Medical Office Buildings Near
Walnut Creek, CA 94598 Walnut Creek, CA 94598
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 Market238
Property Features
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
Corfac
Added: Nov 25, 2025 Updated: Jul 10 at 11:52AM Checked: Jul 21 at 4:18AM
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 Shadelands medical submarket of Walnut Creek, the property at 309-311 Lennon Lane is positioned near major medical entities, including Kaiser Permanente, John Muir Medical Offices, BASS Medical, and Benioff Children’s Hospital. The surrounding area offers dining and recreation options such as Heather Farm Park, Lime Ridge Open Space, Boundary Oak Golf Course, Diablo Shadows Park, and Orchards Playground at the Orchards Shopping Center. Several dining establishments are also nearby, including Mike Hess Brewing, Jack’s Urban Eats, MOD Pizza, California Fish Grill, and Burger Lounge. The property, suitable for investment or owner/user, consists of office and medical buildings with a total 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 (Kaiser, John Muir, BASS Medical, 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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- 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 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 (Kaiser, John Muir, BASS Medical, Benioff Children’s Hospital).
