Concord Office Property for
For Sale
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2520 Stanwell Drive, Concord, CA 94520
24,602 SF office property in Stanwell Business Park.
Property Size24,602 SF
Lot Size1.80 Acres
Price / SF$148.36
Days on Market102
Property Features for 2520 Stanwell Drive
General Information
Standard status
Active
Size
24,602 SF
Total Parking Spaces
95
Lot size
1.80 Acres
Property subtype
Office
Zoning
OBP - Office Business Park
Investment Type
Owner/User
Building Details
Year Built
1978
Year Renovated
2008
Buildings
2
Stories
2
Tenancy
Multi
Listing Agency:
Colliers International Walnut Creek
(415) 407-7998
Listed By:
Brian Clack · License #CA 01416362
Source:
Crexi
Added: May 20
Changed: Aug 22
Last Checked: Aug 25 at 5:33PM
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 International Walnut Creek
Investment Insights
Based on property information with market context.
This 24,602 square foot office property is located at 2520 Stanwell Drive in Concord, CA. Situated on a 1.80 acre parcel within the Stanwell Business Park, the property consists of one one-story building and one two-story building. There are 95 parking spaces available, resulting in a parking ratio of 3.86 per 1,000 square feet. The property is surrounded by mature landscaping and is located near the freeway and Concord's dining and shopping options. Buchanan Oaks Professional building is located on the corner of Stanwell Drive & Bisso Lane, next to Buchanan Airport with easy access to all freeways, The Veranda, Sun Valley Mall, The Willows, downtown Concord, hotels and restaurants. Buchanan Oaks has recently renovated its common areas and offers an on-site deli, easy surface parking, and an exceptional value in office space.
Key Highlights
- Excellent Location: Minutes from freeway access, top dining, shopping, Buchanan Airport, The Veranda, Sun Valley Mall, The Willows, downtown Concord, hotels and restaurants.
- Ample Parking: With 95 spaces available.
- Upside Rental Income: Opportunity to acquire a well‑located user property with potential for increased rental income.
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
$232,489
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
6.37%
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%
$4,649,780
$4.6M
Cap Rate 7%
$3,321,271
$3.3M
Cap Rate 9%
$2,583,211
$2.6M
Market Conditions
NOI Build-Up for 24,602 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
$369.0K $15.00/SF
− Vacancy
−$59.0K −$2.40/SF
EGI
$310.0K $12.60/SF
− OpEx
−$77.5K −$3.15/SF
NOI
$232.5K $9.45/SF
Area
Concord, CA
Vacancy
16.00%
Lease Rate
$15.00 /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%
$4,649,780
Cap Rate 7%
$3,321,271
Cap Rate 9%
$2,583,211
Alternative Uses
Best Use
Office B
$3.32M
$2.91M – $3.87M
NOI $232,489 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$6.02M
$5.27M – $7.02M
NOI $421,208 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,296
Businesses Nearby
Explore this area
Business Placement
Demographics for 94520, CA
38,383
Population
13,661
Households
2.8
Avg Household Size
35
Median Age
30%
College-Educated
79%
High-School Grad
9.9 sq mi
ZIP Area
3,877
Density / Sq Mi
$79,790
Median Household Income
$43,382
Median Earnings
$2,118
Median Rent
$572,400
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 - 24,602 SF office property in Stanwell Business Park.
Where is this office building located?
The property is located at 2520 Stanwell Drive Concord, CA.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: Excellent Location: Minutes from freeway access, top dining, shopping, Buchanan Airport, The Veranda, Sun Valley Mall, The Willows, downtown Concord, hotels and restaurants.; Ample Parking: With 95 spaces available.; Upside Rental Income: Opportunity to acquire a well‑located user property with potential for increased rental income.
