Renovated Office Building in
For Sale
$1,379,000
1370 Medical Center Drive, Rohnert Park, CA 94928
Two-story office building in Rohnert Park's medical district.
Property Size7,816 SF
Price / SF$176.43
Days on Market434
Property Features for 1370 Medical Center Drive
General Information
Standard status
Active
Size
7,816 SF
Property subtype
Office
Amenities
Central Air
3
C-O: Office Commercial
35 Parking Spaces.
City Road.
Building Details
Year Built
1987
Listing Agency:
Luxe Places International Realty
(707) 239-4846
Listed By:
Julio Caceres · License #01863748
(707) 239-4846
Source:
Xome
Added: Jun 17, 2025
Changed: Aug 23
Last Checked: Aug 24 at 4:58AM
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 Luxe Places International Realty
Investment Insights
Based on property information with market context.
This renovated two-story office building, located in Rohnert Park's professional and medical district, offers 7,816 square feet of flexible workspace. The property is suitable for an owner-user, medical professional, or investor. It features five suites (A-E), with Suite E offering the option to be divided into two or three smaller offices. The building is designed to accommodate a variety of uses, including dental, chiropractic, acupuncture, therapy, insurance agencies, or nonprofit organizations. Ready-to-use plans are available. The property includes resurfaced asphalt and 35 surface parking spaces, including two ADA-compliant stalls. A 13-person elevator connects both levels, each approximately 3,908 square feet with 8' ceiling heights. The building is located off Snyder Lane on Medical Center Drive, surrounded by healthcare providers, providing visibility and accessibility.
Key Highlights
- Prime location in Rohnert Park's established professional and medical district.
- Substantial 7,816 sq ft renovated two‑story office building with flexible workspace.
- Five adaptable suites, including a large suite divisible into smaller offices.
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
$110,356
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
8.00%
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%
$2,207,120
$2.2M
Cap Rate 7%
$1,576,514
$1.6M
Cap Rate 9%
$1,226,178
$1.2M
Market Conditions
NOI Build-Up for 7,816 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
$173.5K $22.20/SF
− Vacancy
−$26.4K −$3.37/SF
EGI
$147.1K $18.83/SF
− OpEx
−$36.8K −$4.71/SF
NOI
$110.4K $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%
$2,207,120
Cap Rate 7%
$1,576,514
Cap Rate 9%
$1,226,178
Alternative Uses
Best Use
Office B
$1.58M
$1.38M – $1.84M
NOI $110,356 @ 7.0% cap · market cap 8.00%
Second Best
Healthcare Medical
$1.40M
$1.22M – $1.63M
NOI $97,806 @ 7.0% cap · market cap 7.09%
Theoretical Best
Specialty Retail
$2.12M
$1.85M – $2.47M
NOI $148,257 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-story office building in Rohnert Park's medical district.
Where is this medical office space located?
The property is located at 1370 Medical Center Drive Rohnert Park, CA.
What is the asking price?
The asking price for this property is $1,379,000.
What are key features of this property?
This property features: Prime location in Rohnert Park's established professional and medical district.; Substantial 7,816 sq ft renovated two‑story office building with flexible workspace.; Five adaptable suites, including a large suite divisible into smaller offices.
