Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    140 2Nd St Petaluma, CA 94952

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class A office space in the heart of Petaluma.

    Property Features for 140 2Nd St

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Laura Duffy
    Laura Duffy
    Source: Crexi

    Listing Agency: JLL North Bay Listing Agent: Laura Duffy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Office Space in Petaluma

    This commercial real estate offers an excellent location in the heart of Petaluma’s Theatre Square. The Class A building features high-quality finishes throughout. Its location provides direct access to shopping, dining, and fitness amenities. Abundant and convenient parking is available nearby. The property is suitable for office use.
    Location Intelligence

    Current Use by Public Records

    Phở Sonoma | Vietnamese ... Restaurant Trattoria Roma Restaurant NavigateRE Real Estate Agency Tricia Tabayoyon, Realtor Real Estate Agency Denise Kilker Real ... Real Estate Agency

    Suggested Use

    Law Firm Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Petaluma
    County
    Sonoma
    State
    California
    Longitude
    -122.6373364
    Latitude
    38.2332506

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Petaluma Marina

      Workspaces, services and support to help you work better in Petaluma Marina
      755 Baywood Dr, Petaluma, CA 94954
      View Details
    • $1.50 SF/Yr

      Renovated Office Space in Petaluma

      High-quality, renovated office space with natural light and park access.
      1450 Technology Ln, Petaluma, CA 94954
      View Details
    • Contact for pricing

      Office with Laboratory Space

      Office with laboratory space for lease in Sonoma County.
      1360 Redwood Way, Petaluma, CA 94954
      View Details
    • $1.75 SF/Yr
      2,805 SF

      Class A Office Space Available

      Class A office with reception, offices, conference room, break room.
      1304 Southpoint Blvd, Petaluma, CA 94954
      View Details
    • $1.50 SF/Yr
      7,416 SF

      Petaluma Warehouse with Office Space

      Warehouse with racking, high-end sprinkler system, and office possibilities.
      1450 Technology Ln, Petaluma, CA 94954
      View Details
    • $1.30 SF/Yr

      Petaluma Distribution Facility with Offices

      Large distribution facility with high-end office build-out in Petaluma.
      2250 S Mcdowell Boulevard Ext, Petaluma, CA 94954
      View Details
    • $1.50 SF/Yr

      Petaluma Retail Space For Lease

      Newer construction retail space with high visibility and traffic.
      2620 Lakeville Hwy, Petaluma, CA 94954
      View Details
    • Contact for pricing

      Petaluma Flex Space Available

      Flex space for lease with easy highway access.
      1455 North Mcdowell Boulevard Ext, Petaluma, CA 94954
      View Details
    • Contact for pricing

      Petaluma Warehouse with Retail Showroom

      18,500 SF warehouse with retail showroom near US 101.
      1221 Petaluma Blvd N, Petaluma, CA 94952
      View Details
    • $0.85 SF/Yr

      Petaluma Warehouse with Office Space

      Modern warehouse with office, roll-up doors, and ample parking.
      1997 S Mcdowell Blvd, Petaluma, CA 94954
      View Details
    • Contact for pricing
      1,399 SF

      Creative Office Space Available

      Modern office space with private offices and operable windows.
      201 1St St, Petaluma, CA 94952
      View Details
    • $3 SF/Yr
      4,200 SF

      Trophy Dental Space Available

      High-quality dental space with abundant natural light and solar power.
      30 W El Rose Dr, Petaluma, CA 94952
      View Details

    FAQs

    What type of property is this?
    Office building - Class A office space in the heart of Petaluma.
    Where is this office building located?
    The property is located at 140 2Nd St Petaluma, CA.
    What are key features of this property?
    This property features: - Excellent location in the heart of Petaluma’s Theatre Square; - Direct access to shopping, dining, and fitness amenities; - Class “A” building with high quality finishes throughout
    (415) 686-0255
    Request Owner's contact information
    140 2Nd St Petaluma, CA 94952
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    140 2Nd St
    Petaluma, CA 94952
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    140 2Nd St Petaluma, CA 94952
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Laura Duffy
    Laura Duffy
    Real Estate License ID: 01922792
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!