Medical Office Condo
5601 Norris Canyon Rd San Ramon, CA 94582
For Sale
Contact for pricing
Medical office condo includes reception, breakroom, two offices, and four exam rooms with sinks.
Property Size1,704 SF
Price / SF$293.43
Days on Market1318
Property Features for 5601 Norris Canyon Rd
General Information
Standard status
Active
Size
1,704 SF
Property subtype
OFFICE
Listing Agency:
Newmark | Walnut Creek
(925) 974-0110
Listed By:
Rick T. Steffens · License #00466002
Source:
Moodyscre
Added: Dec 19, 2022
Changed: Jul 26
Last Checked: Jul 28 at 3:49PM
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
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 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 | $50.1k | $29.40 |
| − Vacancy | −$9.0k | −$5.29 |
| EGI | $41.1k | $24.11 |
| − OpEx | −$10.3k | −$6.03 |
| NOI | $30.8k | $18.08 |
1,704 SF · lease $29.40/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$440.1K
$385.1K – $513.5K
NOI $30,810 @ 7.0% cap · market cap 6.16%
Second Best
Healthcare Medical
$360.8K
$315.7K – $421.0K
NOI $25,258 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$644.1K
$563.6K – $751.5K
NOI $45,088 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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- Dog and Cat House Calls
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 $500,000.
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
