Studio Office
For Sale
$249,000
148 Johnson Street, Windsor, CA 95492
Sleek studio/office suite with a designed build-out and lighting, positioned just off Windsor Town Green.
Property Size729 SF
Days on Market121
Property Features for 148 Johnson Street
General Information
Standard status
Active
Size
729 SF
Property subtype
Mixed Use
Additional Details
Highway Access
Yes
Building Details
Building Size
729 SF
Year Built
2007
Listing Agency:
Sterling California Properties
Listed By:
Marshall Mello (DRE #01815138) · License #01815138
(707) 523-4300
Source:
Excelleraterealestate
Added: May 6
Changed: Aug 25
Last Checked: Sep 2 at 2:02AM
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 Sterling California Properties
Investment Insights
Based on property information with market context.
This sleek studio or office space for sale features an elegant build-out and lighting package designed to support a variety of uses. The layout is presented as versatile for photography, personal service, office use, retail, and training or fitness concepts, including yoga, Pilates, dance, and martial arts dojo-style operations.
The property is located just off the Windsor Town Green and described as having convenient freeway access, with shops and restaurants nearby. For ownership flexibility, the listing notes existing tenants in place through September 2026, which may appeal to investors as well as future owner-occupiers seeking continuity while planning long-term use.
Overall, this offering is presented as an adaptable studio/office option with an established occupancy period extending through 9/2026.
The property is located just off the Windsor Town Green and described as having convenient freeway access, with shops and restaurants nearby. For ownership flexibility, the listing notes existing tenants in place through September 2026, which may appeal to investors as well as future owner-occupiers seeking continuity while planning long-term use.
Overall, this offering is presented as an adaptable studio/office option with an established occupancy period extending through 9/2026.
Key Highlights
- Studio/office space for sale just off Windsor Town Green
- Designed build‑out with lighting for flexible studio and office use
- Tenants in place through September 2026
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
$10,293
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
4.13%
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%
$205,860
$205.9K
Cap Rate 7%
$147,043
$147.0K
Cap Rate 9%
$114,367
$114.4K
Market Conditions
NOI Build-Up for 729 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
$16.2K $22.20/SF
− Vacancy
−$2.5K −$3.37/SF
EGI
$13.7K $18.83/SF
− OpEx
−$3.4K −$4.71/SF
NOI
$10.3K $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%
$205,860
Cap Rate 7%
$147,043
Cap Rate 9%
$114,367
Alternative Uses
Best Use
Office B
$147.0K
$128.7K – $171.6K
NOI $10,293 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$197.5K
$172.9K – $230.5K
NOI $13,828 @ 7.0% cap · market cap 5.55%
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
905
Businesses Nearby
Explore this area
Business Placement
Demographics for 95492, CA
27,819
Population
10,013
Households
2.8
Avg Household Size
42
Median Age
35%
College-Educated
89%
High-School Grad
19.8 sq mi
ZIP Area
1,405
Density / Sq Mi
$131,022
Median Household Income
$54,001
Median Earnings
$2,149
Median Rent
$777,700
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?
Creative space - Sleek studio/office suite with a designed build-out and lighting, positioned just off Windsor Town Green.
Where is this creative space located?
The property is located at 148 Johnson Street Windsor, CA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Studio/office space for sale just off Windsor Town Green; Designed build‑out with lighting for flexible studio and office use; Tenants in place through September 2026
