Freestanding Restaurant Building on Large
For Sale
Contact for pricing
2154 San Ramon Valley Blvd, San Ramon, CA 94583
Freestanding restaurant building on a large lot for sale.
Property Size6,590 SF
Lot Size0.80 Acres
Price / SF$637.33
Days on Market115
Property Features for 2154 San Ramon Valley Blvd
General Information
Standard status
Active
Size
6,590 SF
Lot size
0.80 Acres
Property subtype
RETAIL
Listing Agency:
Lockehouse Retail Group
(925) 488-4143
Listed By:
Meghan Basso
Source:
Moodyscre
Added: May 4
Changed: Aug 9
Last Checked: Aug 25 at 6:13AM
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 Lockehouse Retail Group
Investment Insights
Based on property information with market context.
This is a freestanding second-generation restaurant building available for sale. The building has a size of approximately 6,590 square feet and is situated on a lot of approximately 0.80 acres (34,848 square feet) across three parcels. Built in 1965 and 1993 with major rehabilitation, the property includes 56 on-site parking spaces, which is a ratio of 8.5 spaces per 1,000 square feet. The zoning is Commercial/Service Commercial within the San Ramon Village Specific Plan. The property has 193 linear feet of frontage on I-680, which sees 168,130 cars per day. The FAR is 0.7, allowing for approximately 24,394 square feet of buildable area.
Key Highlights
- Freestanding second‑generation restaurant building on a large ±0.80 acre lot.
- High visibility with 193 linear feet fronting I‑680 (168,130 Cars Per Day).
- Ample parking with 56 on‑site spaces (8.5/1,000 SF).
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
$117,763
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%
$2,355,260
$2.4M
Cap Rate 7%
$1,682,329
$1.7M
Cap Rate 9%
$1,308,478
$1.3M
Market Conditions
NOI Build-Up for 6,590 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
$171.6K $26.04/SF
− Vacancy
−$14.6K −$2.21/SF
EGI
$157.0K $23.83/SF
− OpEx
−$39.3K −$5.96/SF
NOI
$117.8K $17.87/SF
Area
Contra Costa County, CA
Vacancy
8.50%
Lease Rate
$26.04 /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%
$2,355,260
Cap Rate 7%
$1,682,329
Cap Rate 9%
$1,308,478
Alternative Uses
Best Use
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,763 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.49M
$2.18M – $2.91M
NOI $174,371 @ 7.0% cap · market cap 4.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,904
Businesses Nearby
543k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 32%
Shops & Services 27%
Dining 25%
Apparel 7%
Costco Wholesale
Superstores
173,187 visits/mo
0.3 miles
Costco Gasoline
Shops & Services
74,811 visits/mo
0.4 miles
In-N-Out Burger
Dining
55,235 visits/mo
0.2 miles
Marshalls
Apparel
39,250 visits/mo
0.3 miles
Hyatt House San Ramon
Hotels & Casinos
19,614 visits/mo
0.3 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant building on a large lot for sale.
Where is this conventional restaurant located?
The property is located at 2154 San Ramon Valley Blvd San Ramon, CA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Freestanding second‑generation restaurant building on a large ±0.80 acre lot.; High visibility with 193 linear feet fronting I‑680 (168,130 Cars Per Day).; Ample parking with 56 on‑site spaces (8.5/1,000 SF).
