Turn-Key Medical/Dental Office
For Sale
Contact for pricing
3400 Sonoma Blvd, Vallejo, CA 94590
3,456 SF medical/dental office with 11 plumbed operatories.
Property Size3,456 SF
Lot Size0.50 Acres
Price / SF$303.82
Days on Market195
Property Features for 3400 Sonoma Blvd
General Information
Standard status
Active
Size
3,456 SF
Class
B
Lot size
0.50 Acres
Property subtype
Office, Retail
Zoning
CC - Central Corridor
Investment Type
Owner/User
Building Details
Year Built
1977
Stories
1
Listing Agency:
Lee & Associates - Walnut Creek
(650) 787-1535
Listed By:
Tanner Mandelaris · License #02224565
Source:
Crexi
Added: Feb 10
Changed: Aug 8
Last Checked: Aug 23 at 8:29PM
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 Lee & Associates - Walnut Creek
Investment Insights
Based on property information with market context.
This 3,456 square foot medical/dental office is situated on a 0.5-acre site, offering excellent visibility and access. The space features a fully built-out dental layout that includes 11 fully plumbed operatories, a mix of private and open-bay treatment areas, and an efficient front-of-house design with a reception area, waiting area, private office, and dedicated billing/admin suite. Additional improvements include a central sterilization area, a dedicated x-ray/imaging room, and a separate equipment/mechanical room. The property benefits from strong signage and frontage along Sonoma Boulevard, with exposure to approximately 40,000 cars per day. Its retail-backed location provides nearby access to grocery, pharmacy, fitness, and dining amenities. The site includes 31 on-site parking spaces and convenient access to I-80 and the SR-37 / SR-29 interchange. This property is suitable for owner-users or investors seeking a stabilized medical asset in a high-traffic corridor.
Key Highlights
- Turn‑key medical/dental office with 11 plumbed operatories.
- Excellent visibility and access on a 0.5‑acre site with strong signage and frontage on Sonoma Boulevard.
- High‑traffic location with exposure to approximately 40,000 cars per day.
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
$80,146
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
7.63%
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%
$1,602,920
$1.6M
Cap Rate 7%
$1,144,943
$1.1M
Cap Rate 9%
$890,511
$890.5K
Market Conditions
NOI Build-Up for 3,456 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
$130.6K $37.80/SF
− Vacancy
−$23.8K −$6.88/SF
EGI
$106.9K $30.92/SF
− OpEx
−$26.7K −$7.73/SF
NOI
$80.1K $23.19/SF
Area
Vallejo, CA
Vacancy
18.20%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
25.00%
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%
$1,602,920
Cap Rate 7%
$1,144,943
Cap Rate 9%
$890,511
Alternative Uses
Best Use
Office B
$1.14M
$1.00M – $1.34M
NOI $80,146 @ 7.0% cap · market cap 7.63%
Second Best
Healthcare Medical
$1.12M
$979.7K – $1.31M
NOI $78,378 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,739 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,685
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94590, CA
39,981
Population
16,500
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
87%
High-School Grad
6.6 sq mi
ZIP Area
6,058
Density / Sq Mi
$66,957
Median Household Income
$43,383
Median Earnings
$1,768
Median Rent
$510,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Broadway Pet Hospital — 1000 Broadway, Vallejo, CA 94590
- Killian Kent B DVM — 3899 Sonoma Blvd, Vallejo, CA 94589
- Animal Advocates Veterinary Hospital — 3899 Sonoma Blvd, Vallejo, CA 94589
Frequently Asked Questions
What type of property is this?
Medical Office Space - 3,456 SF medical/dental office with 11 plumbed operatories.
Where is this medical office space located?
The property is located at 3400 Sonoma Blvd Vallejo, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Turn‑key medical/dental office with **11 plumbed operatories**.; Excellent visibility and access on a 0.5‑acre site with strong signage and frontage on Sonoma Boulevard.; High‑traffic location with exposure to approximately 40,000 cars per day.
