Freestanding Industrial
For Sale
Contact for pricing
1050 Hopper Ave, Santa Rosa, CA 95403
Two-building industrial property with on-site parking and established occupancy by Air Monitor Corp. and United Generator.
Property Size44,165 SF
Lot Size2.10 Acres
Price / SF$169.93
Days on Market161
Property Features for 1050 Hopper Ave
General Information
Standard status
Active
Size
44,165 SF
Lot size
2.10 Acres
Property subtype
Industrial
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$527,294
Additional Details
Highway Access
Yes
Building Details
Year Built
1968
Buildings
2
Tenancy
Multi
Listing Agency:
Cushman & Wakefield - San Francisco, California
Listed By:
Andrew Bogardus · License #CA 00913825
Source:
Crexi
Added: May 8
Changed: Oct 9
Last Checked: Oct 14 at 10:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - San Francisco, California
Investment Insights
Based on property information with market context.
This freestanding industrial property comprises a front building of approximately 40,900 square feet and a rear annex of approximately 3,265 square feet. The improvements were constructed in 1968 and sit on an approximately 91,341-square-foot lot with on-site parking. Air Monitor Corp. and United Generator occupy the buildings.
The property is positioned in North Santa Rosa west of Highway 101, within a mixed-use corridor containing industrial, R&D, and retail properties. Highway 101 carries 112,400 VPD at the location and provides access toward Sonoma County Airport, approximately five miles north. State Route 12 is approximately five miles south, connecting Santa Rosa with Sonoma and Napa Valley. Nearby businesses include Tesla, UPS, Harbor Freight Tools, Sherwin Williams, 24 Hour Fitness, and Trader Joe’s.
The property is positioned in North Santa Rosa west of Highway 101, within a mixed-use corridor containing industrial, R&D, and retail properties. Highway 101 carries 112,400 VPD at the location and provides access toward Sonoma County Airport, approximately five miles north. State Route 12 is approximately five miles south, connecting Santa Rosa with Sonoma and Napa Valley. Nearby businesses include Tesla, UPS, Harbor Freight Tools, Sherwin Williams, 24 Hour Fitness, and Trader Joe’s.
Key Highlights
- ±40,900 square foot front industrial building plus ±3,265 square foot rear annex
- Approximately 91,341‑square‑foot lot with on‑site parking
- Leased to Air Monitor Corp. and United Generator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$465,094
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,301,880
$9.3M
Cap Rate 7%
$6,644,200
$6.6M
Cap Rate 9%
$5,167,711
$5.2M
Market Conditions
NOI Build-Up for 44,165 SF
Gross rent
$694.3K $15.72/SF
− Vacancy
−$29.9K −$0.68/SF
EGI
$664.4K $15.04/SF
− OpEx
−$199.3K −$4.51/SF
NOI
$465.1K $10.53/SF
Area
Santa Rosa, CA
Vacancy
4.30%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,301,880
Cap Rate 7%
$6,644,200
Cap Rate 9%
$5,167,711
Alternative Uses
Best Use
Industrial
$6.64M
$5.81M – $7.75M
NOI $465,094 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$12.27M
$10.74M – $14.32M
NOI $858,925 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,220
Businesses Nearby
Explore this area
Business Placement
Demographics for 95403, CA
44,705
Population
17,504
Households
2.6
Avg Household Size
39
Median Age
27%
College-Educated
87%
High-School Grad
21.5 sq mi
ZIP Area
2,079
Density / Sq Mi
$94,480
Median Household Income
$45,928
Median Earnings
$2,215
Median Rent
$651,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Industrial property - Two-building industrial property with on-site parking and established occupancy by Air Monitor Corp. and United Generator.
Where is this industrial property located?
The property is located at 1050 Hopper Ave Santa Rosa, CA.
What is the asking price?
The asking price for this property is $7,505,000.
What are key features of this property?
This property features: ±40,900 square foot front industrial building plus ±3,265 square foot rear annex; Approximately 91,341‑square‑foot lot with on‑site parking; Leased to Air Monitor Corp. and United Generator
