Light Industrial Condo Unit with
311 West 9th Street Santa Rosa, CA 95401
311 West 9th Street, Santa Rosa, CA, 95401
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For Sale
Contact for pricing
Steel-frame industrial condominium with two 200-amp, 3-phase electrical panels and four dedicated parking spaces.
Property Size3,000 SF
Price / SF$240
Days on Market75
Property Features for 311 West 9th Street
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2003
Listing agency
North Bay Property Advisors
(707) 360-4455
Listed by
William Severi · License #CA 01000344
Source
Crexi
Added: May 8 Updated: Jul 21 at 1:47PM Checked: Jul 21 at 1:47PM
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 North Bay Property Advisors
Investment Insights
Based on property information with market context.
Unit 311 is a steel-frame light industrial condominium built in 2003, featuring a metal exterior and flexible interior configuration. The unit includes approximately 3,000+/- square feet of building area on a dedicated 3,000+/- square-foot lot, plus an undivided ownership interest in the common area equivalent to approximately 4,545+/- square feet.
The property is part of the Land Smith Business Park in the City of Santa Rosa. The condominium development includes common area space, is professionally managed, and includes an Owners Association with financial reserves described in the offering materials. Unit 311 has four on-site parking spaces allocated to the unit.
The unit is equipped with two electrical supply panels providing 3-phase, 208V, 200-amp service. Electric and gas services are provided by PG&E, and city water and sewer services are provided by Santa Rosa Water District. Zoning is MMU (Maker Mixed Use), supporting a range of light industrial activities including production, fabrication, and storage.
The property is part of the Land Smith Business Park in the City of Santa Rosa. The condominium development includes common area space, is professionally managed, and includes an Owners Association with financial reserves described in the offering materials. Unit 311 has four on-site parking spaces allocated to the unit.
The unit is equipped with two electrical supply panels providing 3-phase, 208V, 200-amp service. Electric and gas services are provided by PG&E, and city water and sewer services are provided by Santa Rosa Water District. Zoning is MMU (Maker Mixed Use), supporting a range of light industrial activities including production, fabrication, and storage.
Key Highlights
- Light industrial warehouse condominium in Land Smith Business Park, built in 2003
- Unit 311 totals about 3,000+/- SF building on a dedicated 3,000+/- SF lot, with undivided common area interest (~4,545+/- SF)
- Zoned MMU (Maker Mixed Use), supporting light industrial, production, fabrication, storage, and similar uses
Local Financial Insights For Warehouse
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 | $46.1k | $15.36 |
| − Vacancy | −$1.9k | −$0.63 |
| EGI | $44.2k | $14.73 |
| − OpEx | −$6.6k | −$2.21 |
| NOI | $37.6k | $12.52 |
3,000 SF · lease $15.36/SF/yr · vacancy 4.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$536.6K
$469.5K – $626.0K
NOI $37,562 @ 7.0% cap · market cap 5.22%
Second Best
Industrial
$451.3K
$394.9K – $526.5K
NOI $31,592 @ 7.0% cap · market cap 4.39%
Theoretical Best
Multifamily LT 5
$833.5K
$729.3K – $972.4K
NOI $58,344 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Petaluma Valley Cabinets
General Contractor
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FAQs
What type of property is this?
Warehouse - Steel-frame industrial condominium with two 200-amp, 3-phase electrical panels and four dedicated parking spaces.
Where is this warehouse located?
The property is located at 311 West 9th Street Santa Rosa, CA.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Light industrial warehouse condominium in Land Smith Business Park, built in 2003; Unit 311 totals about 3,000+/- SF building on a dedicated 3,000+/- SF lot, with undivided common area interest (~4,545+/- SF); Zoned MMU (Maker Mixed Use), supporting light industrial, production, fabrication, storage, and similar uses
