Medical Office Investment
For Sale
$1,295,000
1400 Medical Center, Rohnert Park, CA 94928
Medical office suites for sale in Rohnert Park, CA.
Property Size5,476 SF
Lot Size0.54 Acres
Price / SF$236.49
Days on Market186
Property Features for 1400 Medical Center
General Information
Standard status
Active
Size
5,476 SF
Lot size
0.54 Acres
Property subtype
Commercial
Building Details
Year Built
1990
Listing Agency:
W REAL ESTATE
5910570
Listed By:
RANDY WALLER · License #01795950
Source:
Corcoran
Added: Feb 24
Changed: Aug 27
Last Checked: Aug 28 at 10:54AM
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 W REAL ESTATE
Investment Insights
Based on property information with market context.
Located at 1400 Medical Center Drive in Rohnert Park, this property presents an investment opportunity. The building contains two suites totaling 5,282 square feet. Suite C, comprising 2,744 square feet, is currently occupied through 2026 with an additional 5-year option. Suite A/B, which offers 2,538 square feet, is currently vacant. The property is positioned within Rohnert Park's medical hub, offering high visibility and accessibility. It is suitable for medical practitioners, investors, or owner-users. This property is ideal for leasing, investment, or establishing a practice.
Key Highlights
- Prime investment opportunity in Rohnert Park's medical hub.
- Two suites totaling 5,282 sqft.
- Suite C (2,744 sqft) is currently leased through 2026 with a 5‑year option.
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
$77,317
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
5.97%
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%
$1,546,340
$1.5M
Cap Rate 7%
$1,104,529
$1.1M
Cap Rate 9%
$859,078
$859.1K
Market Conditions
NOI Build-Up for 5,476 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
$121.6K $22.20/SF
− Vacancy
−$18.5K −$3.37/SF
EGI
$103.1K $18.83/SF
− OpEx
−$25.8K −$4.71/SF
NOI
$77.3K $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%
$1,546,340
Cap Rate 7%
$1,104,529
Cap Rate 9%
$859,078
Alternative Uses
Best Use
Office B
$1.10M
$966.5K – $1.29M
NOI $77,317 @ 7.0% cap · market cap 5.97%
Second Best
Healthcare Medical
$978.9K
$856.6K – $1.14M
NOI $68,524 @ 7.0% cap · market cap 5.29%
Theoretical Best
Specialty Retail
$1.48M
$1.30M – $1.73M
NOI $103,871 @ 7.0% cap · market cap 8.02%
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 - Medical office suites for sale in Rohnert Park, CA.
Where is this medical office space located?
The property is located at 1400 Medical Center Rohnert Park, CA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Prime investment opportunity in Rohnert Park's medical hub.; Two suites totaling 5,282 sqft.; Suite C (2,744 sqft) is currently leased through 2026 with a 5‑year option.
