Residential Income
For Sale
$399,000
228 Regency Court, Santa Rosa, CA 95401
Built in 1971 with central air, covered exterior space, and a kitchen equipped for electric and gas cooking.
Property Size1,440 SF
Price / SF$277.08
Days on Market185
Property Features for 228 Regency Court
General Information
Standard status
Active
Size
1,440 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Amenities
Clubhouse, Pool
Ceiling Fan(s), Central Air
Central
Dishwasher, Disposal, Electric Cooktop, Free-Standing Electric Oven, Free-Standing Gas Oven, Free-Standing Refrigerator, Gas Water Heater, Ice Maker, Microwave, Self Cleaning Oven
Covered
Building Details
Year Built
1971
Listed By:
Ashley McSweeney
(415) 250-7411
Source:
Evrealestate
Added: Mar 4
Changed: Aug 30
Last Checked: Aug 31 at 2:41PM
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 Ashley McSweeney
Investment Insights
Based on property information with market context.
This residential income property at 228 Regency Court in Santa Rosa, California, was built in 1971. The interior includes central air, ceiling fans, a dishwasher, disposal, microwave, refrigerator, and self-cleaning oven, along with both electric and gas cooking equipment. A gas water heater and ice maker are also included.
The property has covered exterior space and is reached via Occidental Road, Brittain Lane, Donahue Avenue, Sovereign Lane, and Regency Court. It is located in Sonoma County.
The property has covered exterior space and is reached via Occidental Road, Brittain Lane, Donahue Avenue, Sovereign Lane, and Regency Court. It is located in Sonoma County.
Key Highlights
- 1,440 property size
- Built in 1971
- Central air and ceiling fans
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
$25,153
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
6.30%
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%
$503,060
$503.1K
Cap Rate 7%
$359,329
$359.3K
Cap Rate 9%
$279,478
$279.5K
Market Conditions
NOI Build-Up for 1,440 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
$48.0K $33.36/SF
− Vacancy
−$2.3K −$1.60/SF
EGI
$45.7K $31.76/SF
− OpEx
−$20.6K −$14.29/SF
NOI
$25.2K $17.47/SF
Area
Santa Rosa, CA
Vacancy
4.80%
Lease Rate
$33.36 /SF/Yr
Expense Ratio
45.00%
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%
$503,060
Cap Rate 7%
$359,329
Cap Rate 9%
$279,478
Alternative Uses
Best Use
Apartment 5plus
$359.3K
$314.4K – $419.2K
NOI $25,153 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$400.1K
$350.1K – $466.8K
NOI $28,005 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Explore this area
Business Placement
Demographics for 95401, CA
37,272
Population
14,281
Households
2.6
Avg Household Size
38
Median Age
28%
College-Educated
80%
High-School Grad
20.9 sq mi
ZIP Area
1,783
Density / Sq Mi
$93,513
Median Household Income
$45,630
Median Earnings
$1,978
Median Rent
$628,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Built in 1971 with central air, covered exterior space, and a kitchen equipped for electric and gas cooking.
Where is this residential income property located?
The property is located at 228 Regency Court Santa Rosa, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,440 property size; Built in 1971; Central air and ceiling fans
