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    Petaluma Commercial Building for Sale Title is generated by Realmo AI

    719 Southpoint Boulevard, Petaluma, CA 94954

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    For Sale
    $5,300,000

    Commercial building suitable for owner/user or investor with PUD zoning.

    Type:Office
    Property size:
    23,000 SF
    Price / SF:
    $230/SF
    Added:
    Nov 21, 2025
    Days on Market:
    197
    Last Refresh:
    May 19 at 9:56 pm

    Property Features for 719 Southpoint Boulevard

    General Information

    Standard status
    Active
    Size
    23,000 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Jerry Adamson
    Jerry Adamson

    Listing agent Jerry Adamson License #CalDRE #01935945

    Listing office Ground Matrix

    Listing date Nov 21, 2025

    Source Groundmatrix

    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 Ground Matrix

    HighLights

    • Prime commercial building ideal for owner/user or investor with re‑positioning potential.
    • PUD zoning offers flexibility for various business activities.
    • Convenient access to HWY 101.
    • Approx. 120 parking spaces.
    • Full or partial building occupancy options available.
    • Located near Deer Creek Village and Plaza North Shopping Centers.

    Overview

    719 Southpoint Boulevard presents a unique opportunity to purchase a commercial building, suitable for either an owner/user or an investor, and is prime for repositioning. The PUD zoning provides flexibility, and the structure can be modified to accommodate a wide range of business activities. Southpoint Boulevard is located on the East Side of Petaluma, off of N. McDowell Boulevard, a main thoroughfare. The location serves a wide variety of commercial businesses, including professional offices, warehouses, and public service offices such as the DMV. The property is conveniently located near Deer Creek Village and Plaza North Shopping Centers. The building has approximately 120 parking spaces and offers convenient access to HWY 101. Full or partial building occupancy options are available. The property size is approximately 23,000 square feet.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $510.6k $22.20
    − Vacancy −$77.6k −$3.37
    EGI $433.0k $18.83
    − OpEx −$108.2k −$4.71
    NOI $324.7k $14.12
    23,000 SF · lease $22.20/SF/yr · vacancy 15.20% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $4.64M
    $4.06M – $5.41M (±1% cap)
    NOI $324,742 @ 7.0% cap · market cap 6.13%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $6.23M
    $5.45M – $7.27M (±1% cap)
    NOI $436,273 @ 7.0% cap · market cap 8.23%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Raymond E. ... Physician Dr. James E. ... Physician Dr. Richard F. ... Physician Ongaro & Sons Plumbing Service Press Democrat Publishing House

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Petaluma
    County
    Sonoma
    State
    California
    Longitude
    -122.647
    Latitude
    38.2581

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    FAQs

    What type of property is this?
    Office building - Commercial building suitable for owner/user or investor with PUD zoning.
    Where is this office building located?
    The property is located at 719 Southpoint Boulevard Petaluma, CA.
    What is the asking price?
    The asking price for this property is $5,300,000.
    What are key features of this property?
    This property features: Prime commercial building ideal for owner/user or investor with re‑positioning potential.; PUD zoning offers flexibility for various business activities.; Convenient access to HWY 101.
    (415) 472-9960
    We can help!
    Listing Contact
    Jerry Adamson
    Jerry Adamson
    Real Estate License ID: CalDRE #01935945
    Request Owner's contact information
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    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
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