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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1 Bates Blvd Orinda, CA 94563

    • Office buildings
    • 11,212 SF
    • 0.99 lot acres
    For Lease
    View listing
    Last Sale
    Mar 04, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2793125
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mary H Smith DDS, A Professional Corporation / Dentist
    • Dr. Cecelia Thomas, DDS / Dentist
    • Charles A. Lee / Estate Planning Attorney
    • Orinda Physical Therapy Center / Physical Therapy Clinic
    • Low Sheldon C / Physical Therapist

    Property Details for 1 Bates Blvd

    Year built
    1987
    Lot size
    0.99 lot acres
    Property size
    11,212 SF
    Zone code
    O1
    Property type
    Office buildings
    APN
    268-013-004-0
    APU
    2680130040

    Description

    This exceptional medical office space, located at 1 Bates Blvd in Orinda, California, presents a unique leasing opportunity. The building, situated on a 0.989-acre lot and constructed in 1988, offers a total of 11,212 square feet. Currently, 2,600 square feet is available for lease, ideal for a growing medical practice or expansion. The property is conveniently located near Davis Rd in Contra Costa County, zip code 94563, providing easy access for patients and staff. The building's classification as a multi-tenant property ensures a vibrant and collaborative environment. The property's address is 1 Bates Blvd, Orinda, CA 94563. This is a prime opportunity to secure a well-located, spacious medical office in a desirable area. The building's existing infrastructure and convenient location make it an attractive option for various medical specialties. The available space offers flexibility for customization to meet specific practice needs. Don't miss this chance to establish or expand your medical practice in this thriving community. The 2,600 square feet of vacant space is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,986,000
      Market price range: $1.99M - $5.68M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Orinda
    County
    Contra Costa
    State
    California
    Longitude
    -122.18
    Latitude
    37.8817
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $23,519
    $156,939
    $1,331,957
    $1,488,896
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,580,000
      9,269 SF

      81 Moraga Way

      OFFICE BUILDING • 9,269 SF
      81 Moraga Way, Orinda, CA 94563-3045
      View Details
    • Value Estimation
      $980,000
      5,053 SF

      112 Camino Pablo

      OFFICE BUILDING • 5,053 SF
      112 Camino Pablo, Orinda, CA 94563
      View Details
    • Value Estimation
      $5,600,000
      9,102 SF

      93 Moraga Way

      OFFICE BUILDING • 9,102 SF
      93 Moraga Way, Orinda, CA 94563-3036
      View Details
    • Value Estimation
      $2,180,000
      10,960 SF

      51 Moraga Way

      OFFICE BUILDING • 10,960 SF
      51 Moraga Way, Orinda, CA 94563-3037
      View Details
    • Value Estimation
      $1,365,000
      9,400 SF

      14 Orinda Way

      OFFICE BUILDING • 9,400 SF
      14 Orinda Way, Orinda, CA 94563-2519
      View Details
    • Value Estimation
      $28,885,000
      92,046 SF

      4 Orinda Way

      OFFICE BUILDING • 92,046 SF
      4 Orinda Way, Orinda, CA 94563-2515
      View Details

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      Land • 1.65 Acres
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      Residential Land for Dream Home

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    Similar Nearby for Lease

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    • $7,800,000
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      Orinda Office Space For Rent

      Downtown Orinda office space with easy access to Highway 24.
      89 Davis Rd, Orinda, CA 94563
      View Details
    • $1.75 SF/Yr
      769 SF

      Orinda Office Suite For Rent

      Office suite with restroom and private parking in Orinda.
      19 Orinda Way, Orinda, CA 94563
      View Details
    • Contact for pricing
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      Move-in Ready Orinda Office Space

      Functional office space near Highway 24 and Orinda BART.
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      View Details
    • Contact for pricing
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      Orinda Way Office Space

      Office space available for rent in Orinda, California.
      25 Orinda Way, Orinda, CA 94563
      View Details
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    1 Bates Blvd
    Orinda, CA 94563
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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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