Two-Story Retail and Office
For Sale
$2,500,000
3377 Mt Diablo Blvd, Lafayette, CA 94549
Multi-tenant capable two-story building with street-level retail and office suites, plus zoning C1
Property Size4,990 SF
Price / SF$501
Days on Market39
Property Features for 3377 Mt Diablo Blvd
General Information
Standard status
Active
Size
4,990 SF
Total Parking Spaces
7
Property subtype
Retail
Zoning
C1
Additional Details
Office Units
4
Building Details
Buildings
1
Stories
2
Building Size
4,990 SF
Listing Agency:
Walnut Creek
Listed By:
Lauren Hwang · License #02200380
(925) 279-4641
Source:
Colliers
Added: Jul 29
Changed: Sep 4
Last Checked: Sep 4 at 2:17AM
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 Walnut Creek
Investment Insights
Based on property information with market context.
This two-story, multi-tenant capable retail and office building totals 4,990 SF, with 2,750 square feet of street level retail space and 2,240 square feet on the lower level. The lower level includes four office suites, providing flexible layout options for retail and professional tenants.
The property is located on Mt Diablo Boulevard, described as the primary commercial corridor in downtown Lafayette. Access is supported by 7 parking stalls behind the building.
Zoned C1, the building offers a mix of street level retail and lower-level office suite space within a single property, which can be useful for tenants seeking proximity to a commercial corridor while sharing the site with other businesses.
The property is located on Mt Diablo Boulevard, described as the primary commercial corridor in downtown Lafayette. Access is supported by 7 parking stalls behind the building.
Zoned C1, the building offers a mix of street level retail and lower-level office suite space within a single property, which can be useful for tenants seeking proximity to a commercial corridor while sharing the site with other businesses.
Key Highlights
- 7 parking stalls behind the building
- Multi‑tenant capable two‑story building totaling 4,990 SF
- 2,750 square feet of street level retail space
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
$127,604
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
5.10%
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%
$2,552,080
$2.6M
Cap Rate 7%
$1,822,914
$1.8M
Cap Rate 9%
$1,417,822
$1.4M
Market Conditions
NOI Build-Up for 4,990 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
$194.6K $39.00/SF
− Vacancy
−$12.3K −$2.47/SF
EGI
$182.3K $36.53/SF
− OpEx
−$54.7K −$10.96/SF
NOI
$127.6K $25.57/SF
Area
Contra Costa County, CA
Vacancy
6.33%
Lease Rate
$39.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,552,080
Cap Rate 7%
$1,822,914
Cap Rate 9%
$1,417,822
Alternative Uses
Best Use
Retail
$1.82M
$1.60M – $2.13M
NOI $127,604 @ 7.0% cap · market cap 5.10%
Second Best
Office B
$1.29M
$1.13M – $1.50M
NOI $90,224 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,035 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
1,539
Businesses Nearby
Explore this area
Business Placement
Demographics for 94549, CA
28,637
Population
10,781
Households
2.7
Avg Household Size
45
Median Age
77%
College-Educated
99%
High-School Grad
19.8 sq mi
ZIP Area
1,446
Density / Sq Mi
$231,195
Median Household Income
$118,465
Median Earnings
$2,902
Median Rent
$1,968,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Multi-tenant capable two-story building with street-level retail and office suites, plus zoning C1
Where is this retail space located?
The property is located at 3377 Mt Diablo Blvd Lafayette, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 7 parking stalls behind the building; Multi‑tenant capable two‑story building totaling 4,990 SF; 2,750 square feet of street level retail space
