Medical Office Buildings Near
For Sale
$3,799,999
309-311 Lennon Lane, Walnut Creek, CA 94598
Office/medical buildings near Kaiser Permanente & John Muir Medical Offices.
Property Size14,878 SF
Price / SF$255.41
Days on Market320
Property Features for 309-311 Lennon Lane
General Information
Standard status
Active
Size
14,878 SF
Class
B
Property subtype
Office
Building Details
Building Size
14,878 SF
Listing Agency:
TRI Commercial Walnut Creek
Listed By:
Matt Hatfield · License #CalDRE #01937755
(925) 383-2379
Source:
Tricommercial
Added: Nov 21, 2025
Changed: Oct 6
Last Checked: Oct 5 at 5:19PM
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 TRI Commercial Walnut Creek
Investment Insights
Based on property information with market context.
Located in the medical submarket of Shadelands in Walnut Creek, 309-311 Lennon Lane consists of office and medical buildings. The property is suitable for investment or owner/user opportunities. The surrounding submarket supports major medical entities such as Kaiser Permanente, John Muir, BASS Medical, and Benioff Children’s Hospital. The Shadelands area offers dining and recreation destinations, including Heather Farm Park, Lime Ridge Open Space, Boundary Oak Golf Course, Diablo Shadows Park, and Orchards Playground at the Orchards Shopping Center. Dining options include Mike Hess Brewing, Jack’s Urban Eats, MOD Pizza, California Fish Grill, and Burger Lounge. The property has a size of 14878 square feet.
Key Highlights
- Located in the Shadelands medical submarket near Kaiser Permanente & John Muir Medical Offices.
- Suitable for investment or owner/user.
- Proximity to major medical entities including BASS Medical and Benioff Children’s Hospital.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$269,009
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,380,180
$5.4M
Cap Rate 7%
$3,842,986
$3.8M
Cap Rate 9%
$2,988,989
$3.0M
Market Conditions
NOI Build-Up for 14,878 SF
Gross rent
$437.4K $29.40/SF
− Vacancy
−$78.7K −$5.29/SF
EGI
$358.7K $24.11/SF
− OpEx
−$89.7K −$6.03/SF
NOI
$269.0K $18.08/SF
Area
Contra Costa County, CA
Vacancy
18.00%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,380,180
Cap Rate 7%
$3,842,986
Cap Rate 9%
$2,988,989
Alternative Uses
Best Use
Office B
$3.84M
$3.36M – $4.48M
NOI $269,009 @ 7.0% cap · market cap 7.08%
Second Best
Healthcare Medical
$3.15M
$2.76M – $3.68M
NOI $220,537 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$5.62M
$4.92M – $6.56M
NOI $393,672 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,055
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Office/medical buildings near Kaiser Permanente & John Muir Medical Offices.
Where is this medical office space located?
The property is located at 309-311 Lennon Lane Walnut Creek, CA.
What is the asking price?
The asking price for this property is $3,799,999.
What are key features of this property?
This property features: Located in the Shadelands medical submarket near Kaiser Permanente & John Muir Medical Offices.; Suitable for investment or owner/user.; Proximity to major medical entities including BASS Medical and Benioff Children’s Hospital.
