Medical Office Near San Ramon
For Sale
Contact for pricing
5601 Norris Canyon Rd, San Ramon, CA
Medical office suites near San Ramon Regional Medical Center.
Property Size1,704 SF
Lot Size34.51 Acres
Price / SF$304.58
Days on Market1168
Property Features for 5601 Norris Canyon Rd
General Information
Standard status
Active
Size
1,704 SF
Lot size
34.51 Acres
Property subtype
OFFICE
Lease Type
NNN
Properties For Sale
at 5601 Norris Canyon Rd Contact us5601 Norris Canyon Rd AVAILABLE, Now
Floor
2
Size
1,584 SF
Type
OFFICE
Sublease
No
- Two condo suites located in a first class medical 30,000 SF building just steps away from San Ramon Regional Medical Center, a 123 bed, acute care hospital and the Outpatient Surgery Center.
- The units are configured with appropriately sized exam rooms, consult rooms, waiting areas.
- The units are subject to an unsubordinated ground lease which goes through 2087. All buyers will need to
be approved by Ground Lessor and be on staff of San
Ramon Regional Medical Center.
Contact us 5601 Norris Canyon Rd AVAILABLE, Now
Floor
2
Size
2,794 SF
Type
OFFICE
Sublease
No
- Two condo suites located in a first class medical 30,000 SF building just steps away from San Ramon Regional Medical Center, a 123 bed, acute care hospital and the Outpatient Surgery Center.
- The units are configured with appropriately sized exam rooms, consult rooms, waiting areas.
- The units are subject to an unsubordinated ground lease which goes through 2087. All buyers will need to
be approved by Ground Lessor and be on staff of San
Ramon Regional Medical Center.
Contact us 5601 Norris Canyon Rd AVAILABLE, Now
Floor
2
Size
1,888 SF
Type
OFFICE
Lease Type
NNN
Sublease
No
- ±1,888 Square Feet
- $1.30 Estimated Operting Expenses
- Use must be approved by San Ramon Regional Medical Center
Contact us 5601 Norris Canyon Rd AVAILABLE, Now
Floor
1
Size
2,256 SF
Type
OFFICE
Lease Type
NET_NNN
Sublease
No
-Shared bathroom and kitchen
- 2,256 Square Feet
-$1.30 Estimated Operating Expenses
Contact us
Listing Agency:
Newmark | Walnut Creek
(925) 974-0100
Listed By:
Justin Grilli
(925) 997-1353
Source:
Moodyscre
Added: Aug 10, 2023
Changed: Oct 13
Last Checked: Oct 19 at 7:17AM
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 | Walnut Creek
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features two condo suites located in a 30,000 square foot medical building. The suites are located near San Ramon Regional Medical Center, a 123-bed acute care hospital, and the Outpatient Surgery Center. The 1,704 square foot space includes a waiting area, reception/business office, two bathrooms, two consult offices, four exam rooms with sinks, and a breakroom. The units are subject to an unsubordinated ground lease which goes through 2087. All buyers will need to be approved by the Ground Lessor and be on staff of San Ramon Regional Medical Center.
Key Highlights
- Prime location steps from San Ramon Regional Medical Center and Outpatient Surgery Center.
- Situated in a first‑class, 30,000 SF medical building.
- Includes 4 Exam Rooms with Sinks.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,810
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,200
$616.2K
Cap Rate 7%
$440,143
$440.1K
Cap Rate 9%
$342,333
$342.3K
Market Conditions
NOI Build-Up for 1,704 SF
Gross rent
$50.1K $29.40/SF
− Vacancy
−$9.0K −$5.29/SF
EGI
$41.1K $24.11/SF
− OpEx
−$10.3K −$6.03/SF
NOI
$30.8K $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%
$616,200
Cap Rate 7%
$440,143
Cap Rate 9%
$342,333
Alternative Uses
Best Use
Office B
$440.1K
$385.1K – $513.5K
NOI $30,810 @ 7.0% cap · market cap 5.94%
Second Best
Healthcare Medical
$360.8K
$315.7K – $421.0K
NOI $25,258 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$644.1K
$563.6K – $751.5K
NOI $45,088 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,546
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office suites near San Ramon Regional Medical Center.
Where is this medical office space located?
The property is located at 5601 Norris Canyon Rd San Ramon, CA.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Prime location steps from San Ramon Regional Medical Center and Outpatient Surgery Center.; Situated in a first‑class, 30,000 SF medical building.; Includes **4 Exam Rooms with Sinks.**
