Medical/Dental Office Building For
For Sale
Contact for pricing
5249 Deer Valley Rd, Antioch, CA 94531
Trophy medical/dental office building in Antioch, CA. 83% leased.
Property Size26,382 SF
Lot Size1.08 Acres
Price / SF$199.95
Days on Market1081
Property Features for 5249 Deer Valley Rd
General Information
Standard status
Active
Size
26,382 SF
Class
B
Lot size
1.08 Acres
Property subtype
Office
Zoning
P-D
Occupancy
80%
Lease Type
NNN
Investment Type
Stabilized
Building Details
Year Built
1999
Buildings
1
Stories
3
Units
12
Tenancy
Multi
Listing Agency:
Lee & Associates - Walnut Creek
Listed By:
Alex Peck · License #CA 01981426
(650) 787-1535
Source:
Crexi
Added: Sep 28, 2023
Changed: Sep 4
Last Checked: Sep 12 at 5:41AM
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 Lee & Associates - Walnut Creek
Investment Insights
Based on property information with market context.
Located at 5249 Deer Valley Road in Antioch, CA, this medical/dental office building presents an opportunity to acquire a trophy property. The building has a total rentable area of 24,638 square feet and is currently 83% leased to nine tenants. The property includes two vacant units with dental buildouts and one unit with traditional spec office. The property is situated on a 1.08-acre lot and offers a parking ratio of 4.6/1000 SF. The property is located one mile from Kaiser Permanente Hospital and near major freeways. Brentwood, Concord, and Walnut Creek are also nearby. Recent capital expenditure items and improvements include a new Pelican HVAC controller, updated fire sprinkler heads, and a parking lot slurry coat. The three tenants expiring in the next twelve months have all submitted their exercise of options. The property is suitable for medical and dental practices.
Key Highlights
- Immaculately well‑kept medical/dental office building in a highly sought‑after asset class.
- Stable investment with 83% occupancy and tenants exercising renewal options.
- Two vacant units with existing dental buildouts, minimizing tenant improvement expenses.**
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
$432,802
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
8.20%
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%
$8,656,040
$8.7M
Cap Rate 7%
$6,182,886
$6.2M
Cap Rate 9%
$4,808,911
$4.8M
Market Conditions
NOI Build-Up for 26,382 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
$775.6K $29.40/SF
− Vacancy
−$54.3K −$2.06/SF
EGI
$721.3K $27.34/SF
− OpEx
−$288.5K −$10.94/SF
NOI
$432.8K $16.41/SF
Area
Antioch, CA
Vacancy
7.00%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
40.00%
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%
$8,656,040
Cap Rate 7%
$6,182,886
Cap Rate 9%
$4,808,911
Alternative Uses
Best Use
Healthcare Medical
$6.18M
$5.41M – $7.21M
NOI $432,802 @ 7.0% cap · market cap 8.20%
Second Best
Office B
$5.40M
$4.72M – $6.30M
NOI $377,764 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$7.99M
$6.99M – $9.32M
NOI $559,404 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94531, CA
45,342
Population
13,888
Households
3.3
Avg Household Size
37
Median Age
32%
College-Educated
90%
High-School Grad
14.0 sq mi
ZIP Area
3,239
Density / Sq Mi
$123,428
Median Household Income
$55,075
Median Earnings
$3,063
Median Rent
$660,200
Median Home Value
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 - Trophy medical/dental office building in Antioch, CA. 83% leased.
Where is this medical office space located?
The property is located at 5249 Deer Valley Rd Antioch, CA.
What is the asking price?
The asking price for this property is $5,275,000.
What are key features of this property?
This property features: Immaculately well‑kept medical/dental office building in a highly sought‑after asset class.; Stable investment with 83% occupancy and tenants exercising renewal options.; Two vacant units with existing dental buildouts, minimizing tenant improvement expenses.**
