Medical Office Building For
For Sale
$1,804,000
1405 Montgomery, Santa Rosa, CA 95405
8,697 SF medical office building near hospital and highways.
Property Size8,697 SF
Price / SF$207.43
Days on Market533
Property Features for 1405 Montgomery
General Information
Standard status
Active
Size
8,697 SF
Building Details
Year Built
1968
Listing Agency:
KEEGAN & COPPIN COMPANY, INC
Listed By:
RHONDA DERINGER · License #01206401
(707) 528-1400
Source:
Corcoran
Added: May 1, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:08AM
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 KEEGAN & COPPIN COMPANY, INC
Investment Insights
Based on property information with market context.
This is an 8,697 square foot medical office building. The two-story building contains 12 private offices or exam rooms, each equipped with sinks and cabinets. It also features 2 X-ray rooms, 2 specialized or cast rooms, and a lab area. The building includes 4 restrooms, a waiting room, and a reception area. The first floor measures approximately 6,642 square feet, while the second floor provides an additional 2,055 square feet of improved attic area with storage closets and roof access to a roof deck. The property is situated on a 26,136 square foot corner lot and includes 42 on-site parking spaces. It is located at a signalized intersection on Doyle Park Drive and is zoned Commercial Office (CO). The property offers excellent visibility and signage opportunities along Montgomery Drive, making it suitable for an owner or user. It is located adjacent to Providence/Santa Rosa Memorial Hospital and other medical centers. The property features mature landscaping and trees, with easy access to Highways 12 and 101.
Key Highlights
- 8,697 SF Medical Office Building adjacent to Providence/Santa Rosa Memorial Hospital Medical Centers.
- Excellent Owner/User Opportunity with prominent visibility and signage along Montgomery Dr.
- 26,136 SF Corner Lot with 42 on‑site parking spaces at a signalized intersection.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,795
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,455,900
$2.5M
Cap Rate 7%
$1,754,214
$1.8M
Cap Rate 9%
$1,364,389
$1.4M
Market Conditions
NOI Build-Up for 8,697 SF
Gross rent
$193.1K $22.20/SF
− Vacancy
−$29.3K −$3.37/SF
EGI
$163.7K $18.83/SF
− OpEx
−$40.9K −$4.71/SF
NOI
$122.8K $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 Rate 5%
$2,455,900
Cap Rate 7%
$1,754,214
Cap Rate 9%
$1,364,389
Alternative Uses
Best Use
Office B
$1.75M
$1.53M – $2.05M
NOI $122,795 @ 7.0% cap · market cap 6.81%
Second Best
Healthcare Medical
$1.66M
$1.46M – $1.94M
NOI $116,430 @ 7.0% cap · market cap 6.45%
Theoretical Best
Multifamily LT 5
$2.42M
$2.11M – $2.82M
NOI $169,140 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,786
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95405, CA
22,015
Population
9,664
Households
2.3
Avg Household Size
45
Median Age
47%
College-Educated
94%
High-School Grad
5.0 sq mi
ZIP Area
4,403
Density / Sq Mi
$117,931
Median Household Income
$60,009
Median Earnings
$2,315
Median Rent
$749,700
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?
Medical Office Space - 8,697 SF medical office building near hospital and highways.
Where is this medical office space located?
The property is located at 1405 Montgomery Santa Rosa, CA.
What is the asking price?
The asking price for this property is $1,804,000.
What are key features of this property?
This property features: 8,697 SF Medical Office Building adjacent to Providence/Santa Rosa Memorial Hospital Medical Centers.; Excellent Owner/User Opportunity with prominent visibility and signage along Montgomery Dr.; 26,136 SF Corner Lot with 42 on‑site parking spaces at a signalized intersection.
