Ground-Floor Medical Office
For Sale
Contact for pricing
2021 Ygnacio Valley Rd, Walnut Creek, CA 94598
Two medical office units include private restrooms and are scheduled to become vacant after the current lease ends.
Property Size1,167 SF
Price / SF$385.60
Days on Market388
Property Features for 2021 Ygnacio Valley Rd
General Information
Standard status
Active
Size
1,167 SF
Property subtype
OFFICE
Additional Details
Floor
Ground Floor
Office Units
2
Listing Agency:
Newmark | Walnut Creek
(925) 974-0100
Listed By:
Forrest Gherlone · License #01376723
(925) 974-0237
Source:
Moodyscre
Added: Sep 29, 2025
Changed: Oct 21
Last Checked: Oct 21 at 2:21AM
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 | Walnut Creek
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Investment Insights
Based on property information with market context.
This 1,167-square-foot medical office property is configured as two ground-floor units, each with an internal restroom. The interiors have been upgraded, and the existing lease runs through March 31, 2026, with the suite scheduled to be vacated at that time.
Surface parking serves the property, which is located two-thirds of a mile from John Muir Medical Center. The offering is for limited partnership ownership interests in the entity that owns the property.
Surface parking serves the property, which is located two-thirds of a mile from John Muir Medical Center. The offering is for limited partnership ownership interests in the entity that owns the property.
Key Highlights
- 1,167 square feet divided into two medical office units
- Ground‑floor configuration with internal restrooms
- Current lease runs through March 31, 2026; suite scheduled to be vacated afterward
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,101
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,020
$422.0K
Cap Rate 7%
$301,443
$301.4K
Cap Rate 9%
$234,456
$234.5K
Market Conditions
NOI Build-Up for 1,167 SF
Gross rent
$34.3K $29.40/SF
− Vacancy
−$6.2K −$5.29/SF
EGI
$28.1K $24.11/SF
− OpEx
−$7.0K −$6.03/SF
NOI
$21.1K $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 Rate 5%
$422,020
Cap Rate 7%
$301,443
Cap Rate 9%
$234,456
Alternative Uses
Best Use
Office B
$301.4K
$263.8K – $351.7K
NOI $21,101 @ 7.0% cap · market cap 4.69%
Second Best
Healthcare Medical
$247.1K
$216.2K – $288.3K
NOI $17,298 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$441.1K
$386.0K – $514.7K
NOI $30,879 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,823
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94598, CA
26,826
Population
10,735
Households
2.5
Avg Household Size
46
Median Age
74%
College-Educated
98%
High-School Grad
20.6 sq mi
ZIP Area
1,302
Density / Sq Mi
$188,170
Median Household Income
$99,757
Median Earnings
$2,989
Median Rent
$1,307,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
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- Banfield Pet Hospital — 1780 Ygnacio Valley Rd, Walnut Creek, CA 94598
- Dermatology for Animals - Walnut Creek — 2255 Ygnacio Valley Rd Suite F, Walnut Creek, CA 94598
- Walnut Creek Veterinary Hospital — 540 Lennon Ln, Walnut Creek, CA 94598
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two medical office units include private restrooms and are scheduled to become vacant after the current lease ends.
Where is this medical office space located?
The property is located at 2021 Ygnacio Valley Rd Walnut Creek, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,167 square feet divided into two medical office units; Ground‑floor configuration with internal restrooms; Current lease runs through March 31, 2026; suite scheduled to be vacated afterward
