Versatile Professional Office
For Sale
$309,000
Pending
1436 Professional #303, Petaluma, CA 94954
979 SF office suite suitable for medical or professional uses.
Property Size979 SF
Lot Size0.03 Acres
Days on Market167
Property Features for 1436 Professional #303
General Information
Standard status
Pending
Size
979 SF
Lot size
0.03 Acres
Property subtype
Commercial
Amenities
Central Heating
Building Details
Year Built
1989
Listing Agency:
ENGEL & VOLKERS SONOMA
7083087
Listed By:
RYAN J STYLES · License #01276948
Source:
Corcoran
Added: Mar 13
Changed: Aug 8
Last Checked: Jul 23 at 8:32AM
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 ENGEL & VOLKERS SONOMA
Investment Insights
Based on property information with market context.
This 979 square foot suite in Petaluma is a sophisticated, high-performance environment. While titled as a medical center, the governing documents explicitly allow for other compatible professional offices, opening the door to business uses far beyond the medical field. The layout is suited for Legal Practices, Accounting Firms, Wealth Management, and Insurance Agencies. For healthcare professionals, the unit remains fully compliant for Medical, Dental, Counseling, and Wellness services. The interior is anchored by a multi-functional central hub serving as the collaborative heart of the office, perfect for team training, networking, or dynamic projects, featuring an integrated kitchenette. The layout flows from a dedicated reception area into three private offices. Each suite is designed with sound-consciousness in mind, making them ideal for professionals who require a secure setting for sensitive client discussions. The Park Place complex is restricted to professional and medical use, ensuring a focused environment free from the noise of retail or industrial zones. With a parking ratio of over six spaces per 1,000 square feet, clients will enjoy effortless access. Monument signage is also available, providing high-visibility branding. Strategically positioned within a half-mile of the East Washington offramp, the suite offers a seamless commute and is situated near the shopping and dining at Deer Creek Village.
Key Highlights
- Versatile space suitable for medical or professional offices (legal, accounting, insurance, etc.)
- Move‑in ready with a sophisticated, high‑performance environment and absolute privacy.
- Strategic location near Highway 101 (East Washington offramp) and Deer Creek Village shopping/dining.
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
$13,823
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
4.47%
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%
$276,460
$276.5K
Cap Rate 7%
$197,471
$197.5K
Cap Rate 9%
$153,589
$153.6K
Market Conditions
NOI Build-Up for 979 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
$21.7K $22.20/SF
− Vacancy
−$3.3K −$3.37/SF
EGI
$18.4K $18.83/SF
− OpEx
−$4.6K −$4.71/SF
NOI
$13.8K $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%
$276,460
Cap Rate 7%
$197,471
Cap Rate 9%
$153,589
Alternative Uses
Best Use
Office B
$197.5K
$172.8K – $230.4K
NOI $13,823 @ 7.0% cap · market cap 4.47%
Second Best
Healthcare Medical
$175.0K
$153.1K – $204.2K
NOI $12,251 @ 7.0% cap · market cap 3.96%
Theoretical Best
Specialty Retail
$265.3K
$232.1K – $309.5K
NOI $18,570 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,049
Businesses Nearby
Balanced
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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Russ Gurevitch DVM — 363 S McDowell Blvd, Petaluma, CA 94954
Frequently Asked Questions
What type of property is this?
Medical Office Space - 979 SF office suite suitable for medical or professional uses.
Where is this medical office space located?
The property is located at 1436 Professional #303 Petaluma, CA.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: Versatile space suitable for medical or professional offices (legal, accounting, insurance, etc.); Move‑in ready with a sophisticated, high‑performance environment and absolute privacy.; Strategic location near Highway 101 (East Washington offramp) and Deer Creek Village shopping/dining.
