Multi-Building Mixed-Use
For Sale
Contact for pricing
365 Kuck Lane, Petaluma, CA 94952
Renovated structures support office, school, housing, parking, and outdoor uses.
Property Size12,207 SF
Price / SF$241.66
Days on Market145
Property Features for 365 Kuck Lane
General Information
Standard status
Active
Size
12,207 SF
Property subtype
Mixed Use, Special Purpose
Building Details
Buildings
11
Tenancy
Multi
Listing Agency:
Silverstone Commercial
Listed By:
David Silberstein · License #CA 1880860
Source:
Crexi
Added: Apr 8
Changed: Aug 30
Last Checked: Aug 30 at 5:57PM
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 Silverstone Commercial
Investment Insights
Based on property information with market context.
This mixed-use property comprises approximately 12,207 square feet across four main structures. The site previously operated as a school and now includes therapy offices, a small school, and housing for foster kids. Many of the buildings have undergone recent renovations, with parking and an outdoor area also included.
The property is located in Petaluma, California, approximately an hour north of San Francisco and an hour and thirty minutes west of Sacramento. Petaluma is described as a historic community with Victorian architecture, local restaurants, access to the Petaluma River, and nearby regional parks.
The property is located in Petaluma, California, approximately an hour north of San Francisco and an hour and thirty minutes west of Sacramento. Petaluma is described as a historic community with Victorian architecture, local restaurants, access to the Petaluma River, and nearby regional parks.
Key Highlights
- Approximately 12,207 square feet across four main structures
- Current uses include therapy offices, a small school, and housing for foster kids
- Many buildings have been recently renovated
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
$172,353
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
5.84%
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%
$3,447,060
$3.4M
Cap Rate 7%
$2,462,186
$2.5M
Cap Rate 9%
$1,915,033
$1.9M
Market Conditions
NOI Build-Up for 12,207 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
$271.0K $22.20/SF
− Vacancy
−$41.2K −$3.37/SF
EGI
$229.8K $18.83/SF
− OpEx
−$57.5K −$4.71/SF
NOI
$172.4K $14.12/SF
Area
Sonoma County, 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 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%
$3,447,060
Cap Rate 7%
$2,462,186
Cap Rate 9%
$1,915,033
Alternative Uses
Best Use
Office B
$2.46M
$2.15M – $2.87M
NOI $172,353 @ 7.0% cap · market cap 5.84%
Second Best
Mixed Use
$2.30M
$2.01M – $2.69M
NOI $161,132 @ 7.0% cap · market cap 5.46%
Theoretical Best
Specialty Retail
$3.31M
$2.89M – $3.86M
NOI $231,547 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 94952, CA
33,619
Population
14,794
Households
2.3
Avg Household Size
45
Median Age
47%
College-Educated
92%
High-School Grad
198.5 sq mi
ZIP Area
169
Density / Sq Mi
$115,097
Median Household Income
$56,650
Median Earnings
$2,272
Median Rent
$1,016,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated structures support office, school, housing, parking, and outdoor uses.
Where is this mixed-use property located?
The property is located at 365 Kuck Lane Petaluma, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Approximately 12,207 square feet across four main structures; Current uses include therapy offices, a small school, and housing for foster kids; Many buildings have been recently renovated
