Medical Office Condo
For Sale
Contact for pricing
5601 Norris Canyon Rd, San Ramon, CA 94582
Medical office condo includes reception, breakroom, two offices, and four exam rooms with sinks.
Property Size1,704 SF
Price / SF$308.10
Days on Market1416
Property Features for 5601 Norris Canyon Rd
General Information
Standard status
Active
Size
1,704 SF
Property subtype
OFFICE
Additional Details
Office Units
2
Amenities
Waiting Area
Reception/Business Office
2 Bathrooms
2 Consult Office
4 Exam Rooms w/Sinks
Breakroom
Listing Agency:
Newmark | Walnut Creek
(925) 974-0100
Listed By:
Rick T. Steffens · License #00466002
(925) 974-0110
Source:
Moodyscre
Added: Dec 19, 2022
Changed: Oct 25
Last Checked: Nov 1 at 8:12AM
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 Newmark | Walnut Creek
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Investment Insights
Based on property information with market context.
This medical office condo suite is configured with a waiting area, reception/business office, and two additional consult offices. The space also includes a breakroom, two bathrooms, and four exam rooms equipped with sinks.
The suites are located within a first-class 30,000 SF medical building just steps from San Ramon Regional Medical Center, a 123-bed acute care hospital and its Outpatient Surgery Center.
The units are subject to an unsubordinated ground lease extending through 2087. Buyers will need approval from the ground lessor and must be on staff of San Ramon Regional Medical Center.
The suites are located within a first-class 30,000 SF medical building just steps from San Ramon Regional Medical Center, a 123-bed acute care hospital and its Outpatient Surgery Center.
The units are subject to an unsubordinated ground lease extending through 2087. Buyers will need approval from the ground lessor and must be on staff of San Ramon Regional Medical Center.
Key Highlights
- Medical office condo with reception/business office, breakroom, and 2 bathrooms
- Includes 2 consult offices and 4 exam rooms, each with sinks
- Located in a 30,000 SF first‑class medical building steps from San Ramon Regional Medical Center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,810
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,200
$616.2K
Cap Rate 7%
$440,143
$440.1K
Cap Rate 9%
$342,333
$342.3K
Market Conditions
NOI Build-Up for 1,704 SF
Gross rent
$50.1K $29.40/SF
− Vacancy
−$9.0K −$5.29/SF
EGI
$41.1K $24.11/SF
− OpEx
−$10.3K −$6.03/SF
NOI
$30.8K $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%
$616,200
Cap Rate 7%
$440,143
Cap Rate 9%
$342,333
Alternative Uses
Best Use
Office B
$440.1K
$385.1K – $513.5K
NOI $30,810 @ 7.0% cap · market cap 5.87%
Second Best
Healthcare Medical
$360.8K
$315.7K – $421.0K
NOI $25,258 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$644.1K
$563.6K – $751.5K
NOI $45,088 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
2,546
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 94582, CA
49,311
Population
16,531
Households
3
Avg Household Size
39
Median Age
77%
College-Educated
97%
High-School Grad
13.4 sq mi
ZIP Area
3,680
Density / Sq Mi
$211,159
Median Household Income
$114,953
Median Earnings
$2,880
Median Rent
$1,543,800
Median Home Value
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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?
Medical Office Space - Medical office condo includes reception, breakroom, two offices, and four exam rooms with sinks.
Where is this medical office space located?
The property is located at 5601 Norris Canyon Rd San Ramon, CA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Medical office condo with reception/business office, breakroom, and 2 bathrooms; Includes 2 consult offices and 4 exam rooms, each with sinks; Located in a 30,000 SF first‑class medical building steps from San Ramon Regional Medical Center
