Petaluma Manufacturing/Warehouse
For Sale
Contact for pricing
2180 South McDowell Boulevard, Petaluma, CA 94954
43,439 SF property suitable for manufacturing, R&D, warehouse, and more.
Property Size43,439 SF
Price / SF$199.79
Days on Market102
Property Features for 2180 South McDowell Boulevard
General Information
Standard status
Active
Size
43,439 SF
Class
B
Property subtype
Industrial
Investment Type
Owner/User
Building Details
Buildings
1
Listing Agency:
JLL North Bay
(707) 217-7196
Listed By:
Laura Duffy · License #CA 01922792
Source:
Crexi
Added: May 20
Changed: Aug 17
Last Checked: Aug 29 at 7:17PM
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 JLL North Bay
Investment Insights
Based on property information with market context.
This 43,439 square foot property is suitable for manufacturing, research and development, flex space, food and beverage production, warehouse and distribution, and sports and recreation. It can also be used as a commercial real estate property.
Key Highlights
- Versatile building suitable for manufacturing, R&D/Flex, food & beverage production, warehouse/distribution, and sports & recreation.
- Ideal for a variety of uses.
- Suitable for manufacturing.
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
$777,960
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
8.96%
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%
$15,559,200
$15.6M
Cap Rate 7%
$11,113,714
$11.1M
Cap Rate 9%
$8,644,000
$8.6M
Market Conditions
NOI Build-Up for 43,439 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
$985.2K $22.68/SF
− Vacancy
−$69.9K −$1.61/SF
EGI
$915.2K $21.07/SF
− OpEx
−$137.3K −$3.16/SF
NOI
$778.0K $17.91/SF
Area
Sonoma County, CA
Vacancy
7.10%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
15.00%
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%
$15,559,200
Cap Rate 7%
$11,113,714
Cap Rate 9%
$8,644,000
Alternative Uses
Best Use
Warehouse
$11.11M
$9.72M – $12.97M
NOI $777,960 @ 7.0% cap · market cap 8.96%
Second Best
Industrial
$9.15M
$8.01M – $10.68M
NOI $640,673 @ 7.0% cap · market cap 7.38%
Theoretical Best
Specialty Retail
$11.77M
$10.30M – $13.73M
NOI $823,968 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
Explore this area
Business Placement
Demographics for 94954, CA
38,301
Population
15,147
Households
2.5
Avg Household Size
43
Median Age
37%
College-Educated
92%
High-School Grad
62.2 sq mi
ZIP Area
616
Density / Sq Mi
$107,564
Median Household Income
$58,362
Median Earnings
$2,405
Median Rent
$790,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - 43,439 SF property suitable for manufacturing, R&D, warehouse, and more.
Where is this manufacturing property located?
The property is located at 2180 South McDowell Boulevard Petaluma, CA.
What is the asking price?
The asking price for this property is $8,678,800.
What are key features of this property?
This property features: Versatile building suitable for manufacturing, R&D/Flex, food & beverage production, warehouse/distribution, and sports & recreation.; Ideal for a variety of uses.; Suitable for manufacturing.
