Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    108 Millbrae Avenue Rohnert Park, CA 94928

    View on Map
    Claim this Listing
    New
    For Sale
    $1,200,000

    Commercial Lot - Rohnert Park, CA

    Lot size:
    1.50 Acres
    Added:
    Apr 11, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 12 at 2:06 am

    Property Features for 108 Millbrae Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    045-054-003-000
    Lot size
    1.50 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    JeanetteLynn McFall
    JeanetteLynn McFall

    Listing agent JeanetteLynn McFall License #00956922

    Listing office RE/MAX Gold 120 Stony Point Rd #240, Santa Rosa, CA

    Listing date Apr 11, 2026

    MLS# 326030601 Listing URL

    Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Lot Near Casino

    This is a 1.5-acre commercial corner lot located in Rohnert Park, CA. The property is situated in close proximity to the Graton Rancheria Casino. It is located inside the Northwest Specific Plan area, where it is designated as "Business Park."
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Rohnert Park
    County
    Sonoma
    State
    California
    Longitude
    -122.695
    Latitude
    38.349

    Nearby Similar for Sale

    • $1,379,000
      7,816 SF

      Renovated Office Building in Rohnert

      Two-story office building in Rohnert Park's medical district.
      1370 Medical Center Drive, Rohnert Park, CA 94928
      View Details
    • $699,000

      Versatile Commercial Lot in Rohnert

      Commercial lot with multiple use possibilities in Rohnert Park, CA.
      6603 Redwood Drive, Rohnert Park, CA 94928
      View Details
    • $5,445,100

      Rohnert Park Residential Development Lot

      32.03 acre residential lot with development potential.
      4846 Snyder Lane, Rohnert Park, CA 95404
      View Details
    • $1,295,000
      5,476 SF

      Medical Office Investment Opportunity

      Medical office suites for sale in Rohnert Park, CA.
      1400 Medical Center, Rohnert Park, CA 94928
      View Details
    • $1,379,000
      7,816 SF

      Renovated Office Building in Rohnert

      Two-story office building in Rohnert Park's medical district.
      1370 Medical Center, Rohnert Park, CA 94928
      View Details
    • $2,400,000
      9,671 SF

      Rohnert Park Investment Opportunity

      Prominent Rohnert Park investment property with income and upside.
      5755 Redwood Drive, Rohnert Park, CA 94928
      View Details
    • $1,895,000
      8,352 SF

      Stable Leased Medical Investment

      Leased medical building with development potential in prime location.
      5300 Snyder, Rohnert Park, CA 94928
      View Details
    • $1,727,200

      Residential Lot in Rohnert Park

      Residential lot with development potential in Rohnert Park, California.
      1575 Keiser Avenue, Rohnert Park, CA 95404
      View Details
    • $699,000

      Versatile Commercial Lot For Sale

      Commercial lot with versatile zoning and endless potential.
      6603 Redwood, Rohnert Park, CA 94928
      View Details
    • $2,541,000
      3,414 SF

      Carl's Jr. NNN Lease

      Long-term corporate lease in a high-traffic retail corridor.
      6460 Redwood Dr, Rohnert Park, CA
      View Details
    • $349,000
      615 SF

      Rohnert Park Bi-Level Commercial Suite

      Bi-level commercial suite with private bathroom and storage.
      6650 Commerce #16, Rohnert Park, CA 94928
      View Details
    • $349,000
      622 SF

      Versatile Bi-Level Retail/Office Space

      622 sqft bi-level space ideal for retail or office.
      6650 Commerce #17, Rohnert Park, CA 94928
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.5 acre commercial corner lot near Graton Rancheria Casino.
    Where is this commercial land located?
    The property is located at 108 Millbrae Avenue Rohnert Park, CA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: All usable commercial corner lot; Close proximity to the Graton Rancheria Casino; Inside the Northwest Specific Plan area
    (707) 524-3500
    We can help!
    Listing Contact
    JeanetteLynn McFall
    JeanetteLynn McFall
    Real Estate License ID: 00956922
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!