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    Property profile & analytics

    2953 Alcosta Blvd San Ramon, CA 94583

    • Office buildings
    • 81,011 SF
    • 4.64 lot acres
    OFF-MARKET
    Last Sale
    Jan 19, 2024
    $40,500,000
    Value Estimations
    $40,500,000
    Show details
    Cap Rate Potential
    3.9%
    Office buildings
    Location Intelligence
    Property ID
    US09-3304532
    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 2953 Alcosta Blvd

    Year built
    1980
    Lot size
    4.64 lot acres
    Property size
    81,011 SF
    Zone code
    CM
    Property type
    Office buildings
    APN
    213-020-046-8
    APU
    2130200468

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $40,500,000
      ML approach
      $40,500,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $33,391,000
      Market price range: $14.4M - $41.0M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $27,850,000
      Current use
      RESTAURANT
      $35,425,000
      Change: +27% Conversion: Moderate
      MEDICAL BUILDING
      $29,425,000
      Change: +6% Conversion: Easy
      COMMERCIAL (GENERAL)
      $28,195,000
      Change: +1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    San Ramon
    County
    Contra Costa
    State
    California
    Longitude
    -121.965
    Latitude
    37.7797
    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
    $180,937
    $6,173,300
    $9,326,700
    $15,500,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,725,000
      39,755 SF

      2001 Crow Cyn Rd

      OFFICE BUILDING • 39,755 SF
      2001 Crow Cyn Rd, San Ramon, CA 94583-5368
      View Details
    • Value Estimation
      $2,490,000
      10,692 SF

      2340 San Ramon Vly Blvd

      OFFICE BUILDING • 10,692 SF
      2340 San Ramon Vly Blvd, San Ramon, CA 94583-1608
      View Details
    • Value Estimation
      $32,640,000
      196,408 SF

      12647 Alcosta Blvd

      OFFICE BUILDING • 196,408 SF
      12647 Alcosta Blvd, San Ramon, CA 94583-4439
      View Details
    • Value Estimation
      $40,680,000
      242,697 SF

      6111 Bollinger Cyn Rd

      OFFICE BUILDING • 242,697 SF
      6111 Bollinger Cyn Rd, San Ramon, CA 94583-5186
      View Details
    • Value Estimation
      $38,710,000
      241,452 SF

      2613 Camino Ramon

      OFFICE BUILDING • 241,452 SF
      2613 Camino Ramon, San Ramon, CA 94583-4289
      View Details
    • Value Estimation
      $28,010,000
      154,250 SF

      2000 Crow Cyn Pl

      OFFICE BUILDING • 154,250 SF
      2000 Crow Cyn Pl, San Ramon, CA 94583-4633
      View Details

    Similar Nearby for Sale

    • $8,000,000
      39,371 SF

      San Ramon Office Building For Sale

      39,371 sqft office building in San Ramon, California.
      2001 Crow Canyon Rd, San Ramon, CA 94583
      View Details
    • $1,875,000

      San Ramon Office Property

      Office property available for sale in San Ramon, California.
      10 Crow Canyon Ct, San Ramon, CA 94583
      View Details
    • $2,600,000
      5,040 SF

      San Ramon Commercial Condo

      Commercial condo in San Ramon, leased until January 2027.
      2226 Camino Ramon, San Ramon, CA 94583
      View Details
    • $312,500
      671 SF

      San Ramon Medical/Professional Office Condo

      671 SF medical/professional office condo in Deerwood Office Park.
      111 Deerwood Rd, San Ramon, CA 94583
      View Details
    • Contact for pricing
      1,704 SF

      Medical Office Near San Ramon Hospital

      Medical office suites near San Ramon Regional Medical Center.
      5601 Norris Canyon Rd, San Ramon, CA 94583
      View Details
    • Contact for pricing

      Medical Office Space Available

      Medical office suites for sale in San Ramon, California.
      San Ramon, CA 94583
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,146 SF

      Planned Class A Office Space

      Class A office building planned in Bishop Ranch Business Park.
      6111 Bollinger Canyon Rd, San Ramon, CA 94583
      View Details
    • Contact for pricing
      3,176 SF

      San Ramon Office Space Available

      Spacious office with private offices, conference rooms, and break areas.
      12647-12677 Alcosta Blvd, San Ramon, CA 94583
      View Details
    • Contact for pricing
      1,719 SF

      Modern Office Space Available

      Modern office space featuring exposed ceilings, kitchen, and conference room.
      2000 Crow Canyon Pl, San Ramon, CA 94583
      View Details
    • Contact for pricing
      1,223 SF

      San Ramon Office Space Available

      Second floor office space with reception, offices, conference room.
      2551 San Ramon Valley Blvd, San Ramon, CA 94583
      View Details
    • $4 SF/Yr

      San Ramon Office Sublease Opportunity

      Office space available for sublease in a vibrant San Ramon location.
      144 Sunset Dr, San Ramon, CA 94583
      View Details
    • Contact for pricing

      Flexible Workspace Solutions Available

      Versatile office spaces with coworking and meeting room options.
      2010 Crow Canyon Pl, San Ramon, CA 94583
      View Details
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    San Ramon, CA 94583
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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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