Santa Rosa Office
For Sale
$1,162,000
3785 Brickway #200, Santa Rosa, CA 95403
Office unit in Airport Business section of Santa Rosa.
Property Size4,742 SF
Price / SF$245.04
Days on Market192
Property Features for 3785 Brickway #200
General Information
Standard status
Active
Size
4,742 SF
Property subtype
Commercial
Amenities
Central air
Sidewalk
Carpet Flooring
Central Cooling
Central Heating
Curbs/Gutters
Flat Roof
Foam Roof
Landscape Misc
Linoleum Flooring
Multi Zone Cooling
Multi Zone Heating
Building Details
Year Built
2006
Listing Agency:
ARTISAN SOTHEBY'S INT'L REALTY
2841111
Listed By:
ROSEMARIE CORRIGAN · License #00880048
Source:
Corcoran
Added: Feb 19
Changed: Aug 8
Last Checked: Aug 8 at 6:05AM
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 ARTISAN SOTHEBY'S INT'L REALTY
Investment Insights
Based on property information with market context.
Located in the Airport Business section of Santa Rosa, this unit is situated within the Avion Place Condominium development. The property, with a size of 4742 square feet, is suitable for design firms, engineering companies, architecture firms, lawyers, CPAs, and other professional companies. The unit features multiple private offices and conference areas. The professionally managed condominium association handles exterior maintenance and upkeep of all common areas, including parking, landscaping, and the roof. Elevator service is available within the building. Common area restrooms are maintained by the association.
Key Highlights
- Ideal for professional companies (design, engineering, architecture, law, accounting).
- Professionally managed condo association handles all exterior and common area maintenance.
- Multiple private offices and conference areas.
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
$66,953
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
5.76%
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%
$1,339,060
$1.3M
Cap Rate 7%
$956,471
$956.5K
Cap Rate 9%
$743,922
$743.9K
Market Conditions
NOI Build-Up for 4,742 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
$105.3K $22.20/SF
− Vacancy
−$16.0K −$3.37/SF
EGI
$89.3K $18.83/SF
− OpEx
−$22.3K −$4.71/SF
NOI
$67.0K $14.12/SF
Area
Santa Rosa, 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%
$1,339,060
Cap Rate 7%
$956,471
Cap Rate 9%
$743,922
Alternative Uses
Best Use
Office B
$956.5K
$836.9K – $1.12M
NOI $66,953 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.32M
$1.15M – $1.54M
NOI $92,223 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
703
Businesses Nearby
Explore this area
Business Placement
Demographics for 95403, CA
44,705
Population
17,504
Households
2.6
Avg Household Size
39
Median Age
27%
College-Educated
87%
High-School Grad
21.5 sq mi
ZIP Area
2,079
Density / Sq Mi
$94,480
Median Household Income
$45,928
Median Earnings
$2,215
Median Rent
$651,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Office unit in Airport Business section of Santa Rosa.
Where is this office units located?
The property is located at 3785 Brickway #200 Santa Rosa, CA.
What is the asking price?
The asking price for this property is $1,162,000.
What are key features of this property?
This property features: Ideal for professional companies (design, engineering, architecture, law, accounting).; Professionally managed condo association handles all exterior and common area maintenance.; Multiple private offices and conference areas.
