Single-Identity Office Building with Monument
For Sale
Contact for pricing
6601 Commerce Blvd, Rohnert Park, CA 94928
Two-story office building with 14 private offices and C-R Regional Commercial zoning.
Property Size4,296 SF
Price / SF$372.44
Days on Market1125
Property Features for 6601 Commerce Blvd
General Information
Standard status
Active
Size
4,296 SF
Total Parking Spaces
19
Property subtype
OFFICE
Zoning
C-R
Site & Location
Highway Access
Yes
Public Transit
Yes
Amenities
private offices
conference room
kitchen/breakroom
private restrooms
reception and waiting room
lighted monument sign
professionally landscaped
full hvac and air conditioning
Building Details
Buildings
1
Stories
2
Building Size
4,296 SF
Tenancy
Single
Listing Agency:
Ground Matrix
(415) 472-9960
Listed By:
Jerry Adamson · License #01935945
(707) 570-7802
Source:
Moodyscre
Added: Aug 22, 2023
Changed: Sep 9
Last Checked: Sep 18 at 8:53AM
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 Ground Matrix
Investment Insights
Based on property information with market context.
Two-story single-identity office building totaling 4,296 SF at 6601 Commerce Boulevard. The layout includes 14 private offices, a large conference room, a reception and waiting area, a kitchen/breakroom, and four private restrooms. Improvements and amenities include full HVAC and air conditioning, professionally landscaped grounds, ample on-site parking, and a lighted monument sign.
The property is positioned at a busy retail and business hub and is surrounded by major retailers including Planet Fitness, 24 Hour Fitness, Safeway, Raley’s, Grocery Outlet, CVS, Starbucks, Panera Bread, Chipotle, Target, and Costco. Access is convenient, with Highway 101 a few minutes’ drive away, and the Sonoma-Marin Train (SMART) within a less-than-20-minute walk.
Designed for straightforward office use, the building’s dedicated office-room mix and conference space can support professional teams that need separate work areas alongside a shared meeting room.
The property is positioned at a busy retail and business hub and is surrounded by major retailers including Planet Fitness, 24 Hour Fitness, Safeway, Raley’s, Grocery Outlet, CVS, Starbucks, Panera Bread, Chipotle, Target, and Costco. Access is convenient, with Highway 101 a few minutes’ drive away, and the Sonoma-Marin Train (SMART) within a less-than-20-minute walk.
Designed for straightforward office use, the building’s dedicated office-room mix and conference space can support professional teams that need separate work areas alongside a shared meeting room.
Key Highlights
- 4,296 SF two‑story single‑identity office building
- Zoning C‑R – Regional Commercial
- 14 private offices plus large conference room
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
$60,656
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
3.79%
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%
$1,213,120
$1.2M
Cap Rate 7%
$866,514
$866.5K
Cap Rate 9%
$673,956
$674.0K
Market Conditions
NOI Build-Up for 4,296 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
$95.4K $22.20/SF
− Vacancy
−$14.5K −$3.37/SF
EGI
$80.9K $18.83/SF
− OpEx
−$20.2K −$4.71/SF
NOI
$60.7K $14.12/SF
Area
Sonoma County, CA
Vacancy
15.20%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
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%
$1,213,120
Cap Rate 7%
$866,514
Cap Rate 9%
$673,956
Alternative Uses
Best Use
Office B
$866.5K
$758.2K – $1.01M
NOI $60,656 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.16M
$1.02M – $1.36M
NOI $81,488 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,507
Businesses Nearby
Explore this area
Business Placement
Demographics for 94928, CA
47,062
Population
17,449
Households
2.7
Avg Household Size
36
Median Age
30%
College-Educated
90%
High-School Grad
7.7 sq mi
ZIP Area
6,112
Density / Sq Mi
$96,622
Median Household Income
$44,674
Median Earnings
$2,211
Median Rent
$634,700
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with 14 private offices and C-R Regional Commercial zoning.
Where is this office building located?
The property is located at 6601 Commerce Blvd Rohnert Park, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 4,296 SF two‑story single‑identity office building; Zoning C‑R – Regional Commercial; 14 private offices plus large conference room
