Established Medical Office
For Sale
$350,000
Hillcrest Ave, Antioch, CA 94531
Well-appointed medical office in a professional complex, approximately 2,002 SF.
Property Size2,002 SF
Lot Size0.08 Acres
Price / SF$174.83
Days on Market423
Property Features for Hillcrest Ave
General Information
Standard status
Active
Size
2,002 SF
Lot size
0.08 Acres
Property subtype
Commercial
Amenities
Common
Composition Roof
Building Details
Year Built
2005
Listing Agency:
HERITAGE REI
(925) 209-0658
Listed By:
MICHAEL PERRY · License #01790016
Source:
Corcoran
Added: Jul 17, 2025
Changed: Sep 10
Last Checked: Sep 12 at 7:09AM
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 HERITAGE REI
Investment Insights
Based on property information with market context.
This medical office is located within an established professional complex and offers approximately 2,002 square feet of space. The layout includes four exam rooms suitable for patient consultations and examinations, along with two private offices designed for administrative tasks. The configuration is intended to facilitate patient flow and privacy, with space for waiting areas and support functions. The professional complex offers convenient access, ample parking, and a maintained environment.
Key Highlights
- Well‑appointed medical office in an established professional complex.
- Approximately 2,002 square feet of versatile space.
- Four spacious exam rooms for patient consultations and examinations.
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
$28,667
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
8.19%
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%
$573,340
$573.3K
Cap Rate 7%
$409,529
$409.5K
Cap Rate 9%
$318,522
$318.5K
Market Conditions
NOI Build-Up for 2,002 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
$51.7K $25.80/SF
− Vacancy
−$13.4K −$6.71/SF
EGI
$38.2K $19.09/SF
− OpEx
−$9.6K −$4.77/SF
NOI
$28.7K $14.32/SF
Area
Antioch, CA
Vacancy
26.00%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
25.00%
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%
$573,340
Cap Rate 7%
$409,529
Cap Rate 9%
$318,522
Alternative Uses
Best Use
Healthcare Medical
$469.2K
$410.5K – $547.4K
NOI $32,843 @ 7.0% cap · market cap 9.38%
Second Best
Office B
$409.5K
$358.3K – $477.8K
NOI $28,667 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$606.4K
$530.6K – $707.5K
NOI $42,450 @ 7.0% cap · market cap 12.13%
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
407
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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Similar Off Market Nearby
- Companion Pet Hospital — 4365 Hillcrest Ave, Antioch, CA 94531
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- Ark Pet Hospital — 2723 Hillcrest Ave, Antioch, CA 94531
Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-appointed medical office in a professional complex, approximately 2,002 SF.
Where is this medical office space located?
The property is located at Hillcrest Ave Antioch, CA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Well‑appointed medical office in an established professional complex.; Approximately 2,002 square feet of versatile space.; Four spacious exam rooms for patient consultations and examinations.
