Mixed-Use Investment
For Sale
Contact for pricing
Pending
2321-2329 Circadian Way, Santa Rosa, CA 95407
Mixed-use property with existing tenant and expansion potential.
Property Size54,529 SF
Days on Market1103
Property Features for 2321-2329 Circadian Way
General Information
Standard status
Pending
Size
54,529 SF
Property subtype
Office, Industrial
Building Details
Year Built
1997
Listing Agency:
Newmark - San Rafael
Listed By:
Barry Palma · License #00901364
Source:
Crexi
Added: Jul 25, 2023
Changed: Jul 10
Last Checked: Jul 30 at 10:16AM
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 Newmark - San Rafael
Investment Insights
Based on property information with market context.
This investment offering features a mixed-use property suitable for a company aiming to occupy approximately 42,319 square feet while benefiting from additional income to offset mortgage expenses. Grow Strong Industries currently leases approximately 12,210 square feet at 2321 Circadian Way until April 2026. This arrangement provides the buyer with the flexibility to expand into the leased space upon its vacancy or to re-lease it to another tenant. Situated in Northpoint Business Park, established in 1986, the property is zoned BP (business park), accommodating light manufacturing, office, and warehouse uses. The business park hosts a variety of tenants, including a Kaiser Permanente Medical Office Building, Sonic (internet provider), a Veteran Administration Office Building, Amy’s Kitchen, County of Sonoma department offices, Medic Ambulance service for the County of Sonoma, Satellite Health Dialysis Office, and Info-Stor, a document storage facility. The building is equipped with 1,600 amps of three-phase power at 277/480 volts and is serviced by city water and sewer. The property's total size is 54,529 square feet.
Key Highlights
- ±42,319 sf building ideal for owner‑occupancy with income potential.
- Existing tenant leases ±12,210 sf until April 2026, offering immediate income.
- Located in Northpoint Business Park near Kaiser Permanente, Sonic, and the Veteran Administration.
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 | $1.21M | $22.20 |
| − Vacancy | −$184.0k | −$3.37 |
| EGI | $1.03M | $18.83 |
| − OpEx | −$256.6k | −$4.71 |
| NOI | $769.9k | $14.12 |
54,529 SF · lease $22.20/SF/yr · vacancy 15.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$11.00M
$9.62M – $12.83M
NOI $769,906 @ 7.0% cap · market cap 5.65%
Second Best
Warehouse
$9.75M
$8.53M – $11.38M
NOI $682,741 @ 7.0% cap · market cap 5.01%
Theoretical Best
Multifamily LT 5
$15.15M
$13.26M – $17.67M
NOI $1,060,485 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Explore this area
Business Placement
Demographics for 95407, CA
42,504
Population
13,371
Households
3.2
Avg Household Size
34
Median Age
17%
College-Educated
73%
High-School Grad
21.6 sq mi
ZIP Area
1,968
Density / Sq Mi
$82,807
Median Household Income
$40,907
Median Earnings
$1,822
Median Rent
$603,300
Median Home Value
Market
Properties on Market for Mixed-use properties in Sonoma County
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with existing tenant and expansion potential.
Where is this mixed-use property located?
The property is located at 2321-2329 Circadian Way Santa Rosa, CA.
What is the asking price?
The asking price for this property is $13,632,000.
What are key features of this property?
This property features: ±42,319 sf building ideal for owner‑occupancy with income potential.; Existing tenant leases ±12,210 sf until April 2026, offering immediate income.; Located in Northpoint Business Park near Kaiser Permanente, Sonic, and the Veteran Administration.
