Corner Medical Office
For Sale
$899,000
2211 4th Street, Santa Rosa, CA 95404
Commercial Sale, Santa Rosa, CA
Property Size2,328 SF
Lot Size0.20 Acres
Price / SF$386.17
Days on Market47
Property Features for 2211 4th Street
General Information
Property type
Commercial Sale
Property subtype
Office
Parking
7
Parking features
Open
Accessibility
Accessible Approach with Ramp
Lot features
Corner Lot, Landscape Front
Directions
Highway 101 to exit 490, east on College Avenue. Left on 4th Street. About 0.7 miles on the left at the NE corner of Siesta Lane & 4th Street.
Subdivision
Santa Rosa-Northeast
Standard status
Active
APN
181210024000
Lot size
0.20 Acres
Amenities
landscaped grounds
partial fencing
conference rooms
Building Details
Year built
1978
Floors in Building
1
Building materials
Frame, Wood
Listing Agency:
W Real Estate
(707) 591-0570
Listed By:
Todd Schapmire · License #01414195
(707) 570-9855
Added: Jul 15
Changed: Aug 21
Last Checked: Aug 30 at 6:06AM
MLS# 326015929
Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 2211 4th Street in Santa Rosa, this single-story medical office property was built in 1978 and remodeled in 2016. The approximately 2,328-square-foot building includes approximately five offices, several conference rooms, two half bathrooms, a reception area, storage, and two separate entrances. The property was historically used as an oral surgery office.
The building occupies a 0.2009-acre corner lot along Fourth Street in downtown Santa Rosa. An open on-site parking lot provides seven spaces, including one accessible space, and the grounds feature landscaping, partial fencing, and an accessible approach with ramp. Frame and wood construction complete the physical profile.
The building occupies a 0.2009-acre corner lot along Fourth Street in downtown Santa Rosa. An open on-site parking lot provides seven spaces, including one accessible space, and the grounds feature landscaping, partial fencing, and an accessible approach with ramp. Frame and wood construction complete the physical profile.
Key Highlights
- Approximately 2,328‑square‑foot single‑story medical office building
- Remodeled in 2016; originally built in 1978
- Approximately five offices plus several conference rooms
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
$32,869
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
3.66%
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%
$657,380
$657.4K
Cap Rate 7%
$469,557
$469.6K
Cap Rate 9%
$365,211
$365.2K
Market Conditions
NOI Build-Up for 2,328 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
$51.7K $22.20/SF
− Vacancy
−$7.9K −$3.37/SF
EGI
$43.8K $18.83/SF
− OpEx
−$11.0K −$4.71/SF
NOI
$32.9K $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%
$657,380
Cap Rate 7%
$469,557
Cap Rate 9%
$365,211
Alternative Uses
Best Use
Office B
$469.6K
$410.9K – $547.8K
NOI $32,869 @ 7.0% cap · market cap 3.66%
Second Best
Healthcare Medical
$445.2K
$389.6K – $519.4K
NOI $31,166 @ 7.0% cap · market cap 3.47%
Theoretical Best
Multifamily LT 5
$646.8K
$565.9K – $754.6K
NOI $45,275 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,418
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Alderbrook Pet Hospital — 1533 4th St, Santa Rosa, CA 95404
- Santa Rosa Veterinary Hospital — 2002 4th St, Santa Rosa, CA 95404
Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-story office property with remodeled interiors, multiple workrooms, conference areas, and dedicated on-site parking.
Where is this medical office space located?
The property is located at 2211 4th Street Santa Rosa, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Approximately 2,328‑square‑foot single‑story medical office building; Remodeled in 2016; originally built in 1978; Approximately five offices plus several conference rooms
