C1-Zoned 1031 Exchange
New
For Sale
$2,499,000
3373 Mount Diablo, Lafayette, CA 94549
Two-level commercial building with separate entrances, multiple meters, and flexible C1 zoning.
Property Size4,820 SF
Price / SF$518.46
Days on Market4
Property Features for 3373 Mount Diablo
General Information
Standard status
Active
Size
4,820 SF
Property subtype
Industrial
Zoning
C1
Additional Details
Road Access
Yes
Amenities
3
No Parking.
In City, Close To Shops.
Building Details
Year Built
1961
Tenancy
Multi
Listing Agency:
ABC Commercial Realty
(510) 333-6198
Listed By:
Richard Chang · License #02021357
Source:
Xome
Added: Sep 7
Changed: Sep 9
Last Checked: Sep 10 at 5:50AM
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 ABC Commercial Realty
Investment Insights
Based on property information with market context.
The 4,820-square-foot commercial property at 3373 Mount Diablo in Lafayette includes upper- and lower-level access, an interior stairwell, multiple meters, and multiple restrooms. The building was constructed in 1961 and received a new roof in 2020. Two local businesses occupy the property under modified gross leases expiring in 2028 and 2030.
C1 zoning permits a variety of uses, subject to confirmation with the City of Lafayette. Access is provided from Mount Diablo Boulevard to the upper level and Dyer Road to the lower level, with loading access along the Dyer Road frontage. The property is near Highway 24, BART, Whole Foods, Trader Joe’s, the Lafayette Park Hotel, and downtown Walnut Creek.
C1 zoning permits a variety of uses, subject to confirmation with the City of Lafayette. Access is provided from Mount Diablo Boulevard to the upper level and Dyer Road to the lower level, with loading access along the Dyer Road frontage. The property is near Highway 24, BART, Whole Foods, Trader Joe’s, the Lafayette Park Hotel, and downtown Walnut Creek.
Key Highlights
- 4,820 SF commercial building on Mount Diablo Boulevard
- Two local business tenants with modified gross leases expiring in 2028 and 2030
- C1 zoning supports a variety of uses, subject to City of Lafayette confirmation
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
$123,257
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
4.93%
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%
$2,465,140
$2.5M
Cap Rate 7%
$1,760,814
$1.8M
Cap Rate 9%
$1,369,522
$1.4M
Market Conditions
NOI Build-Up for 4,820 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
$188.0K $39.00/SF
− Vacancy
−$11.9K −$2.47/SF
EGI
$176.1K $36.53/SF
− OpEx
−$52.8K −$10.96/SF
NOI
$123.3K $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%
$2,465,140
Cap Rate 7%
$1,760,814
Cap Rate 9%
$1,369,522
Alternative Uses
Best Use
Retail
$1.76M
$1.54M – $2.05M
NOI $123,257 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.13M
NOI $127,537 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,079
Businesses Nearby
78k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 22%
Home Improvements & Furnishings 15%
McDonald's
Dining
27,371 visits/mo
0.5 miles
Lafayette Ace Hardware
Home Improvements & Furnishings
10,478 visits/mo
0.2 miles
Starbucks
Dining
9,801 visits/mo
0.1 miles
Jack in the Box
Dining
9,571 visits/mo
0.2 miles
7-Eleven
Shops & Services
6,614 visits/mo
0.0 miles
Demographics for 94549, CA
28,637
Population
10,781
Households
2.7
Avg Household Size
45
Median Age
77%
College-Educated
99%
High-School Grad
19.8 sq mi
ZIP Area
1,446
Density / Sq Mi
$231,195
Median Household Income
$118,465
Median Earnings
$2,902
Median Rent
$1,968,500
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?
1031 exchange property - Two-level commercial building with separate entrances, multiple meters, and flexible C1 zoning.
Where is this 1031 exchange property located?
The property is located at 3373 Mount Diablo Lafayette, CA.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: 4,820 SF commercial building on Mount Diablo Boulevard; Two local business tenants with modified gross leases expiring in 2028 and 2030; C1 zoning supports a variety of uses, subject to City of Lafayette confirmation
