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    2231 Pine View Way, Petaluma, CA 94954

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    Land parcel in Oakmead Business Park, Southern Petaluma. Long-term lease.

    Type:Land
    Added:
    Nov 21, 2025
    Days on Market:
    179
    Last Refresh:
    Apr 5 at 10:16 pm

    Property Features for 2231 Pine View Way

    General Information

    Standard status
    Active
    Property subtype
    Land

    Spaces For Lease

    at 2231 Pine View Way Contact us

    We can help!

    Listing Contact
    Nick Egide

    Listing agent Nick Egide License #CalDRE #01859524

    Listing office

    Listing date Nov 21, 2025

    Source Meridiancommercial

    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 Nick Egide

    HighLights

    • Last available parcel in Oakmead Business Park.
    • Zoned BP (Business Park) allowing for a wide range of uses (Industrial/Office/Medical Office).
    • Potential to build a 40,000 sq ft shipping/distribution facility or a 31,000 sq ft medical facility (pending city approvals).
    • Direct access to Highway 116.
    • Located in the desirable Oakmead Business Park of Southern Petaluma.
    • Long term lease opportunity.

    Overview

    This property, located on Pine View Way in the Oakmead Business Park of Southern Petaluma, is zoned BP (Business Park), accommodating a wide range of uses. Subject to city approvals, it could potentially support an approximately 40,000 square foot shipping and distribution facility or a 31,000 square foot medical facility. The owners are open to build-to-suit opportunities for both types of users. As the last currently available parcel in the business park, it offers a unique opportunity. Neighboring buildings, such as 2277 Pine View Way and 2220 Pine View Way, feature shipping and distribution warehouses with an office component. The Oakmead Business Park, with direct access to Highway 116, has been a sought-after location for Petaluma businesses. The land use is designated for industrial, office, or medical office purposes. A negotiable NNN rental rate is available, based upon the scope of work. This represents a long-term lease opportunity for hard-to-find land in Southern Petaluma.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Petaluma
    County
    Sonoma
    State
    California
    Longitude
    -122.588
    Latitude
    38.2289

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    FAQs

    What type of property is this?
    Commercial land - Land parcel in Oakmead Business Park, Southern Petaluma. Long-term lease.
    Where is this commercial land located?
    The property is located at 2231 Pine View Way Petaluma, CA.
    What are key features of this property?
    This property features: Last available parcel in Oakmead Business Park.; Zoned BP (Business Park) allowing for a wide range of uses (Industrial/Office/Medical Office).; Potential to build a **40,000 sq ft shipping/distribution facility** or a **31,000 sq ft medical facility** (pending city approvals).
    (415) 762-8067
    We can help!
    Listing Contact
    Nick Egide
    Real Estate License ID: CalDRE #01859524
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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