Prime Orinda Way Commercial
For Sale
Contact for pricing
27 Orinda Way, Orinda, CA 94563
Commercial asset in downtown Orinda totaling ±14,904 SF.
Property Size14,904 SF
Lot Size1.85 Acres
Price / SF$503.22
Days on Market164
Property Features for 27 Orinda Way
General Information
Standard status
Active
Size
14,904 SF
Lot size
1.85 Acres
Property subtype
Retail
Zoning
Downtown Commercial
Building Details
Year Built
1958
Buildings
1
Stories
1
Listing Agency:
CBRE - Orange County
(949) 725-8625
Listed By:
Jay Gomez · License #CA 01364065
Source:
Crexi
Added: Mar 3
Changed: Aug 8
Last Checked: Aug 12 at 5:00AM
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 CBRE - Orange County
Investment Insights
Based on property information with market context.
Located in the heart of downtown Orinda, 27 Orinda Way presents an opportunity to acquire a commercial asset. The property includes approximately 14,904 square feet of building area on an approximately 1.85-acre parcel. This property is suitable for investors, owner-users, and developers.
Key Highlights
- Prime downtown Orinda location
- Large ±1.85‑acre parcel
- Significant ±14,904 SF building area
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
$381,124
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
5.08%
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%
$7,622,480
$7.6M
Cap Rate 7%
$5,444,629
$5.4M
Cap Rate 9%
$4,234,711
$4.2M
Market Conditions
NOI Build-Up for 14,904 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
$581.3K $39.00/SF
− Vacancy
−$36.8K −$2.47/SF
EGI
$544.5K $36.53/SF
− OpEx
−$163.3K −$10.96/SF
NOI
$381.1K $25.57/SF
Area
Contra Costa County, CA
Vacancy
6.33%
Lease Rate
$39.00 /SF/Yr
Expense Ratio
30.00%
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%
$7,622,480
Cap Rate 7%
$5,444,629
Cap Rate 9%
$4,234,711
Alternative Uses
Best Use
Retail
$5.44M
$4.76M – $6.35M
NOI $381,124 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.63M
$4.93M – $6.57M
NOI $394,360 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,331
Businesses Nearby
64k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 56%
Shops & Services 44%
Safeway
Groceries
35,754 visits/mo
0.1 miles
Chevron
Shops & Services
17,044 visits/mo
0.4 miles
Shell
Shops & Services
7,020 visits/mo
0.4 miles
Citibank
Shops & Services
2,372 visits/mo
0.1 miles
The UPS Store
Shops & Services
2,157 visits/mo
0.3 miles
Demographics for 94563, CA
19,496
Population
7,547
Households
2.6
Avg Household Size
46
Median Age
85%
College-Educated
98%
High-School Grad
20.5 sq mi
ZIP Area
951
Density / Sq Mi
$250,001
Median Household Income
$141,867
Median Earnings
$2,407
Median Rent
$1,810,100
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?
Retail property - Commercial asset in downtown Orinda totaling ±14,904 SF.
Where is this retail property located?
The property is located at 27 Orinda Way Orinda, CA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Prime downtown Orinda location; Large ±1.85‑acre parcel; Significant ±14,904 SF building area
