Renovated Two-Story Office
For Sale
$1,379,000
1370 Medical Center Drive, Rohnert Park, CA 94928
Commercial Sale, Rohnert Park, CA
Property Size7,816 SF
Lot Size0.55 Acres
Price / SF$176.43
Days on Market47
Property Features for 1370 Medical Center Drive
General Information
Property type
Residential
Property subtype
Office
Zoning
C-O: Office Commercial
Parking
35
Parking features
Carport
Directions
Rohnert Park Expressway, left on Snyder Ln, take a right on Medical Center Dr.
Subdivision
Cotati/Rohnert Park
Standard status
Active
APN
159460010000
Lot size
0.55 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1987
Floors in Building
2
Building materials
Stucco, Wood
Listing Agency:
Luxe Places International Realty
(707) 544-6000
Listed By:
Julio Caceres · License #01863748
(707) 239-4846
Added: Jul 14
Changed: Aug 19
Last Checked: Aug 29 at 1:06PM
MLS# 325099075
Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Renovated two-story office property at 1370 Medical Center Drive with five suites identified as A through E. Suite E can be reconfigured into two or three offices, while ready-to-use plans support future layout changes. Building systems include central heating and central air, with stucco and wood construction and public sewer service.
The property is positioned just off Snyder Lane in Rohnert Park’s professional and medical district, surrounded by established healthcare providers. A 13-person elevator serves both levels, and the site includes 35 surface parking spaces, including two ADA-compliant stalls. The asphalt parking area has been recently resurfaced, providing practical access for occupants and visitors.
The property is positioned just off Snyder Lane in Rohnert Park’s professional and medical district, surrounded by established healthcare providers. A 13-person elevator serves both levels, and the site includes 35 surface parking spaces, including two ADA-compliant stalls. The asphalt parking area has been recently resurfaced, providing practical access for occupants and visitors.
Key Highlights
- Renovated two‑story office building with five suites labeled A through E
- Suite E can be divided into two or three smaller offices
- 13‑person elevator provides access between both levels
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
Lease Details
5
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
343
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Five suites, a passenger elevator, and 35 surface parking spaces support flexible professional use.
Where is this office building 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: Renovated two‑story office building with five suites labeled A through E; Suite E can be divided into two or three smaller offices; 13‑person elevator provides access between both levels
