Santa Rosa Office Building For
For Sale
$585,000
145 Wikiup, Santa Rosa, CA 95403
Two-story office building with modern upgrades and ample parking.
Property Size1,916 SF
Price / SF$305.32
Days on Market529
Property Features for 145 Wikiup
General Information
Standard status
Active
Size
1,916 SF
Building Details
Year Built
1977
Listing Agency:
FOWLER ASSOCIATES
Listed By:
TERRY O FOWLER
4330405
Source:
Corcoran
Added: May 6, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:08AM
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 FOWLER ASSOCIATES
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story office building is located off Old Redwood Highway near Larkfield. The building features four offices, a copy room, and two conference rooms, one of which can be divided to create two additional large offices. Each level has a bathroom, and there is also a kitchenette. Recent upgrades include new paint, carpet, HVAC, and dual-pane windows. Window coverings are included. The property is situated on a landscaped half-acre lot with mature trees and a private patio. There are 12 on-site parking spaces. The building size is 1916 square feet.
Key Highlights
- Convenient location near Old Redwood Hwy and Larkfield.
- Move‑in ready with newer paint, carpet, HVAC, and dual pane windows.
- Functional layout with 4 offices, copy room, and 2 conference rooms (one divisible).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,052
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,040
$541.0K
Cap Rate 7%
$386,457
$386.5K
Cap Rate 9%
$300,578
$300.6K
Market Conditions
NOI Build-Up for 1,916 SF
Gross rent
$42.5K $22.20/SF
− Vacancy
−$6.5K −$3.37/SF
EGI
$36.1K $18.83/SF
− OpEx
−$9.0K −$4.71/SF
NOI
$27.1K $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 Rate 5%
$541,040
Cap Rate 7%
$386,457
Cap Rate 9%
$300,578
Alternative Uses
Best Use
Office B
$386.5K
$338.2K – $450.9K
NOI $27,052 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$532.3K
$465.8K – $621.1K
NOI $37,263 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
250
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with modern upgrades and ample parking.
Where is this office building located?
The property is located at 145 Wikiup Santa Rosa, CA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Convenient location near Old Redwood Hwy and Larkfield.; Move‑in ready with newer paint, carpet, HVAC, and dual pane windows.; Functional layout with 4 offices, copy room, and 2 conference rooms (one divisible).
