San Ramon Office Building For
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2001 Crow Canyon Rd, San Ramon, CA 94583
39,371 sqft office building in San Ramon, California.
Property Size39,371 SF
Price / SF$203.20
Days on Market154
Property Features for 2001 Crow Canyon Rd
General Information
Standard status
Active
Size
39,371 SF
Class
A
Property subtype
Office
Occupancy
94%
Investment Type
Stabilized
Building Details
Year Built
1999
Buildings
1
Stories
2
Listing Agency:
Newmark
(925) 974-0100
Listed By:
Forrest Gherlone · License #CA 01376723
Source:
Crexi
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 10:14AM
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
Investment Insights
Based on property information with market context.
The property at 2001 Crow Canyon Road, San Ramon, California, is a multitenant office building with an approximate area of 39,371 square feet. The building is currently 94% occupied by four tenants. The rents are at or below market rates, and the lease expiration dates are staggered. The property is zoned OA (Administrative Office) and is suitable for traditional and medical office uses. The location provides easy access to Interstate 680 and is approximately 1 mile from retail amenities including Safeway, Home Depot, In-N-Out Burger, McDonald’s, Chipotle, CVS, and Costco.
Key Highlights
- High occupancy rate (94%) with quality tenants provides stable cash flow.
- Below‑market rents offer future upside potential for increased revenue.
- Convenient access to Interstate 680.
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
$711,867
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
8.90%
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%
$14,237,340
$14.2M
Cap Rate 7%
$10,169,529
$10.2M
Cap Rate 9%
$7,909,633
$7.9M
Market Conditions
NOI Build-Up for 39,371 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
$1.16M $29.40/SF
− Vacancy
−$208.4K −$5.29/SF
EGI
$949.2K $24.11/SF
− OpEx
−$237.3K −$6.03/SF
NOI
$711.9K $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%
$14,237,340
Cap Rate 7%
$10,169,529
Cap Rate 9%
$7,909,633
Alternative Uses
Best Use
Office B
$10.17M
$8.90M – $11.86M
NOI $711,867 @ 7.0% cap · market cap 8.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.88M
$13.02M – $17.36M
NOI $1,041,757 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
Explore this area
Business Placement
Demographics for 94583, CA
38,444
Population
14,208
Households
2.7
Avg Household Size
41
Median Age
64%
College-Educated
97%
High-School Grad
21.2 sq mi
ZIP Area
1,813
Density / Sq Mi
$184,033
Median Household Income
$97,697
Median Earnings
$2,973
Median Rent
$1,234,400
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 building - 39,371 sqft office building in San Ramon, California.
Where is this office building located?
The property is located at 2001 Crow Canyon Rd San Ramon, CA.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: High occupancy rate (94%) with quality tenants provides stable cash flow.; Below‑market rents offer future upside potential for increased revenue.; Convenient access to Interstate 680.
