Medical Office Building Near
For Sale
$895,000
19942 Lake Chabot, Castro Valley, CA 94546
Medical office building with parking near Sutter Hospital.
Property Size1,238 SF
Price / SF$722.94
Days on Market180
Property Features for 19942 Lake Chabot
General Information
Standard status
Active
Size
1,238 SF
Property subtype
Commercial
Amenities
Composition Roof
Building Details
Year Built
1952
Listing Agency:
MICHAEL TANZILLO R.E. BRKR
(510) 889-9157
Listed By:
MIKE TANZILLO · License #00688066
Source:
Corcoran
Added: Feb 12
Changed: Aug 8
Last Checked: Apr 5 at 9:06PM
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 MICHAEL TANZILLO R.E. BRKR
Investment Insights
Based on property information with market context.
This is a medical office building located across the street from Sutter Hospital. The 1238 square foot property contains two exam rooms, both equipped with sinks, a reception room, a waiting room, and two restrooms. A seven-car parking lot is located at the rear of the building. The property is situated in Castro Valley's medical area, with proximity to interstates 580 and 238. Note that the improvements are dated.
Key Highlights
- Medical office building directly across from Sutter Hospital
- Located in Castro Valley's medical area
- Includes 2 exam rooms with sinks
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
$25,019
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
2.80%
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%
$500,380
$500.4K
Cap Rate 7%
$357,414
$357.4K
Cap Rate 9%
$277,989
$278.0K
Market Conditions
NOI Build-Up for 1,238 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
$44.7K $36.12/SF
− Vacancy
−$11.4K −$9.17/SF
EGI
$33.4K $26.95/SF
− OpEx
−$8.3K −$6.74/SF
NOI
$25.0K $20.21/SF
Area
Alameda County, CA
Vacancy
25.40%
Lease Rate
$36.12 /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%
$500,380
Cap Rate 7%
$357,414
Cap Rate 9%
$277,989
Alternative Uses
Best Use
Office B
$357.4K
$312.7K – $417.0K
NOI $25,019 @ 7.0% cap · market cap 2.80%
Second Best
Healthcare Medical
$302.9K
$265.1K – $353.4K
NOI $21,205 @ 7.0% cap · market cap 2.37%
Theoretical Best
Retail
$5.64M
$4.94M – $6.58M
NOI $395,079 @ 7.0% cap · market cap 44.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,879
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94546, CA
46,687
Population
16,398
Households
2.8
Avg Household Size
40
Median Age
41%
College-Educated
90%
High-School Grad
16.0 sq mi
ZIP Area
2,918
Density / Sq Mi
$125,780
Median Household Income
$66,737
Median Earnings
$2,506
Median Rent
$976,300
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?
Medical Office Space - Medical office building with parking near Sutter Hospital.
Where is this medical office space located?
The property is located at 19942 Lake Chabot Castro Valley, CA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Medical office building directly across from Sutter Hospital; Located in Castro Valley's medical area; Includes **2 exam rooms with sinks**
