Medical Office Condo in San
For Sale
$299,888
Pending
111 Deerwood Rd 360, San Ramon, CA 94583
671 SF medical/professional office condo in Deerwood Office Park.
Property Size671 SF
Days on Market107
Property Features for 111 Deerwood Rd 360
General Information
Standard status
Pending
Size
671 SF
Property subtype
Commercial
Building Details
Year Built
1984
Stories
3
Listing Agency:
(408) 464-6442
Listed By:
Khalid Mahmud
(408) 464-6442
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 8 at 6:51AM
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 Khalid Mahmud
Investment Insights
Based on property information with market context.
This 671 square foot medical/professional office condo is located in Deerwood Office Park II. Suite 360 is suitable for medical practices, therapy, or professional services. The layout includes a lobby area, three offices, and a kitchenette. The suite is situated in a 3-story mirrored glass building overlooking a garden atrium with a water fountain. The interior features 11-foot unfinished ceilings. Building amenities include a tenant conference center, ADA-compliant elevators, and common restrooms on each floor. The association completed over $175,000 in ADA infrastructure and parking lot upgrades in 2025. Unit owners have non-exclusive parking rights at 1 space per 250 square feet. The property is located less than 1 mile from I-680 and Crow Canyon Road, and is close to San Ramon Regional Medical Center. The $5 billion Bishop Ranch Orchards project, which will bring 2,510 new residential units and mixed-use amenities, is located nearby. This property is suitable for owner-users or investors seeking a high-utility asset.
Key Highlights
- Prime location in Deerwood Office Park II, less than 1 mile to I‑680 and Crow Canyon Rd, near San Ramon Regional Medical Center.
- Flexible 671 SF layout with a welcoming lobby, three spacious offices, and a kitchenette, suitable for various medical or professional uses.
- Located in a prestigious, professionally managed building with a tenant conference center, ADA‑compliant elevators, and common restrooms.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,132
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$242,640
$242.6K
Cap Rate 7%
$173,314
$173.3K
Cap Rate 9%
$134,800
$134.8K
Market Conditions
NOI Build-Up for 671 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$19.7K $29.40/SF
− Vacancy
−$3.6K −$5.29/SF
EGI
$16.2K $24.11/SF
− OpEx
−$4.0K −$6.03/SF
NOI
$12.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$242,640
Cap Rate 7%
$173,314
Cap Rate 9%
$134,800
Alternative Uses
Best Use
Office B
$173.3K
$151.7K – $202.2K
NOI $12,132 @ 7.0% cap · market cap 4.05%
Second Best
Healthcare Medical
$142.1K
$124.3K – $165.8K
NOI $9,946 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$253.6K
$221.9K – $295.9K
NOI $17,755 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,646
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94583, CA
38,444
Population
14,208
Households
2.7
Avg Household Size
41
Median Age
64%
College-Educated
97%
High-School Grad
21.2 sq mi
ZIP Area
1,813
Density / Sq Mi
$184,033
Median Household Income
$97,697
Median Earnings
$2,973
Median Rent
$1,234,400
Median Home Value
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 671 SF medical/professional office condo in Deerwood Office Park.
Where is this medical office space located?
The property is located at 111 Deerwood Rd 360 San Ramon, CA.
What is the asking price?
The asking price for this property is $299,888.
What are key features of this property?
This property features: Prime location in Deerwood Office Park II, less than 1 mile to I‑680 and Crow Canyon Rd, near San Ramon Regional Medical Center.; Flexible 671 SF layout with a welcoming lobby, three spacious offices, and a kitchenette, suitable for various medical or professional uses.; Located in a prestigious, professionally managed building with a tenant conference center, ADA‑compliant elevators, and common restrooms.
