Versatile Commercial Building in Santa
For Sale
$899,995
1145 Petaluma Hill, Santa Rosa, CA 95404
5,000 sqft commercial building in prime Santa Rosa location.
Property Size5,000 SF
Lot Size0.15 Acres
Price / SF$179
Days on Market323
Property Features for 1145 Petaluma Hill
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.15 Acres
Property subtype
Commercial
Amenities
Concrete Slab Flooring
Building Details
Year Built
1945
Listing Agency:
KELLER WILLIAMS REALTY
7088157
Listed By:
CHRISTINE ADAMS · License #02016680
7088158
Source:
Corcoran
Added: Oct 16, 2025
Changed: Sep 2
Last Checked: Sep 1 at 8:07PM
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 KELLER WILLIAMS REALTY
Investment Insights
Based on property information with market context.
This 5,000 sqft commercial building is located in a readily accessible area of Santa Rosa, near freeways and major retailers, and is situated on a corner lot along a main business thoroughfare, providing high visibility. Currently operating as an appliance parts store, the property is suitable for light industrial, warehouse, retail, or service-based uses. The main warehouse area encompasses approximately 4,000 sqft of open space with high ceilings, suitable for racking, inventory storage, or workspace. An additional 1,000 sqft is allocated to office and storage space at the rear of the warehouse. The designated office space measures approximately 355 sqft, with an additional storage room that could be converted into more office space. The building includes both a roll-up and standard garage door, as well as two bathrooms. The warehouse is equipped with multiple heavy-duty interior shelving units. A second-story loft overlooks the warehouse, providing roughly 800 sqft of additional storage space. The exterior has been freshly painted. Long-term ownership since pre-1974 reflects pride of ownership and lasting value.
Key Highlights
- Prime Santa Rosa location with high visibility on a main business thoroughfare, near freeways and major retailers.
- Versatile 5,000 sqft commercial building suitable for light industrial, warehouse, retail, or service‑based uses.
- Expansive 4,000 sqft warehouse with high ceilings, ideal for racking, inventory storage, or workspace.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,596
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,411,920
$1.4M
Cap Rate 7%
$1,008,514
$1.0M
Cap Rate 9%
$784,400
$784.4K
Market Conditions
NOI Build-Up for 5,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$111.0K $22.20/SF
− Vacancy
−$16.9K −$3.37/SF
EGI
$94.1K $18.83/SF
− OpEx
−$23.5K −$4.71/SF
NOI
$70.6K $14.12/SF
Area
Santa Rosa, CA
Vacancy
15.20%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,411,920
Cap Rate 7%
$1,008,514
Cap Rate 9%
$784,400
Alternative Uses
Best Use
Office B
$1.01M
$882.5K – $1.18M
NOI $70,596 @ 7.0% cap · market cap 7.84%
Second Best
Warehouse
$894.3K
$782.6K – $1.04M
NOI $62,604 @ 7.0% cap · market cap 6.96%
Theoretical Best
Multifamily LT 5
$1.39M
$1.22M – $1.62M
NOI $97,241 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
884
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95404, CA
38,034
Population
16,850
Households
2.3
Avg Household Size
43
Median Age
45%
College-Educated
90%
High-School Grad
75.4 sq mi
ZIP Area
504
Density / Sq Mi
$102,802
Median Household Income
$57,388
Median Earnings
$1,890
Median Rent
$865,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Store More Self Storage — 1235 Lotus Ct, Santa Rosa, CA 95404
- Barham Self Storage — 49 Barham Ave, Santa Rosa, CA 95407
- Olive Street Self Storage — 500 Olive St, Santa Rosa, CA 95407
- Self Storage — 101 4th St, Santa Rosa, CA 95401
Frequently Asked Questions
What type of property is this?
Warehouse - 5,000 sqft commercial building in prime Santa Rosa location.
Where is this warehouse located?
The property is located at 1145 Petaluma Hill Santa Rosa, CA.
What is the asking price?
The asking price for this property is $899,995.
What are key features of this property?
This property features: Prime Santa Rosa location with high visibility on a main business thoroughfare, near freeways and major retailers.; Versatile 5,000 sqft commercial building suitable for light industrial, warehouse, retail, or service‑based uses.; Expansive 4,000 sqft warehouse with high ceilings, ideal for racking, inventory storage, or workspace.
