Grocery-Anchored Shopping
For Sale
Contact for pricing
1201 PINER RD, Santa Rosa, CA 95403
Two-building commercial property combines fully leased retail space with an education component and established occupants.
Property Size110,761 SF
Price / SF$152.58
Days on Market54
Property Features for 1201 PINER RD
General Information
Standard status
Active
Size
110,761 SF
Property subtype
Retail
Occupancy
96%
Site & Location
Neighborhood
Redwood Hwy
Anchor Co-Tenants
Harbor Freight
Additional Details
Cap Rate
8%
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
Cushman & Wakefield - Sacramento, California
Listed By:
Rick Ryan · License #CA 01440204
(916) 633-0501
Source:
Crexi
Added: Sep 10
Changed: Oct 25
Last Checked: Nov 1 at 2:21AM
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 - Sacramento, California
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Investment Insights
Based on property information with market context.
Palm Square is a two-building shopping center totaling 110,761 SF, with retail and education uses integrated within the property. Overall occupancy is 96.4%. Building A contains 55,000 SF and is fully leased to three retail tenants, including Harbor Freight, which ranks #1 in California according to the provided property information. Building B contains 55,761 SF and is leased to two schools, with one space currently available.
The asset can be acquired as a single offering, while the retail and education buildings may also be considered individually. Tenancy includes a Hispanic grocer, Harbor Freight, and established schools, providing a mix of retail and institutional occupancy. The property is located at 1201 Piner Rd in Santa Rosa, California, and is offered at an 8.0% cap rate.
The asset can be acquired as a single offering, while the retail and education buildings may also be considered individually. Tenancy includes a Hispanic grocer, Harbor Freight, and established schools, providing a mix of retail and institutional occupancy. The property is located at 1201 Piner Rd in Santa Rosa, California, and is offered at an 8.0% cap rate.
Key Highlights
- 110,761 SF two‑building grocery‑anchored retail and education property
- 96.4% leased overall
- 55,000 SF retail building is 100% leased to three tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,206,217
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$24,124,340
$24.1M
Cap Rate 7%
$17,231,671
$17.2M
Cap Rate 9%
$13,402,411
$13.4M
Market Conditions
NOI Build-Up for 110,761 SF
Gross rent
$1.89M $17.04/SF
− Vacancy
−$164.2K −$1.48/SF
EGI
$1.72M $15.56/SF
− OpEx
−$516.9K −$4.67/SF
NOI
$1.21M $10.89/SF
Area
Santa Rosa, CA
Vacancy
8.70%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$24,124,340
Cap Rate 7%
$17,231,671
Cap Rate 9%
$13,402,411
Alternative Uses
Best Use
Retail
$17.23M
$15.08M – $20.10M
NOI $1,206,217 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$30.77M
$26.93M – $35.90M
NOI $2,154,091 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
96.4%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,488
Businesses Nearby
224k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 24%
Groceries 22%
Home Improvements & Furnishings 10%
Trader Joe's
Groceries
47,249 visits/mo
0.4 miles
Starbucks
Dining
27,425 visits/mo
0.5 miles
Jo-Ann Fabric and Craft
Shops & Services
22,653 visits/mo
0.3 miles
Harbor Freight Tools
Home Improvements & Furnishings
21,546 visits/mo
0.1 miles
Dollar Tree
Shops & Services
17,810 visits/mo
0.4 miles
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 Retail in West region
Similar Off Market Nearby
- Rosewood Village — 3080 Marlow Rd, Santa Rosa, CA 95403
- Cleveland Square — 3401 Cleveland Ave, Santa Rosa, CA 95403
Frequently Asked Questions
What type of property is this?
Shopping center - Two-building commercial property combines fully leased retail space with an education component and established occupants.
Where is this shopping center located?
The property is located at 1201 PINER RD Santa Rosa, CA.
What is the asking price?
The asking price for this property is $16,900,000.
What are key features of this property?
This property features: 110,761 SF two‑building grocery‑anchored retail and education property; 96.4% leased overall; 55,000 SF retail building is 100% leased to three tenants
