Industrial Warehouse with Fenced
For Sale
$3,800,000
1234 Apollo Way, Santa Rosa, CA 95407
Single-unit industrial facility with a fenced yard, suited for warehouse and distribution operations.
Property Size22,860 SF
Price / SF$166.23
Days on Market50
Property Features for 1234 Apollo Way
General Information
Standard status
Active
Size
22,860 SF
Property subtype
Industrial
Zoning
BP
Additional Details
Fenced Yard
Yes
Building Details
Building Size
22,860 SF
Year Built
1984
Listing Agency:
North Bay Commercial Real Estate
(707) 521-3500
Listed By:
Michael Mazanec · License #CalDRE #1968962
Source:
Nbcre
Added: Jun 25
Changed: Aug 10
Last Checked: Aug 12 at 3:49AM
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 North Bay Commercial Real Estate
Investment Insights
Based on property information with market context.
This for-sale industrial warehouse/distribution building totals 22,860 square feet and was built in 1984. The property is configured as one unit, providing a straightforward layout for warehouse or distribution use. Improvements also include a fenced yard, which can support day-to-day operational needs associated with industrial storage and staging. The facility is described as well maintained and functional for ongoing industrial activity.
The property is located at 1234 Apollo Way in Santa Rosa, California. It is zoned BP, which may be relevant for buyers evaluating permitted uses and future development considerations within the area. The fenced yard is specifically called out as a site feature supporting the property’s industrial character.
For tenants, owners, or investors seeking a single-tenant industrial option, the combination of warehouse/distribution space, one-unit configuration, and fenced yard may fit a range of logistics and operations that benefit from contained outdoor staging. With BP zoning noted in the materials, the asset may also be worth review for parties focused on potential redevelopment or use changes, subject to applicable approvals.
The property is located at 1234 Apollo Way in Santa Rosa, California. It is zoned BP, which may be relevant for buyers evaluating permitted uses and future development considerations within the area. The fenced yard is specifically called out as a site feature supporting the property’s industrial character.
For tenants, owners, or investors seeking a single-tenant industrial option, the combination of warehouse/distribution space, one-unit configuration, and fenced yard may fit a range of logistics and operations that benefit from contained outdoor staging. With BP zoning noted in the materials, the asset may also be worth review for parties focused on potential redevelopment or use changes, subject to applicable approvals.
Key Highlights
- 22,860 SF industrial/warehouse/distribution building
- Single‑unit facility built in 1984
- Zoned BP
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
$286,223
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
7.53%
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%
$5,724,460
$5.7M
Cap Rate 7%
$4,088,900
$4.1M
Cap Rate 9%
$3,180,256
$3.2M
Market Conditions
NOI Build-Up for 22,860 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
$351.1K $15.36/SF
− Vacancy
−$14.4K −$0.63/SF
EGI
$336.7K $14.73/SF
− OpEx
−$50.5K −$2.21/SF
NOI
$286.2K $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%
$5,724,460
Cap Rate 7%
$4,088,900
Cap Rate 9%
$3,180,256
Alternative Uses
Best Use
Warehouse
$4.09M
$3.58M – $4.77M
NOI $286,223 @ 7.0% cap · market cap 7.53%
Second Best
Industrial
$3.44M
$3.01M – $4.01M
NOI $240,735 @ 7.0% cap · market cap 6.34%
Theoretical Best
Multifamily LT 5
$6.35M
$5.56M – $7.41M
NOI $444,584 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
706
Businesses Nearby
Balanced
Demand for This Use
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
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
- Traditional Medicinals — 975 Corporate Center Pkwy suite 140B, Santa Rosa, CA 95407
- Southpoint Self Storage — 700 Lombardi Ct, Santa Rosa, CA 95407
- American Mini Storage — 700 Lombardi Ct, Santa Rosa, CA 95407
- BuxBear Storage Santa Rosa — 1435 Sebastopol Rd, Santa Rosa, CA 95407
Frequently Asked Questions
What type of property is this?
Warehouse - Single-unit industrial facility with a fenced yard, suited for warehouse and distribution operations.
Where is this warehouse located?
The property is located at 1234 Apollo Way Santa Rosa, CA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 22,860 SF industrial/warehouse/distribution building; Single‑unit facility built in 1984; Zoned BP
