Light Industrial Commercial
For Sale
$389,000
1820 Empire Industrial #26, Santa Rosa, CA 95403
Condo unit with warehouse space, roll-up door, and an office build-out suited for light industrial users.
Property Size1,464 SF
Price / SF$265.71
Days on Market52
Property Features for 1820 Empire Industrial #26
General Information
Standard status
Active
Size
1,464 SF
Property subtype
Commercial
Zoning
Light Industrial
Additional Details
Highway Access
Yes
Drive-In Doors
1
Amenities
Gas Heating
Building Details
Year Built
1986
Listing Agency:
NEXTHOME WINE COUNTRY PREMIER
7031771
Listed By:
MARNIE & TERI
Source:
Corcoran
Added: Jun 22
Changed: Aug 11
Last Checked: Aug 12 at 6:31AM
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 NEXTHOME WINE COUNTRY PREMIER
Investment Insights
Based on property information with market context.
This for-sale commercial condo includes approximately 1,464 square feet of open warehouse area with high ceilings. The unit features a roll-up door, a built-in office build-out, and a private restroom, supported by on-site parking for occupants and visitors.
Located in Empire Industrial Court in north Santa Rosa, the property is positioned for convenient access to major transportation routes, including U.S. 101 and Airport Blvd. Prospective buyers should confirm all zoning details and business use eligibility directly with the City.
With its combination of an open warehouse and office space, the unit can serve a range of light industrial needs that benefit from straightforward access via the roll-up door and dedicated restroom facilities. On-site parking adds practical convenience for daily operations, tenant staffing, and deliveries.
Located in Empire Industrial Court in north Santa Rosa, the property is positioned for convenient access to major transportation routes, including U.S. 101 and Airport Blvd. Prospective buyers should confirm all zoning details and business use eligibility directly with the City.
With its combination of an open warehouse and office space, the unit can serve a range of light industrial needs that benefit from straightforward access via the roll-up door and dedicated restroom facilities. On-site parking adds practical convenience for daily operations, tenant staffing, and deliveries.
Key Highlights
- Commercial condo built in 1986 with approx. 1,464 SF of warehouse space and office build‑out
- Light Industrial zoning (variety of business uses; verify with City)
- Open warehouse layout with high ceilings and a roll‑up door
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
$20,671
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
5.31%
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%
$413,420
$413.4K
Cap Rate 7%
$295,300
$295.3K
Cap Rate 9%
$229,678
$229.7K
Market Conditions
NOI Build-Up for 1,464 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
$32.5K $22.20/SF
− Vacancy
−$4.9K −$3.37/SF
EGI
$27.6K $18.83/SF
− OpEx
−$6.9K −$4.71/SF
NOI
$20.7K $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 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%
$413,420
Cap Rate 7%
$295,300
Cap Rate 9%
$229,678
Alternative Uses
Best Use
Office B
$295.3K
$258.4K – $344.5K
NOI $20,671 @ 7.0% cap · market cap 5.31%
Second Best
Warehouse
$261.9K
$229.1K – $305.5K
NOI $18,330 @ 7.0% cap · market cap 4.71%
Theoretical Best
Multifamily LT 5
$406.7K
$355.9K – $474.5K
NOI $28,472 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
747
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95403, CA
44,705
Population
17,504
Households
2.6
Avg Household Size
39
Median Age
27%
College-Educated
87%
High-School Grad
21.5 sq mi
ZIP Area
2,079
Density / Sq Mi
$94,480
Median Household Income
$45,928
Median Earnings
$2,215
Median Rent
$651,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Pacific Connection Catering & Event Design — 1800 Empire Industrial Ct # C, Santa Rosa, CA 95403
- Shady Duke — 2500 Pomo Trail, Santa Rosa, CA 95403, United States
Frequently Asked Questions
What type of property is this?
Flex space - Condo unit with warehouse space, roll-up door, and an office build-out suited for light industrial users.
Where is this flex space located?
The property is located at 1820 Empire Industrial #26 Santa Rosa, CA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Commercial condo built in 1986 with approx. 1,464 SF of warehouse space and office build‑out; Light Industrial zoning (variety of business uses; verify with City); Open warehouse layout with high ceilings and a roll‑up door
