Renovated Office Units with Retail
For Sale
$854,400
1617 4th, Santa Rosa, CA 95404
Flexible commercial layout combines upgraded offices with a separately configured service-oriented area and multiple customer-facing entry points.
Property Size2,848 SF
Price / SF$300
Days on Market212
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Property Features for 1617 4th
General Information
Standard status
Active
Size
2,848 SF
Property subtype
Commercial
Amenities
ADA Lift
kitchenette
skylights
Composition Roof
Mid Block
Varies by Unit Flooring
Building Details
Year Built
1946
Buildings
1
Building Size
2,848 SF
Listing Agency:
KEEGAN & COPPIN COMPANY, INC
5281400
Listed By:
RHONDA DERINGER · License #01206401
(707) 528-1400
Source:
Corcoran
Added: Mar 18
Changed: Oct 15
Last Checked: Oct 14 at 11:20PM
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 2,848-square-foot commercial building combines a substantially updated office component with a separate 530-square-foot area formerly used as a barber shop. The office portion includes private offices, two restrooms, a kitchenette, new or improved flooring, electrical and lighting work, brick facade walls, an ADA lift, large front windows, multiple doors, and eight skylights. The layout can be divided for separate occupancy or operational needs.
The smaller area includes a shampoo bowl, open front room, storage areas, and a restroom. Portions of the roof have been improved, and the interior and exterior were recently painted. Air conditioning and other building improvements are also in place. The property is located on a main corridor in East Santa Rosa at 1617 4th, Santa Rosa, California 95404, and was built in 1946.
The smaller area includes a shampoo bowl, open front room, storage areas, and a restroom. Portions of the roof have been improved, and the interior and exterior were recently painted. Air conditioning and other building improvements are also in place. The property is located on a main corridor in East Santa Rosa at 1617 4th, Santa Rosa, California 95404, and was built in 1946.
Key Highlights
- 2,848+/- SF commercial building with office and service‑oriented areas
- 2,318+/- SF office area with private offices, kitchenette, 2 restrooms, ADA lift, and 8 skylights
- 530+/- SF area includes a shampoo bowl, open front room, storage areas, and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,211
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$804,220
$804.2K
Cap Rate 7%
$574,443
$574.4K
Cap Rate 9%
$446,789
$446.8K
Market Conditions
NOI Build-Up for 2,848 SF
Gross rent
$63.2K $22.20/SF
− Vacancy
−$9.6K −$3.37/SF
EGI
$53.6K $18.83/SF
− OpEx
−$13.4K −$4.71/SF
NOI
$40.2K $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%
$804,220
Cap Rate 7%
$574,443
Cap Rate 9%
$446,789
Alternative Uses
Best Use
Office B
$574.4K
$502.6K – $670.2K
NOI $40,211 @ 7.0% cap · market cap 4.71%
Second Best
Retail
$443.1K
$387.7K – $516.9K
NOI $31,015 @ 7.0% cap · market cap 3.63%
Theoretical Best
Multifamily LT 5
$791.3K
$692.4K – $923.1K
NOI $55,388 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,603
Businesses Nearby
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Business Placement
Demographics for 95404, CA
38,034
Population
16,850
Households
2.3
Avg Household Size
43
Median Age
45%
College-Educated
90%
High-School Grad
75.4 sq mi
ZIP Area
504
Density / Sq Mi
$102,802
Median Household Income
$57,388
Median Earnings
$1,890
Median Rent
$865,900
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office units - Flexible commercial layout combines upgraded offices with a separately configured service-oriented area and multiple customer-facing entry points.
Where is this office units located?
The property is located at 1617 4th Santa Rosa, CA.
What is the asking price?
The asking price for this property is $854,400.
What are key features of this property?
This property features: 2,848+/- SF commercial building with office and service‑oriented areas; 2,318+/- SF office area with private offices, kitchenette, 2 restrooms, ADA lift, and 8 skylights; 530+/- SF area includes a shampoo bowl, open front room, storage areas, and restroom
