Renovated Office Condo
For Sale
$419,000
1400 N Dutton Ave #9, Santa Rosa, CA 95401
Office condo suite with private office, conference room, and open work area, renovated with LED lighting and updated finishes.
Property Size1,592 SF
Price / SF$263.19
Days on Market147
Property Features for 1400 N Dutton Ave #9
General Information
Standard status
Active
Size
1,592 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Building Size
1,592 SF
Year Built
1982
Year Renovated
2008
Listing Agency:
North Bay Property Advisors
Listed By:
Nick Abbott · License #01357548
5232700
Source:
Elliman
Added: Apr 11
Changed: Aug 24
Last Checked: Sep 4 at 8:44AM
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 Property Advisors
Investment Insights
Based on property information with market context.
Approximately 1,592 +/- square feet office condo located in The Oaks Office Community. The suite features a large private office, a conference room, and an open work area that could be reconfigured into additional private offices. Good natural light runs throughout. The unit was renovated circa 2008 with a new tile entryway, LED lighting, updated paint, data, and floor plan changes.
The community is described as well managed and is undergoing a new landscaping plan. The association covers building insurance, trash, landscaping, water/sewer, roof, and siding. Public remarks indicate easy freeway access and proximity to amenities.
The space is laid out for a professional office use, with dedicated rooms for focused work and meetings alongside an open area suitable for flexible workspace planning.
The community is described as well managed and is undergoing a new landscaping plan. The association covers building insurance, trash, landscaping, water/sewer, roof, and siding. Public remarks indicate easy freeway access and proximity to amenities.
The space is laid out for a professional office use, with dedicated rooms for focused work and meetings alongside an open area suitable for flexible workspace planning.
Key Highlights
- Approximately 1,592 +/- SF office condo in The Oaks Office Community
- Flexible suite layout with 1 large private office (18' x 11'), conference room, and open work area
- Open work area could be converted to additional private 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
$22,478
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
5.36%
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%
$449,560
$449.6K
Cap Rate 7%
$321,114
$321.1K
Cap Rate 9%
$249,756
$249.8K
Market Conditions
NOI Build-Up for 1,592 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
$35.3K $22.20/SF
− Vacancy
−$5.4K −$3.37/SF
EGI
$30.0K $18.83/SF
− OpEx
−$7.5K −$4.71/SF
NOI
$22.5K $14.12/SF
Area
Santa Rosa, 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%
$449,560
Cap Rate 7%
$321,114
Cap Rate 9%
$249,756
Alternative Uses
Best Use
Office B
$321.1K
$281.0K – $374.6K
NOI $22,478 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$442.3K
$387.0K – $516.0K
NOI $30,961 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,599
Businesses Nearby
Explore this area
Business Placement
Demographics for 95401, CA
37,272
Population
14,281
Households
2.6
Avg Household Size
38
Median Age
28%
College-Educated
80%
High-School Grad
20.9 sq mi
ZIP Area
1,783
Density / Sq Mi
$93,513
Median Household Income
$45,630
Median Earnings
$1,978
Median Rent
$628,900
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 units - Office condo suite with private office, conference room, and open work area, renovated with LED lighting and updated finishes.
Where is this office units located?
The property is located at 1400 N Dutton Ave #9 Santa Rosa, CA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Approximately 1,592 +/- SF office condo in The Oaks Office Community; Flexible suite layout with 1 large private office (18' x 11'), conference room, and open work area; Open work area could be converted to additional private offices
