Elevator-Served Medical Office
For Sale
Contact for pricing
39271 MISSION BLVD, Fremont, CA 94539
Built in 1990 with elevator service and extensive on-site parking, positioned along Fremont’s Mission Blvd healthcare corridor.
Property Size6,938 SF
Price / SF$550
Days on Market101
Property Features for 39271 MISSION BLVD
General Information
Standard status
Active
Size
6,938 SF
Property subtype
Office
Building Details
Year Built
1990
Stories
2
Units
7
Listing Agency:
BCCRE
Listed By:
Jacob Sanchez · License #CA 02064109
Source:
Crexi
Added: May 28
Changed: Aug 26
Last Checked: Sep 5 at 3:06PM
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 BCCRE
Investment Insights
Based on property information with market context.
This elevator-served medical office building was built in 1990 and is offered for sale in approximately 6,938 square feet. The property includes extensive on-site parking and is configured with existing, seasoned tenants in place, generating income from day one. Seller financing is available up to 70% LTV, and the offering is marketed offmarket.
The building is located at 39271 Mission Blvd in Fremont, California, on the established Mission Blvd medical corridor. It is approximately 2.1 miles from Washington Hospital Healthcare System and benefits from high visibility along this healthcare-focused area.
For physician owner-users and healthcare investors, the combination of elevator access, ample parking, and in-place occupancy can support both ongoing operations and medical practice expansion. The asset is also positioned for 1031 exchange buyers seeking a medical office property on the Mission Blvd corridor, with seller financing available and a price of approximately $550 per square foot as stated in the offering materials.
The building is located at 39271 Mission Blvd in Fremont, California, on the established Mission Blvd medical corridor. It is approximately 2.1 miles from Washington Hospital Healthcare System and benefits from high visibility along this healthcare-focused area.
For physician owner-users and healthcare investors, the combination of elevator access, ample parking, and in-place occupancy can support both ongoing operations and medical practice expansion. The asset is also positioned for 1031 exchange buyers seeking a medical office property on the Mission Blvd corridor, with seller financing available and a price of approximately $550 per square foot as stated in the offering materials.
Key Highlights
- ±6,938 SF medical office building built in 1990 with elevator service
- 39271 Mission Blvd, Fremont, CA—on Fremont’s established Mission Blvd medical corridor
- Extensive on‑site parking
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
$253,810
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
6.65%
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%
$5,076,200
$5.1M
Cap Rate 7%
$3,625,857
$3.6M
Cap Rate 9%
$2,820,111
$2.8M
Market Conditions
NOI Build-Up for 6,938 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
$392.1K $56.52/SF
− Vacancy
−$53.7K −$7.74/SF
EGI
$338.4K $48.78/SF
− OpEx
−$84.6K −$12.19/SF
NOI
$253.8K $36.58/SF
Area
Fremont, CA
Vacancy
13.70%
Lease Rate
$56.52 /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%
$5,076,200
Cap Rate 7%
$3,625,857
Cap Rate 9%
$2,820,111
Alternative Uses
Best Use
Office B
$3.63M
$3.17M – $4.23M
NOI $253,810 @ 7.0% cap · market cap 6.65%
Second Best
Healthcare Medical
$1.44M
$1.26M – $1.69M
NOI $101,106 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$4.29M
$3.76M – $5.01M
NOI $300,620 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
619
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94539, CA
54,026
Population
17,669
Households
3.1
Avg Household Size
42
Median Age
79%
College-Educated
96%
High-School Grad
25.1 sq mi
ZIP Area
2,152
Density / Sq Mi
$235,399
Median Household Income
$123,587
Median Earnings
$3,183
Median Rent
$1,878,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Built in 1990 with elevator service and extensive on-site parking, positioned along Fremont’s Mission Blvd healthcare corridor.
Where is this medical office space located?
The property is located at 39271 MISSION BLVD Fremont, CA.
What is the asking price?
The asking price for this property is $3,815,900.
What are key features of this property?
This property features: ±6,938 SF medical office building built in 1990 with elevator service; 39271 Mission Blvd, Fremont, CA—on Fremont’s established Mission Blvd medical corridor; Extensive on‑site parking
