Medical Office Near San Ramon
5601 Norris Canyon Rd San Ramon, CA
5601 Norris Canyon Rd, San Ramon, CA, 00000
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For Sale
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Medical office suites near San Ramon Regional Medical Center.
Property Size1,704 SF
Lot Size34.51 Acres
Price / SF$304.58
Days on Market1077
Property Features for 5601 Norris Canyon Rd
General Information
- Standard status
- Active
- Size
- 1,704 SF
- Lot size
- 34.51 Acres
- Property subtype
- OFFICE
Listing Agency
Newmark | Walnut Creek
(925) 997-1353
Listed by
Nelson Roberts
(831) 293-4630
Source
Moodyscre
Added: Aug 10, 2023 Updated: Jul 6 at 10:06 am Checked: Jul 20 at 2:40 am
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
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.1k | $29.40 |
| − Vacancy | −$9.0k | −$5.29 |
| EGI | $41.1k | $24.11 |
| − OpEx | −$10.3k | −$6.03 |
| NOI | $30.8k | $18.08 |
1,704 SF · lease $29.40/SF/yr · vacancy 18.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Aileen Murphy
Physician
Severance Douglas E ...
Pediatrician
Dr. Rishi Sawhney, ...
Physician
Michael L. Wynn, ...
Physician
Suzanne Maska MD, ...
Physician
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FAQs
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.**
