Flex Space with Central
For Sale
$555,000
1435 Technology Lane #B11, Petaluma, CA 94954
Suite B11 offers central air and a common garage feature within a 2007 commercial property.
Property Size1,053 SF
Days on Market119
Property Features for 1435 Technology Lane #B11
General Information
Standard status
Active
Size
1,053 SF
Amenities
Restroom(s)-Private, Skylight(s)
Accessible Doors
Central Air
Central
Garage, Common
Building Details
Building Size
1,053 SF
Year Built
2007
Stories
2
Listing Agency:
Compass
(707) 328-9766
Listed By:
Steven R. Cozza · License #01915699
(707) 328-9766
Source:
Evrealestate
Added: May 4
Changed: Aug 30
Last Checked: Aug 30 at 6:27AM
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 Compass
Investment Insights
Based on property information with market context.
Suite B11 is a flex-space property at 1435 Technology Lane in Petaluma, California. The building was constructed in 2007 and includes central air and central heating, along with a common garage exterior feature.
Access is directed from Lakeville to Casa Grande to Technology. The property is located in Sonoma County.
Access is directed from Lakeville to Casa Grande to Technology. The property is located in Sonoma County.
Key Highlights
- Flex‑space property in Suite B11
- Constructed in 2007
- Central air conditioning
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
$15,530
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
2.80%
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%
$310,600
$310.6K
Cap Rate 7%
$221,857
$221.9K
Cap Rate 9%
$172,556
$172.6K
Market Conditions
NOI Build-Up for 1,053 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
$23.9K $22.68/SF
− Vacancy
−$1.7K −$1.61/SF
EGI
$22.2K $21.07/SF
− OpEx
−$6.7K −$6.32/SF
NOI
$15.5K $14.75/SF
Area
Sonoma County, CA
Vacancy
7.10%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
30.00%
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%
$310,600
Cap Rate 7%
$221,857
Cap Rate 9%
$172,556
Alternative Uses
Best Use
Industrial
$221.9K
$194.1K – $258.8K
NOI $15,530 @ 7.0% cap · market cap 2.80%
Second Best
Flex RnD
$214.1K
$187.4K – $249.8K
NOI $14,989 @ 7.0% cap · market cap 2.70%
Theoretical Best
Specialty Retail
$285.3K
$249.7K – $332.9K
NOI $19,974 @ 7.0% cap · market cap 3.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94954, CA
38,301
Population
15,147
Households
2.5
Avg Household Size
43
Median Age
37%
College-Educated
92%
High-School Grad
62.2 sq mi
ZIP Area
616
Density / Sq Mi
$107,564
Median Household Income
$58,362
Median Earnings
$2,405
Median Rent
$790,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Caffeine Inc. — 765 Baywood Dr Suite 145, Petaluma, CA 94954
- Apple Spice Box Lunch Delivery & Catering Petaluma, CA — 2000 Lakeville Hwy Suite F, Petaluma, CA 94954
Frequently Asked Questions
What type of property is this?
Flex space - Suite B11 offers central air and a common garage feature within a 2007 commercial property.
Where is this flex space located?
The property is located at 1435 Technology Lane #B11 Petaluma, CA.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: Flex‑space property in Suite B11; Constructed in 2007; Central air conditioning
