Warehouse Space Near Sonoma
For Sale
$19,000,000
1760 Copperhill Parkway Santa, Santa Rosa, CA 95403
Divisible warehouse space for sale near Charles M Schulz Airport.
Property Size70,358 SF
Lot Size4.15 Acres
Price / SF$270.05
Days on Market211
Property Features for 1760 Copperhill Parkway Santa
General Information
Standard status
Active
Size
70,358 SF
Lot size
4.15 Acres
Property subtype
Industrial
Listing Agency:
Newmark | San Rafael
(415) 314-8713
Listed By:
Haden Ongaro · License #CalDRE #00916960
(415) 314-8713
Source:
Nmrk
Added: Jan 27
Changed: Aug 26
Last Checked: Aug 25 at 6:09AM
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 warehouse space is available for sale near the Charles M Schulz - Sonoma County Airport. The property offers between approximately 35,179 and 70,358 square feet of divisible space on an approximately 4.15 gross acre lot. The column spacing is approximately 24 to 25 feet. It features 6' x 6' Rite-Hite mechanical levelers and an approximately 6-inch concrete slab on grade with approximately 4,000 psi. The roof is constructed with Butler / Kingspan materials and includes a 3/25 year warranty. Power is approximately 150KVA 277/480, upgradable to approximately 1,600KVA based on tenant needs. The property includes a 6-inch sewer line with 4 lines in the slab and a 3-inch water line (2-inch for private use; 1-inch for irrigation). It is equipped with an NFPA 13 sprinkler system and 111 LED lights, covering 100% of the building. There are approximately 96 parking stalls and infrastructure for 5 EV chargers.
Key Highlights
- Strategically located near Charles M. Schulz - Sonoma County Airport, offering logistical advantages.
- Substantial warehouse space available, ranging from ±35,179 to 70,358 SF, divisible to suit specific needs.
- High power capacity: ±150KVA 277/480, upgradable to ±1,600KVA, accommodating diverse operational requirements.
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
$880,932
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
4.64%
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%
$17,618,640
$17.6M
Cap Rate 7%
$12,584,743
$12.6M
Cap Rate 9%
$9,788,133
$9.8M
Market Conditions
NOI Build-Up for 70,358 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
$1.08M $15.36/SF
− Vacancy
−$44.3K −$0.63/SF
EGI
$1.04M $14.73/SF
− OpEx
−$155.5K −$2.21/SF
NOI
$880.9K $12.52/SF
Area
Santa Rosa, CA
Vacancy
4.10%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
15.00%
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%
$17,618,640
Cap Rate 7%
$12,584,743
Cap Rate 9%
$9,788,133
Alternative Uses
Best Use
Warehouse
$12.58M
$11.01M – $14.68M
NOI $880,932 @ 7.0% cap · market cap 4.64%
Second Best
Industrial
$10.58M
$9.26M – $12.35M
NOI $740,928 @ 7.0% cap · market cap 3.90%
Theoretical Best
Multifamily LT 5
$19.55M
$17.10M – $22.81M
NOI $1,368,329 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sonoma Sheriff Helicopter Hangar — 2230 Becker Blvd, Santa Rosa, CA 95403
- Ace Moving - Santa Rosa — 5464 Skylane Blvd STE B, Santa Rosa, CA 95403
Frequently Asked Questions
What type of property is this?
Warehouse - Divisible warehouse space for sale near Charles M Schulz Airport.
Where is this warehouse located?
The property is located at 1760 Copperhill Parkway Santa Santa Rosa, CA.
What is the asking price?
The asking price for this property is $19,000,000.
What are key features of this property?
This property features: Strategically located near Charles M. Schulz - Sonoma County Airport, offering logistical advantages.; Substantial warehouse space available, ranging from ±35,179 to 70,358 SF, divisible to suit specific needs.; High power capacity: ±150KVA 277/480, upgradable to ±1,600KVA, accommodating diverse operational requirements.
