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    Property profile & analytics

    2255 Contra Costa Blvd Pleasant Hill, CA 94523

    • Office buildings
    • 28,434 SF
    • 0.51 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3273134
    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

    • Office buildings

    Property Details for 2255 Contra Costa Blvd

    Year built
    1976
    Lot size
    0.51 lot acres
    Property size
    28,434 SF
    Property type
    Office buildings
    APN
    150-300-015-8
    APU
    1503000158

    Description

    The Citibank Building, located at 2255 Contra Costa Blvd, Pleasant Hill, CA 94523, offers exceptional executive office space for lease. This three-story building, constructed in 1976, boasts a total of 28,417 square feet and sits on a 0.51-acre lot. Currently, there are multiple tenancies available, with a range of sizes to accommodate various business needs. Individual suites range from a minimum of 1,285 square feet to a maximum contiguous space of 2,716 square feet, with a total of 5,618 square feet currently vacant. The building is conveniently located near Monument Blvd in Contra Costa County and provides ample parking, with a ratio of approximately 4 spaces per 1,000 square feet. The property is classified as an Executive Office building, ideal for professional businesses seeking a prestigious and functional workspace. This is a fantastic opportunity to secure high-quality office space in a desirable Pleasant Hill location. Inquire today for more details and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,497,000
      Market price range: $5.50M - $12.6M

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

    Location Insight

    • Map
    • Local Demand
    City
    Pleasant Hill
    County
    Contra Costa
    State
    California
    Longitude
    -122.061
    Latitude
    37.9457
    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
    $24,127
    $501,179
    $1,084,709
    $1,585,888
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $17,025,000
      130,000 SF

      2300 Contra Costa Blvd

      OFFICE BUILDING • 130,000 SF
      2300 Contra Costa Blvd, Pleasant Hill, CA 94523-3918
      View Details
    • Value Estimation
      $2,250,000
      19,810 SF

      2255 Morello Ave

      OFFICE BUILDING • 19,810 SF
      2255 Morello Ave, Pleasant Hill, CA 94523-1824
      View Details
    • Value Estimation by Request
      3,972 SF

      20 Doray Dr

      OFFICE BUILDING • 3,972 SF
      20 Doray Dr, Pleasant Hill, CA 94523
      View Details
    • Value Estimation
      $575,000
      5,266 SF

      70 Doray Dr

      OFFICE BUILDING • 5,266 SF
      70 Doray Dr, Pleasant Hill, CA 94523-2981
      View Details
    • Value Estimation by Request
      3,120 SF

      101 Ellinwood Dr

      OFFICE BUILDING • 3,120 SF
      101 Ellinwood Dr, Pleasant Hill, CA 94523-7722
      View Details
    • Value Estimation
      $2,300,000
      20,000 SF

      3309 Vincent Rd

      OFFICE BUILDING • 20,000 SF
      3309 Vincent Rd, Pleasant Hill, CA 94523-4300
      View Details

    Similar Nearby for Sale

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      Updated Single Story Office Building

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    • $850,000
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      Pleasant Hill Land Opportunity

      Large lot in Pleasant Hill, CA, with development potential.
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      View Details
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      Specialty Property For Sale

      Specialty property available for sale.
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    • New
      $9,500,000
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      Concord Land with Development Potential

      1.72-acre land in Concord, CA, with density bonus potential.
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    Similar Nearby for Lease

    • $1.50 SF/Yr
      8,000 SF

      Pleasant Hill Office Space Available

      Office space for rent with excellent freeway access.
      2285 Morello Ave, Pleasant Hill, CA 94523
      View Details
    • Contact for pricing
      1,631 SF

      Office Space in Pleasant Hill

      Office space available in grocery-anchored neighborhood center.
      1892-1978 Contra Costa Blvd, Pleasant Hill, CA 94523
      View Details
    • Contact for pricing
      2,680 SF

      Renovated Retail & Office Space

      Newly renovated retail and office space with high traffic frontage.
      620 Contra Costa Blvd, Pleasant Hill, CA 94523
      View Details
    • $21 SF/Yr
      9,378 SF

      Pleasant Hill Executive Office Suite

      400 SF Office, Prime Pleasant Hill Location
      70 Doray Dr, Pleasant Hill, CA 94523
      View Details
    • Contact for pricing
      4,656 SF

      Class A Office Space Available

      Class A office space in Pleasant Hill, near BART.
      3478 Buskirk Ave, Pleasant Hill, CA 94523
      View Details
    • Contact for pricing
      4,242 SF

      Pleasant Hill Office Space

      Office space with fitness center, conference room, and free parking.
      2300 Contra Costa Blvd, Pleasant Hill, CA 94523
      View Details
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    Pleasant Hill, CA 94523
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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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