Office Units with Separate Purchase
New
For Sale
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1885-3276 Oak Park Blvd, Pleasant Hill, CA 94523
Office units near restaurants, grocery, and professional services with convenient highway access.
Property Size7,419 SF
Price / SF$612.48
Days on Market5
Property Features for 1885-3276 Oak Park Blvd
General Information
Standard status
Active
Size
7,419 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
Colliers | Walnut Creek
(925) 279-4622
Listed By:
Cherie Huillade · License #CA-00918839
Source:
Moodyscre
Added: Aug 18
Changed: Aug 20
Last Checked: Aug 22 at 11:17AM
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 Colliers | Walnut Creek
Investment Insights
Based on property information with market context.
This 7,419-square-foot office property offers a configuration that can support ownership of the units together or individually. The asset is positioned for office, service commercial, and retail users, with flexibility for business expansion and income-producing use.
The property is located at 1885-3276 Oak Park Blvd in Pleasant Hill, near the Poets Corner Community. Restaurants, Safeway grocery, and retail and professional services are within walking distance. Access is available to Hwy 24-Lafayette as well as I-680 North and South, connecting the property with surrounding East Bay markets.
The property is located at 1885-3276 Oak Park Blvd in Pleasant Hill, near the Poets Corner Community. Restaurants, Safeway grocery, and retail and professional services are within walking distance. Access is available to Hwy 24-Lafayette as well as I-680 North and South, connecting the property with surrounding East Bay markets.
Key Highlights
- 7,419 square feet of office units
- Units may be purchased together or separately
- Supports office, service commercial, and retail uses
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
$134,143
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
2.95%
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%
$2,682,860
$2.7M
Cap Rate 7%
$1,916,329
$1.9M
Cap Rate 9%
$1,490,478
$1.5M
Market Conditions
NOI Build-Up for 7,419 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
$218.1K $29.40/SF
− Vacancy
−$39.3K −$5.29/SF
EGI
$178.9K $24.11/SF
− OpEx
−$44.7K −$6.03/SF
NOI
$134.1K $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 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%
$2,682,860
Cap Rate 7%
$1,916,329
Cap Rate 9%
$1,490,478
Alternative Uses
Best Use
Office B
$1.92M
$1.68M – $2.24M
NOI $134,143 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.80M
$2.45M – $3.27M
NOI $196,307 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
605
Businesses Nearby
Explore this area
Business Placement
Demographics for 94523, CA
35,272
Population
14,585
Households
2.4
Avg Household Size
42
Median Age
56%
College-Educated
96%
High-School Grad
7.2 sq mi
ZIP Area
4,899
Density / Sq Mi
$142,622
Median Household Income
$74,832
Median Earnings
$2,479
Median Rent
$1,038,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office units near restaurants, grocery, and professional services with convenient highway access.
Where is this office units located?
The property is located at 1885-3276 Oak Park Blvd Pleasant Hill, CA.
What is the asking price?
The asking price for this property is $4,544,000.
What are key features of this property?
This property features: 7,419 square feet of office units; Units may be purchased together or separately; Supports office, service commercial, and retail uses
