Medical Office Investment
180 Parker Avenue Rodeo, CA 94572
180 Parker Avenue, Rodeo, CA, 94572
$1,150,000
For Sale
$1,150,000
Leased medical building with high ceilings and recent renovations.
Property Size5,982 SF
Price / SF$192.24
Days on Market119
Property Features for 180 Parker Avenue
General Information
- Standard status
- Active
- Size
- 5,982 SF
- Property subtype
- Office
Properties For Sale
at 180 Parker Avenue Contact us
Listing Agency
CBRE | Walnut Creek
(925) 296-7717
Listed by
Greg Smyth · License #01131484
(925) 296-7717
Source
Cbre
Added: Mar 25 Updated: Jul 6 at 12:04 pm Checked: Jul 20 at 2:37 am
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 CBRE | Walnut Creek
Investment Insights
Based on property information with market context.
This commercial property features a ±5,982 square foot building. The property is a triple net leased investment with an essential medical on-site health and safety tenant. It is currently 100% occupied and offers a 7.02% cap rate. A newer 3-year lease renewal is starting October 1, 2024. The building has high ceilings and has undergone recent exterior and interior renovations, including a new roof. The property is located on a signalized corner in a well-located Bay Area location and presents an attractive upside.
Key Highlights
- Triple net leased investment with essential medical tenant
- Attractive 7.02% cap rate
- 100% occupancy
Local Financial Insights For Healthcare Medical
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 | $161.5k | $27.00 |
| − Vacancy | −$13.7k | −$2.30 |
| EGI | $147.8k | $24.71 |
| − OpEx | −$59.1k | −$9.88 |
| NOI | $88.7k | $14.82 |
5,982 SF · lease $27.00/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$1.55M
$1.35M – $1.80M
NOI $108,161 @ 7.0% cap · market cap 9.41%
Second Best
Healthcare Medical
$1.27M
$1.11M – $1.48M
NOI $88,671 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,284 @ 7.0% cap · market cap 13.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
On-Site Health & Safety
Corporate Office
nia imani academy
High School
FAQs
What type of property is this?
Medical Office Space - Leased medical building with high ceilings and recent renovations.
Where is this medical office space located?
The property is located at 180 Parker Avenue Rodeo, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Triple net leased investment with essential medical tenant; Attractive 7.02% cap rate; 100% occupancy
