1494 Balhan DrConcord, CA 94521

  • Medical offices
  • 4,000 SF

Property Details for 1494 Balhan Dr

Year built
1968
Lot size
0.36 AC
Property size (Sq ft)
4,000 SF
Zone code
PD
Property type
Medical offices
Property subtype
Medical centers
APN
120-081-044-6
APU
1200810446

Description

This exceptional Concord, California medical office space, located at 1494 Balhan Drive, offers a fantastic opportunity for healthcare professionals seeking a well-situated and versatile space. The property, classified as a Class B building, boasts a total of 4,000 square feet, with 2,600 square feet currently available for lease. This contiguous space is ideal for a variety of medical practices or related businesses, offering flexibility with a minimum divisible space of 1,700 square feet and a maximum contiguous space of 2,600 square feet. The building features a single suite, ensuring privacy and control. The property sits on a 0.36-acre lot and provides ample on-site parking for staff and clients, a significant advantage in this busy area. The zoning is Neighborhood Commercial (NC), making it suitable for a range of uses. The property's location in Concord, CA, zip code 94521, offers easy access to major transportation routes and a thriving local community. The Contra Costa County location provides access to a large and diverse patient base. The APN is 178-160-018-2. This is a rare opportunity to secure a well-maintained and conveniently located medical office space in a desirable area. Inquire today to learn more about leasing this exceptional property.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,093,770
    6.5%
    $1,932,710
    7%
    $1,794,660
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,321,170
    Geo Method
    $1,115,640
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $3,795,390
    Retail / Commercial
    $1,948,150
    Mixed-Use / Specialty
    $1,942,700
    Hospitality / Lodging
    $1,427,240
    Institutional / Educational
    $2,020,160
    Residential Income
    $2,363,590
    Multifamily
    $2,826,470
    Automotive / Energy
    $1,731,560
    Parking / Income-Based Land
    $596,066
    Restaurant / Food Service
    $1,013,600
    Healthcare / Senior Housing
    $1,990,670

Location Insight

City
Concord
County
Contra Costa
State
California
Latitude
37.9522
Longitude
-121.963
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
$8,727
$339,771
$339,771
$679,542
-
-
-
-

FAQs

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