Historic Bank Building in
For Sale
$3,300,000
200 Washington Street, Petaluma, CA 94952
Iconic building with retail, office, or creative space potential.
Property Size5,892 SF
Price / SF$560.08
Days on Market225
Property Features for 200 Washington Street
General Information
Standard status
Active
Size
5,892 SF
Property subtype
Office
Building Details
Building Size
5,892 SF
Year Built
1975
Listing Agency:
Navigate Real Estate
Listed By:
Denise Kilker (DRE #01939014) · License #01939014
(707) 695-6172
Source:
Westgaterealestate
Added: Feb 25
Changed: Oct 5
Last Checked: Oct 7 at 5:00PM
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,762
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,235,240
$2.2M
Cap Rate 7%
$1,596,600
$1.6M
Cap Rate 9%
$1,241,800
$1.2M
Market Conditions
NOI Build-Up for 5,892 SF
Gross rent
$155.5K $26.40/SF
− Vacancy
−$6.5K −$1.11/SF
EGI
$149.0K $25.29/SF
− OpEx
−$37.3K −$6.32/SF
NOI
$111.8K $18.97/SF
Area
Sonoma County, CA
Vacancy
4.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,235,240
Cap Rate 7%
$1,596,600
Cap Rate 9%
$1,241,800
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 authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,648
Businesses Nearby
174k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Dining 34%
Groceries 10%
Electronics 4%
Taco Bell
Dining
18,953 visits/mo
0.4 miles
Grocery Outlet Bargain Market
Groceries
17,987 visits/mo
0.3 miles
Dollar Tree
Shops & Services
13,903 visits/mo
0.2 miles
Bank of America
Shops & Services
13,854 visits/mo
0.1 miles
Starbucks
Dining
10,776 visits/mo
0.5 miles
Demographics for 94952, CA
33,619
Population
14,794
Households
2.3
Avg Household Size
45
Median Age
47%
College-Educated
92%
High-School Grad
198.5 sq mi
ZIP Area
169
Density / Sq Mi
$115,097
Median Household Income
$56,650
Median Earnings
$2,272
Median Rent
$1,016,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
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 Street 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
