Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5601 Norris Canyon Rd San Ramon, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Medical office suites near San Ramon Regional Medical Center.

    Type:OFFICE
    Property size:
    1,704 SF
    Lot size:
    34.51 Acres
    Added:
    Dec 19, 2022
    Days on Market:
    1217
    Last Refresh:
    Apr 5 at 9:14 pm

    Property Features for 5601 Norris Canyon Rd

    General Information

    Standard status
    Active
    Size
    1,704 SF
    Lot size
    34.51 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 5601 Norris Canyon Rd Contact us

    We can help!

    Listing Contact
    Rick T. Steffens
    Rick T. Steffens

    Listing agent Rick T. Steffens

    Listing office Newmark | Walnut Creek

    Listing date Dec 19, 2022

    Source Moodyscre

    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

    Overview

    Medical Office Near San Ramon Hospital

    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.
    Property Profile Insight Report 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

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Pet Care Depot — 2004 Bishop Dr, San Ramon, CA 94583
    • Bishop Ranch Veterinary Center: Dodd Michele DVM — 2000 Bishop Dr, San Ramon, CA 94583
    • Bishop Ranch Veterinary Center: Taylor Leanne DVM — 2000 Bishop Dr, San Ramon, CA 94583
    • Custom Care Compounding — 2551 San Ramon Valley Blvd UNIT 112, San Ramon, CA 94583
    • Bishop Ranch Veterinary Center: Utchen Franklin DVM — 2000 Bishop Dr, San Ramon, CA 94583

    Location Insight

    • Map
    • Local Demand
    City
    San Ramon
    County
    Contra Costa
    State
    California
    Longitude
    -121.958
    Latitude
    37.7779

    Nearby Similar for Sale

    • $312,500
      671 SF

      San Ramon Medical/Professional Office Condo

      671 SF medical/professional office condo in Deerwood Office Park.
      111 Deerwood RD 360, SAN RAMON, CA 94583
      View Details
    • $8,000,000
      39,371 SF

      San Ramon Office Building For Sale

      39,371 sqft office building in San Ramon, California.
      2001 Crow Canyon Rd, San Ramon, CA 94583
      View Details
    • $2,600,000
      5,040 SF

      San Ramon Commercial Condo

      Commercial condo in San Ramon, leased until January 2027.
      2226 Camino Ramon, San Ramon, CA 94583
      View Details
    • $312,500
      671 SF

      Deerwood Office Park Condo

      671 SF medical/professional office condo in San Ramon.
      111 Deerwood Road, Suite 360, San Ramon, CA 94583
      View Details
    • $8,666,667
      12,868 SF

      Walgreens NNN Investment Opportunity

      Single-tenant Walgreens in high-traffic San Ramon location.
      11440 Windemere Pkwy, San Ramon, CA 94582
      View Details
    • $7,900,000
      10,204 SF

      Childcare Facility with Playgrounds

      Turnkey childcare facility permitted for 150 children near Highway 680.
      2671 Crow Canyon Rd, San Ramon, CA
      View Details
    • $6,300,000

      Senior Assisted Living Development Land

      Land with entitlements for a residential assisted living facility.
      19251 San Ramon Valley Blvd, San Ramon, CA 94583
      View Details
    • $1,300,000
      2,100 SF

      Adaptable Commercial Building For Sale

      Versatile commercial building suitable for various uses, with private parking.
      Omega Rd, San Ramon, CA 94583
      View Details
    • $1,300,000
      2,100 SF

      Adaptable Commercial Building For Sale

      Versatile commercial building suitable for daycare, school, or office use.
      2120 Omega Rd, SAN RAMON, SAN RAMON, CA 94583
      View Details
    • $1,875,000
      5 SF

      San Ramon Office Property

      Office property available for sale in San Ramon, California.
      10 Crow Canyon Ct. | San Ramon, CA 94583, CA 94583
      View Details
    • Contact for pricing
      112,553 SF

      San Ramon Grocery-Anchored Center

      112,553 SF neighborhood center in San Ramon, California.
      21001 San Ramon Valley Blvd, San Ramon, CA 94583
      View Details
    • $2,700,000

      Gas Station in San Ramon

      Gas station opportunity in a Contra Costa County community.
      2350 San Ramon Valley Blvd, San Ramon, CA 94583
      View Details

    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 $500,000.
    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.**
    (925) 974-0100 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Rick T. Steffens
    Rick T. Steffens
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!