Medical Office Condo
For Sale
Contact for pricing
5601 Norris Canyon Rd, San Ramon, CA 94582
Two medical office suites include exam rooms, consultation areas, and patient waiting spaces.
Property Size30,000 SF
Price / SF$331.07
Days on Market97
Property Features for 5601 Norris Canyon Rd
General Information
Standard status
Active
Size
30,000 SF
Property subtype
OFFICE
Additional Details
Office Units
2
Building Details
Buildings
1
Building Size
30,000 SF
Listing Agency:
Newmark | Walnut Creek
(925) 974-0100
Listed By:
Rick T. Steffens · License #00466002
(925) 974-0110
Source:
Moodyscre
Added: Jul 31
Changed: Oct 25
Last Checked: Nov 4 at 4:00PM
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.
The offering consists of two condominium medical office suites totaling 2,794 square feet within a 30,000-square-foot medical building. The interiors include exam rooms, consultation rooms, and waiting areas arranged for outpatient medical use.
The property is located near San Ramon Regional Medical Center, a 123-bed acute care hospital, and the Outpatient Surgery Center. The suites are subject to an unsubordinated ground lease extending through 2087. Purchasers require approval from the ground lessor and must be on staff at San Ramon Regional Medical Center.
The property is located near San Ramon Regional Medical Center, a 123-bed acute care hospital, and the Outpatient Surgery Center. The suites are subject to an unsubordinated ground lease extending through 2087. Purchasers require approval from the ground lessor and must be on staff at San Ramon Regional Medical Center.
Key Highlights
- Two medical office condo suites totaling 2,794 square feet
- Located within a 30,000‑square‑foot medical building
- Exam rooms, consultation rooms, and waiting areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,518
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,010,360
$1.0M
Cap Rate 7%
$721,686
$721.7K
Cap Rate 9%
$561,311
$561.3K
Market Conditions
NOI Build-Up for 2,794 SF
Gross rent
$82.1K $29.40/SF
− Vacancy
−$14.8K −$5.29/SF
EGI
$67.4K $24.11/SF
− OpEx
−$16.8K −$6.03/SF
NOI
$50.5K $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%
$1,010,360
Cap Rate 7%
$721,686
Cap Rate 9%
$561,311
Alternative Uses
Best Use
Office B
$721.7K
$631.5K – $842.0K
NOI $50,518 @ 7.0% cap · market cap 5.46%
Second Best
Healthcare Medical
$591.6K
$517.7K – $690.3K
NOI $41,415 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$1.06M
$924.1K – $1.23M
NOI $73,929 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
2,546
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94582, CA
49,311
Population
16,531
Households
3
Avg Household Size
39
Median Age
77%
College-Educated
97%
High-School Grad
13.4 sq mi
ZIP Area
3,680
Density / Sq Mi
$211,159
Median Household Income
$114,953
Median Earnings
$2,880
Median Rent
$1,543,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Dog and Cat House Calls
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two medical office suites include exam rooms, consultation areas, and patient waiting spaces.
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 $925,000.
What are key features of this property?
This property features: Two medical office condo suites totaling 2,794 square feet; Located within a 30,000‑square‑foot medical building; Exam rooms, consultation rooms, and waiting areas
