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Santa Rosa Warehouse and Office
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2331 Circadian Way, Santa Rosa, CA

Warehouse and office space available for lease in Santa Rosa.

Property Size13,617 SF
Lot Size1.12 Acres
Price / SF$251.01
Days on Market452

Property Features for 2331 Circadian Way

General Information

Standard status Active
Size 13,617 SF
Lot size 1.12 Acres
Property subtype INDUSTRIAL
Listing Agency: Newmark | San Rafael
Listed By: Barry Palma
Source: Moodyscre
Added: May 6, 2025 Changed: Jul 6 Last Checked: Jul 21 at 4:25AM

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 Newmark | San Rafael

Investment Insights

Based on property information with market context.

This property features a warehouse space of approximately 6,673 square feet with air conditioning units on the roof, two grade-level doors, a clear height of 14 feet, and a sprinkler system. The office space encompasses approximately 6,998 square feet and includes five private offices, a conference room, a large bullpen area suitable for R&D, a staff lounge, two restrooms, and skylights. On-site parking is available with 47 spaces, and additional parking is accessible on the street. The property is zoned BP (Business Park) and is serviced by city sewer and water. Gas and electric utilities are provided by PG&E. The power supply is either 1,000 amps at 277/480 volts or 2,000 amps at 120/208 volts, with 3-phase power.

Key Highlights

  • Substantial space: ±6,673 RSF warehouse and ±6,998 RSF office space.
  • High power capacity: Choose between 1,000 amps, 277/480, or 2,000 amps, 120/208, 3‑phase power.
  • Ample parking: 47 on‑site spaces with additional street parking.

Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $302.3k $22.20
− Vacancy −$45.9k −$3.37
EGI $256.3k $18.83
− OpEx −$64.1k −$4.71
NOI $192.3k $14.12
13,617 SF · lease $22.20/SF/yr · vacancy 15.20% · expense 25.00%

Alternative Uses

Best Use
Office B
$2.75M
$2.40M – $3.20M (±1% cap)
NOI $192,261 @ 7.0% cap · market cap 5.62%
Second Best
Warehouse
$2.44M
$2.13M – $2.84M (±1% cap)
NOI $170,494 @ 7.0% cap · market cap 4.99%
Theoretical Best
Multifamily LT 5
$3.78M
$3.31M – $4.41M (±1% cap)
NOI $264,825 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

PNI Sensor Corporation Factory

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Building Supply Dental Office 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

586
Businesses Nearby
Balanced
Demand for This Use

Market

Properties on Market for Warehouses in Sonoma County

Jan
Feb
Mar
Apr
May
Jun

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Traditional Medicinals — 975 Corporate Center Pkwy suite 140B, Santa Rosa, CA 95407
  • Southpoint Self Storage — 700 Lombardi Ct, Santa Rosa, CA 95407
  • American Mini Storage — 700 Lombardi Ct, Santa Rosa, CA 95407

Frequently Asked Questions

What type of property is this?
Warehouse - Warehouse and office space available for lease in Santa Rosa.
Where is this warehouse located?
The property is located at 2331 Circadian Way Santa Rosa, CA.
What is the asking price?
The asking price for this property is $3,418,000.
What are key features of this property?
This property features: Substantial space: **±6,673 RSF warehouse and ±6,998 RSF office space.**; High power capacity: Choose between 1,000 amps, 277/480, or 2,000 amps, 120/208, 3‑phase power.; Ample parking: 47 on‑site spaces with additional street parking.
(707) 484-1948 Call to check price and availability
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