Building Details

Building Size 2,328 SF

Year Built 1978

Year Renovated 2016

Buildings 1

Stories 1

Listing Agency: W Real Estate

Listed By: Todd Schapmire · License #01414195 Show Phone

Source: Thebrokerlist

Added: Oct 16 Last Checked: Oct 16 at 2:11PM

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Investment Insights

Based on property information with market context.

This 2,328-square-foot medical office occupies a 0.2-acre corner parcel in downtown Santa Rosa. The single-story building was remodeled in 2016 and has approximately five offices, several conference rooms, two half bathrooms, a reception area, and storage. Two entrances serve the building, with seven on-site parking spaces, including one accessible space. Landscaped grounds and partial fencing border the site.

The property is located on Fourth Street, identified as a downtown main artery. Luther Burbank Center for the Arts, Historic Railroad Square, and Annadel State Park are noted as nearby destinations.

Key Highlights

• 2,328‑square‑foot building on a 0.2‑acre parcel
• Remodeled in 2016; single‑story construction
• Approximately five offices, several conference rooms, reception, storage, and two half bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,869

Cap Rate

4.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$657,380 $657.4K

Cap Rate 7%

$469,557 $469.6K

Cap Rate 9%

$365,211 $365.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,328 SF

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 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 (±1% cap)

NOI $32,869 @ 7.0% cap · market cap 4.11%

Second Best

Healthcare Medical

$445.2K

$389.6K – $519.4K (±1% cap)

NOI $31,166 @ 7.0% cap · market cap 3.90%

Theoretical Best

Multifamily LT 5

$646.8K

$565.9K – $754.6K (±1% cap)

NOI $45,275 @ 7.0% cap · market cap 5.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

North Bay Oral ... Dental Office Ericson Marc DDS Dental Office

Suggested Use

Top Pick Building Supply HVAC Service Auto Parts Store Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - A single-story layout includes multiple offices, conference rooms, reception, storage, and two separate entrances.

Where is this medical office space located?

The property is located at 2211 4th Street Santa Santa Rosa, CA.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: 2,328‑square‑foot building on a 0.2‑acre parcel; Remodeled in 2016; single‑story construction; Approximately five offices, several conference rooms, reception, storage, and two half bathrooms