Single-Story Office
For Sale
Contact for pricing
56 Mayhew Way, Walnut Creek, CA 94597
Single-story office building with dedicated 10-stall parking lot and easy access to BART and Interstate 680.
Property Size2,704 SF
Lot Size0.30 Acres
Price / SF$536.24
Days on Market143
Property Features for 56 Mayhew Way
General Information
Standard status
Active
Size
2,704 SF
Total Parking Spaces
10
Lot size
0.30 Acres
Property subtype
Office
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Stories
1
Listing Agency:
Newmark
Listed By:
Forrest Gherlone · License #CA 01376723
(925) 974-0100
Source:
Crexi
Added: Apr 16
Changed: Aug 28
Last Checked: Aug 29 at 1:52AM
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 Newmark
Investment Insights
Based on property information with market context.
Approximately 2,704 square foot single-story office building available for an owner/user. The property offers a functional design and attractive interior architecture, supported by a dedicated parking lot with 10 stalls.
56 Mayhew Way is situated on about 0.3 acres and provides easy access to BART (about 0.5 miles), as well as Interstate 680. The area also offers proximate retail and restaurant amenities.
The building’s layout and dedicated parking support straightforward day-to-day office operations for an owner or tenant-user.
56 Mayhew Way is situated on about 0.3 acres and provides easy access to BART (about 0.5 miles), as well as Interstate 680. The area also offers proximate retail and restaurant amenities.
The building’s layout and dedicated parking support straightforward day-to-day office operations for an owner or tenant-user.
Key Highlights
- Approximately 2,704 SF single‑story office building available for an owner/user
- Dedicated parking lot with 10 stalls
- On approximately 0.3 acres
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
$48,891
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
3.37%
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%
$977,820
$977.8K
Cap Rate 7%
$698,443
$698.4K
Cap Rate 9%
$543,233
$543.2K
Market Conditions
NOI Build-Up for 2,704 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
$79.5K $29.40/SF
− Vacancy
−$14.3K −$5.29/SF
EGI
$65.2K $24.11/SF
− OpEx
−$16.3K −$6.03/SF
NOI
$48.9K $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 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%
$977,820
Cap Rate 7%
$698,443
Cap Rate 9%
$543,233
Alternative Uses
Best Use
Office B
$698.4K
$611.1K – $814.9K
NOI $48,891 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$894.4K – $1.19M
NOI $71,548 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,674
Businesses Nearby
Explore this area
Business Placement
Demographics for 94597, CA
23,661
Population
11,262
Households
2.1
Avg Household Size
39
Median Age
66%
College-Educated
96%
High-School Grad
4.1 sq mi
ZIP Area
5,771
Density / Sq Mi
$142,685
Median Household Income
$79,278
Median Earnings
$2,557
Median Rent
$986,700
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?
Office building - Single-story office building with dedicated 10-stall parking lot and easy access to BART and Interstate 680.
Where is this office building located?
The property is located at 56 Mayhew Way Walnut Creek, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Approximately 2,704 SF single‑story office building available for an owner/user; Dedicated parking lot with 10 stalls; On approximately 0.3 acres
