Medical Office Buildings Near
309-311 Lennon Lane Walnut Creek, CA 94598
309-311 Lennon Lane, Walnut Creek, CA, 94598
$3,799,999
For Sale
$3,799,999
Office/medical buildings near Kaiser Permanente & John Muir Medical Offices.
Property Size14,878 SF
Price / SF$255.41
Days on Market243
Property Features for 309-311 Lennon Lane
General Information
- Standard status
- Active
- Size
- 14,878 SF
- Property subtype
- Office
Listing agency
TRI Commercial | Walnut Creek
(925) 383-2379
Listed by
Matt Hatfield · License #CalDRE #01937755
(925) 383-2379
Source
Tricommercial
Added: Nov 21, 2025 Updated: Jul 6 at 8:37AM Checked: Jul 21 at 3:49AM
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 TRI Commercial | Walnut Creek
Investment Insights
Based on property information with market context.
Located in the medical submarket of Shadelands in Walnut Creek, 309-311 Lennon Lane consists of office and medical buildings. The property is suitable for investment or owner/user opportunities. The surrounding submarket supports major medical entities such as Kaiser Permanente, John Muir, BASS Medical, and Benioff Children’s Hospital. The Shadelands area offers dining and recreation destinations, including Heather Farm Park, Lime Ridge Open Space, Boundary Oak Golf Course, Diablo Shadows Park, and Orchards Playground at the Orchards Shopping Center. Dining options include Mike Hess Brewing, Jack’s Urban Eats, MOD Pizza, California Fish Grill, and Burger Lounge. The property has a size of 14878 square feet.
Key Highlights
- Located in the Shadelands medical submarket near Kaiser Permanente & John Muir Medical Offices.
- Suitable for investment or owner/user.
- Proximity to major medical entities including BASS Medical and Benioff Children’s Hospital.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $437.4k | $29.40 |
| − Vacancy | −$78.7k | −$5.29 |
| EGI | $358.7k | $24.11 |
| − OpEx | −$89.7k | −$6.03 |
| NOI | $269.0k | $18.08 |
14,878 SF · lease $29.40/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.84M
$3.36M – $4.48M
NOI $269,009 @ 7.0% cap · market cap 7.08%
Second Best
Healthcare Medical
$3.15M
$2.76M – $3.68M
NOI $220,537 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$5.62M
$4.92M – $6.56M
NOI $393,672 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
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Similar Off Market Nearby
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- Atwater Stephen W DVM — 2803 Ygnacio Valley Rd, Walnut Creek, CA 94598
- Wobbler Syndrome — Walnut Creek, CA 94598
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FAQs
What type of property is this?
Medical Office Space - Office/medical buildings near Kaiser Permanente & John Muir Medical Offices.
Where is this medical office space located?
The property is located at 309-311 Lennon Lane Walnut Creek, CA.
What is the asking price?
The asking price for this property is $3,799,999.
What are key features of this property?
This property features: Located in the Shadelands medical submarket near Kaiser Permanente & John Muir Medical Offices.; Suitable for investment or owner/user.; Proximity to major medical entities including BASS Medical and Benioff Children’s Hospital.
