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    2340 Santa Rita Rd Pleasanton, CA 94566

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    2340 Santa Rita Rd Pleasanton, CA 94566

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    • Office buildings
    • 12,806 SF
    • 1.00 lot acres
    For Lease
    $1,720,000
    View Listing →
    High Visibility Location Office Space For Lease
    $1,720,000

    High Visibility Location Office Space

    Office space with signage available, near downtown Pleasanton.

    2340 Santa Rita Rd, Pleasanton, CA 94566
    View Listing
    Property ID
    US09-7873682
    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.
    Value Estimations
    $1,720,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jill Cash - State Farm Insurance Agent / Insurance Agency
    • Inspire Academy of Music and Arts / Vocational School / Training Center
    • Seishindo Acupuncture / Medical Clinic / Alternative Medicine Practice
    • Spinal Health Chiropractic / Alternative Medicine Practice
    • Forever Young Chiropractic / Alternative Medicine Practice

    Property Details for 2340 Santa Rita Rd

    Year built
    1985
    Construction
    WOOD
    Lot size
    1.00 lot acres
    Property size
    12,806 SF
    Property type
    Office buildings
    APN
    946-4550-21
    APU
    946455021

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,725,000
      ML approach
      $1,805,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,219,000
      Market price range: $1.21M - $3.98M

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

    Location Insight

    • Map
    • Local Demand
    City
    Pleasanton
    County
    Alameda
    State
    California
    Longitude
    -121.876
    Latitude
    37.683
    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
    2023
    $24,680
    $1,042,471
    $1,061,311
    $2,103,782
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      996 SF

      39 California Ave Ste, Unit 201

      OFFICE BUILDING • 996 SF
      39 California Ave Ste, Pleasanton, CA 94566-6281
      View Details
    • Value Estimation
      $2,045,000
      8,064 SF

      5506 Sunol Blvd

      OFFICE BUILDING • 8,064 SF
      5506 Sunol Blvd, Pleasanton, CA 94566-7779
      View Details
    • Value Estimation
      $575,000
      2,917 SF

      218 Ray St

      OFFICE BUILDING • 2,917 SF
      218 Ray St, Pleasanton, CA 94566-6620
      View Details
    • Value Estimation by Request
      1,092 SF

      261 Spg St

      OFFICE BUILDING • 1,092 SF
      261 Spg St, Pleasanton, CA 94566-6625
      View Details
    • Value Estimation
      $13,600,000
      72,921 SF

      6601 Koll Ctr Pkwy

      OFFICE BUILDING • 72,921 SF
      6601 Koll Ctr Pkwy, Pleasanton, CA 94566-3112
      View Details
    • Value Estimation
      $5,445,000
      19,679 SF

      7139 Koll Ctr Pkwy

      OFFICE BUILDING • 19,679 SF
      7139 Koll Ctr Pkwy, Pleasanton, CA 94566-3120
      View Details

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      Pleasanton Office and Warehouse Space

      Office and warehouse space in a vibrant Pleasanton location.
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    • $1,688,888
      1.50 Acres

      1.5 Acres in Pleasanton, CA

      1.5 acre lot near downtown Pleasanton with development potential.
      327 Linden Way, Pleasanton, CA 94566
      View Details
    • $1,100,000
      0.27 Acres

      Downtown Pleasanton Mixed-Use Lot

      Vacant lot in downtown Pleasanton, zoned for mixed-use.
      Old Bernal Ave, Pleasanton, CA 94566
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr

      Pleasanton Office Building For Rent

      Full-service office building in a vibrant Pleasanton location.
      480 Saint John St, Pleasanton, CA 94566
      View Details
    • Contact for pricing
      3,546 SF

      Class A Office Building

      Two-story office building in Bernal Corporate Park available for lease.
      6600 Koll Center Pkwy, Pleasanton, CA 94566
      View Details
    • Contact for pricing

      Flexible Workspace Solutions Available

      Global network of workspaces with tailored office solutions.
      6701 Koll Center Pkwy, Pleasanton, CA 94566
      View Details
    • $33 SF/Yr
      16,699 SF

      Pleasanton Office Space For Lease

      LEED Gold Certified office space in Bernal Corporate Park.
      6801 Koll Center Pkwy, Pleasanton, CA 94566
      View Details
    • $1.90 SF/Yr
      15,574 SF

      Pleasanton Office Warehouse for Lease

      Office warehouse in a vibrant Pleasanton neighborhood, convenient location.
      1039 Serpentine Ln, Pleasanton, CA 94566
      View Details
    • Contact for pricing
      7,935 SF

      Pleasanton Flex Space Available

      Flex space available in Pleasanton, accessible to highways and amenities.
      6920 Koll Center Pkwy, Pleasanton, CA 94566
      View Details
    View Listing
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    Pleasanton, CA 94566
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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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    2340 Santa Rita Rd, Pleasanton, CA, 94566

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