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    21 Lafayette Cir Lafayette, CA 94549
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    Property profile & analytics

    21 Lafayette Cir Lafayette, CA 94549

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    • Lifestyle centers
    • 74,355 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • La Fiesta Square / Shopping Center & Mall
    • Cortese Investment Co / Construction Company / General Contractor
    • Home staging Lafayette / Event Planning / Wedding Service
    • Dennis Loo & Associates / Financial Advisor

    Property Details for 21 Lafayette Cir

    Year built
    1985
    Property size
    74,355 SF
    Property type
    Lifestyle centers
    Property subtype
    Retail properties & Spaces

    Description

    La Fiesta Square, located at 21 Lafayette Cir, Lafayette, CA 94549, presents a unique investment opportunity in a thriving Northern California lifestyle center. This 74,355 square foot property, built in 1985 and zoned RB (Retail Business), is situated on a full city block at the intersection of Mt. Diablo Blvd. and Moraga Rd., offering unparalleled accessibility. The center boasts a curated mix of high-quality tenants, including Blue Mercury, J. McLaughlin, The Shade Store, Chico's, Roam Artisan Burgers, Starbucks, and Tutu's, catering to a diverse clientele of local residents, St. Mary's College students, and employees from the surrounding area. Five retail or restaurant spaces are currently available, ranging from 645 to 4,918 square feet, providing flexibility for various business models. Its central location in downtown Lafayette ensures high visibility and foot traffic, further enhanced by its proximity to Highway 24 and BART. This established center offers a strong track record and significant potential for future growth within Contra Costa County's vibrant market. The property's prime location and tenant mix make it an attractive investment for discerning buyers seeking a stable and high-performing asset in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Contra Costa
    State
    California
    Longitude
    -122.12
    Latitude
    37.8915

    Comparable in this City

    • Value Estimation by Request
      4,564 SF

      21 Lafayette Cir

      Individual retail properties • 4,564 SF
      21 Lafayette Cir, Lafayette, CA 94549
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    • Value Estimation
      $5,055,000
      25,793 SF

      3502 Mt Diablo Blvd

      REGIONAL SHOPPING CENTER, MALL • 25,793 SF
      3502 Mt Diablo Blvd, Lafayette, CA 94549-3852
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    • Value Estimation by Request
      1.81 Acres

      3502 Mt Diablo Blvd

      REGIONAL SHOPPING CENTER, MALL • 1.81 Acres
      3502 Mt Diablo Blvd, Lafayette, CA 94549-3852
      View Details
    • Value Estimation
      $695,000
      2,617 SF

      3427 Golden Gate Way, Unit 4

      REGIONAL SHOPPING CENTER, MALL • 2,617 SF
      3427 Golden Gate Way, Lafayette, CA 94549-4532
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    • Value Estimation
      $12,995,000
      86,215 SF

      Mt Diablo Blvd

      REGIONAL SHOPPING CENTER, MALL • 86,215 SF
      Mt Diablo Blvd, Lafayette, CA 94549
      View Details
    • Value Estimation
      $1,400,000
      8,907 SF

      3524 Mt Diablo Blvd

      REGIONAL SHOPPING CENTER, MALL • 8,907 SF
      3524 Mt Diablo Blvd, Lafayette, CA 94549-3882
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,461 SF

      Lafayette Retail Condominiums For Sale

      Retail condominiums fronting Mt. Diablo Boulevard in downtown Lafayette, CA.
      3664 Mt Diablo Blvd, Lafayette, CA 94549
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      1,600 SF

      Single-Tenant Retail Building For Sale

      Single-tenant retail building leased through August of 2027.
      986 Moraga Rd, Lafayette, CA 94549
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      8,282 SF

      Moraga Road Retail Opportunity

      8,282 SF retail property in Lafayette, California.
      990 Moraga Rd, Lafayette, CA 94549
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    • New
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      Lafayette Estate Property Opportunity

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      Lafayette View Lot Opportunity

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      Lafayette Two-Home Compound with Views

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    Similar Nearby for Lease

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      645 SF

      Prime Retail Space in Lafayette

      Upscale retail space in a vibrant Lafayette lifestyle center.
      61 Lafayette Cir, Lafayette, CA 94549
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      Prime Retail Space in Lafayette

      Upscale retail space in a vibrant Lafayette lifestyle center.
      965-973 Moraga Rd, Lafayette, CA 94549
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    • $3 SF/Yr
      2,145 SF

      Retail Space in Lafayette, CA

      Retail space for lease in a prime Lafayette location.
      3474 Mt Diablo Blvd, Lafayette, CA 94549
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      850 SF

      Retail Space in Downtown Lafayette

      Prime retail space in a grocery-anchored center.
      3629-3631 Mt Diablo Blvd, Lafayette, CA 94549
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      Downtown Lafayette Retail Space Available

      2,012 SF retail space in a charming downtown center.
      3606 Mt Diablo Blvd, Lafayette, CA 94549
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    • Contact for pricing
      2,878 SF

      Lafayette Office Space For Lease

      Office property for lease with easy highway access.
      3291 Mt Diablo Ct, Lafayette, CA 94549
      View Details
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    Lafayette, CA 94549
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    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
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    21 Lafayette Cir, Lafayette, CA, 94549
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