Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    301 Lennon Ln Walnut Creek, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Modern dental office suite for sale with tenant in place.

    Type:OFFICE
    Property size:
    2,218 SF
    Lot size:
    4.98 Acres
    Price / SF:
    $586/SF
    Added:
    Jul 1, 2024
    Days on Market:
    661
    Last Refresh:
    Apr 5 at 9:06 pm

    Property Features for 301 Lennon Ln

    General Information

    Standard status
    Active
    Size
    2,218 SF
    Lot size
    4.98 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    John Fennell
    John Fennell

    Listing agent John Fennell

    Listing office Cushman & Wakefield | Sacramento

    Listing date Jul 1, 2024

    Source Moodyscre

    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 Cushman & Wakefield | Sacramento

    Overview

    Modern Dental Office Suite

    This is a modern and attractive dental office suite. The property is an investment offering with a rent-paying dentist in tenancy. Contact the listing broker for lease details. There is potential for a future owner-user opportunity. The property features nice, modern, and functional tenant improvements in place. Excellent parking is available on a surface lot. The property size is 2218 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Don Shimizu Dental Office Shah Samir B ... Ophthalmologist California Comprehensive Spine Medical Clinic Daniel Lindstrom Physician Marian Birdsall Pediatrician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • VCA Encina Veterinary Medical Center — 2803 Ygnacio Valley Rd, Walnut Creek, CA 94598
    • Banfield Pet Hospital — 1780 Ygnacio Valley Rd, Walnut Creek, CA 94598
    • Atwater Stephen W DVM — 2803 Ygnacio Valley Rd, Walnut Creek, CA 94598
    • Wobbler Syndrome — Walnut Creek, CA 94598
    • Dermatology for Animals - Walnut Creek — 2255 Ygnacio Valley Rd Suite F, Walnut Creek, CA 94598

    Location Insight

    • Map
    • Local Demand
    City
    Walnut Creek
    County
    Contra Costa
    State
    California
    Longitude
    -122.03
    Latitude
    37.9264

    Nearby Similar for Sale

    • $1,849,000
      4,000 SF

      Walnut Creek Multifamily Investment

      Four-unit apartment complex near downtown Walnut Creek.
      1594 Morgan, Walnut Creek, CA 94596
      View Details
    • $1,650,000
      2,606 SF

      Walnut Creek Multifamily with ADU

      Multifamily property with assumable low-interest loan and ADU.
      1465 Cortez Ct, Walnut Creek, CA 94598
      View Details
    • $1,198,000
      1,330 SF

      Walnut Creek Development Opportunity

      Rare property with development potential in downtown Walnut Creek.
      1856 Almond Ave, Walnut Creek, CA 94596
      View Details
    • $745,000
      1,753 SF

      Medical Office Investment Opportunity

      Medical office suites for sale near John Muir Medical Center.
      2021 Ygnacio Valley Rd, Walnut Creek, CA
      View Details
    • $3,799,999
      14,878 SF

      Medical Office Buildings Near Hospitals

      Office/medical buildings near Kaiser Permanente & John Muir Medical Offices.
      309-311 Lennon Lane, Walnut Creek, CA 94598
      View Details
    • $3,799,999
      14,878 SF

      Medical Office Buildings Near Hospitals

      Office/medical buildings near Kaiser Permanente & John Muir Medical Offices.
      Walnut Creek, CA 94598
      View Details
    • $7,900,000
      20,198 SF

      Fully Leased Retail/Office Building

      Two-story, 20,198 SF retail/office building in Walnut Creek, CA.
      2099 Mt Diablo Blvd, Walnut Creek, CA
      View Details
    • $1,500,000
      2,320 SF

      Medical/Dental Office Near Downtown

      Medical/dental office with six exam rooms near downtown Walnut Creek.
      1802 San Miguel Dr, Walnut Creek, CA 94596
      View Details
    • $6,400,000
      16,022 SF

      Walnut Creek Office Building

      Office building with redevelopment potential in downtown Walnut Creek.
      1801 N California Blvd, Walnut Creek, CA
      View Details
    • $2,900,000
      6,052 SF

      Walnut Creek Multifamily Investment

      Seven-unit apartment building in prime Walnut Creek location.
      1942 Desert Cir, Walnut Creek, CA 94598
      View Details
    • $625,000
      1,168 SF

      Ashford Court Condo with Upgrades

      Two-story condo with modern amenities and convenient location.
      2582 Oak Rd 218, Walnut Creek, CA 94597
      View Details
    • Contact for pricing
      5,472 SF

      Walnut Creek Office Space Available

      Office space for rent with easy access to amenities.
      2890 N Main St, Walnut Creek, CA
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Modern dental office suite for sale with tenant in place.
    Where is this medical office space located?
    The property is located at 301 Lennon Ln Walnut Creek, CA.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Investment offering with rent‑paying dentist in tenancy.; Nice, modern & functional tenant improvements in‑place.; Potential future owner‑user opportunity.
    (916) 288-4800 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Fennell
    John Fennell
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!