Historic Bank Building in
200 Washington Petaluma, CA 94952
200 Washington, Petaluma, CA, 94952
$3,300,000
For Sale
$3,300,000
Iconic building with retail, office, or creative space potential.
Property Size5,892 SF
Lot Size0.67 Acres
Price / SF$560.08
Days on Market145
Property Features for 200 Washington
General Information
- Standard status
- Active
- Size
- 5,892 SF
- Lot size
- 0.67 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1975
Listing Agency
NAVIGATE REAL ESTATE
5803499
Listed by
DENISE KILKER · License #01939014
Source
Corcoran
Added: Feb 25 Checked: Jul 19 at 4:17 am
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 NAVIGATE REAL ESTATE
Investment Insights
Based on property information with market context.
This historic bank building, located at 200 Washington St. in Petaluma, presents a unique opportunity. The property offers timeless character and modern potential, featuring grand architectural details and high ceilings. Situated in a prime downtown location, the 5892-square-foot space is suitable for a variety of uses, including retail, office, or creative space. This building offers a rare chance to own a landmark in the heart of Petaluma.
Key Highlights
- Prime downtown Petaluma location
- Historic landmark building with grand architectural details
- High ceilings
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $155.5k | $26.40 |
| − Vacancy | −$6.5k | −$1.11 |
| EGI | $149.0k | $25.29 |
| − OpEx | −$37.3k | −$6.32 |
| NOI | $111.8k | $18.97 |
5,892 SF · lease $26.40/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.60M
$1.40M – $1.86M
NOI $111,762 @ 7.0% cap · market cap 3.39%
Second Best
Retail
$768.5K
$672.4K – $896.6K
NOI $53,795 @ 7.0% cap · market cap 1.63%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Banks
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Iconic building with retail, office, or creative space potential.
Where is this bank located?
The property is located at 200 Washington Petaluma, CA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Prime downtown Petaluma location; Historic landmark building with grand architectural details; High ceilings
