Versatile space suitable for various businesses.
