Freestanding Medical Office
For Sale
Contact for pricing
3003 Citrus Circle, Walnut Creek, CA 94598
City approval covers medical uses, with an NNN offering and on-site parking.
Property Size2,560 SF
Price / SF$2.93
Days on Market2987
Property Features for 3003 Citrus Circle
General Information
Standard status
Active
Size
2,560 SF
Property subtype
Comm Ind For Lease
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Property Use
Medical Office
Amenities
parklike environment
Building Details
Year Built
1979
Buildings
1
Listing Agency:
JPN Realty
Listed By:
Javier Padilla
Source:
Jpnrealty
Added: Aug 26, 2018
Changed: Oct 28
Last Checked: Oct 28 at 4:14PM
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 JPN Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding medical office building contains 2,560 square feet and was built in 1979. The property is approved by the City of Walnut Creek for medical use and is offered on an NNN basis, with parking and landscaped grounds.
The property is identified at the corner of Oak Grove Road and Citrus Avenue. Nearby destinations include Bank of America, Chase Bank, Citrus Market Plaza, and the Orchards of Walnut Creek. Shadelands, an area of medical offices, is across the street. Free transit rides connect the property with BART.
The property is identified at the corner of Oak Grove Road and Citrus Avenue. Nearby destinations include Bank of America, Chase Bank, Citrus Market Plaza, and the Orchards of Walnut Creek. Shadelands, an area of medical offices, is across the street. Free transit rides connect the property with BART.
Key Highlights
- 2,560‑square‑foot medical office building constructed in 1979
- City of Walnut Creek approval for medical use
- NNN offering with on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,947
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,940
$758.9K
Cap Rate 7%
$542,100
$542.1K
Cap Rate 9%
$421,633
$421.6K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$69.1K $27.00/SF
− Vacancy
−$5.9K −$2.30/SF
EGI
$63.2K $24.71/SF
− OpEx
−$25.3K −$9.88/SF
NOI
$37.9K $14.82/SF
Area
Contra Costa County, CA
Vacancy
8.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,940
Cap Rate 7%
$542,100
Cap Rate 9%
$421,633
Alternative Uses
Best Use
Office B
$661.2K
$578.6K – $771.5K
NOI $46,287 @ 7.0% cap · market cap 617.16%
Second Best
Healthcare Medical
$542.1K
$474.3K – $632.5K
NOI $37,947 @ 7.0% cap · market cap 505.96%
Theoretical Best
Office A
$967.7K
$846.7K – $1.13M
NOI $67,738 @ 7.0% cap · market cap 903.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,327
Businesses Nearby
Well-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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - City approval covers medical uses, with an NNN offering and on-site parking.
Where is this medical office space located?
The property is located at 3003 Citrus Circle Walnut Creek, CA.
What are key features of this property?
This property features: 2,560‑square‑foot medical office building constructed in 1979; City of Walnut Creek approval for medical use; NNN offering with on‑site parking
