Compact Office Suite with Signage
For Sale
$510,000
3785 Brickway #210, Santa Rosa, CA 95403
Efficient, well-lit office layout with an opportunity for on-building signage.
Property Size2,112 SF
Price / SF$241.48
Days on Market65
Property Features for 3785 Brickway #210
General Information
Standard status
Active
Size
2,112 SF
Property subtype
Commercial
Amenities
Central air
Carpet Flooring
Central Cooling
Central Heating
Building Details
Year Built
2006
Listing Agency:
KEEGAN & COPPIN COMPANY, INC
5281400
Listed By:
ANNETTE COOPER · License #00826250
Source:
Corcoran
Added: Jun 5
Changed: Aug 8
Last Checked: Jun 16 at 2:37AM
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 KEEGAN & COPPIN COMPANY, INC
Investment Insights
Based on property information with market context.
This compact office suite is designed to use its space efficiently, creating a well-lit work environment. The layout supports everyday office operations and prioritizes functional interior use.
The property is located at 3785 Brickway #210 in Santa Rosa, CA, and it offers an opportunity for signage right on the building, which can help improve on-site visibility for prospective clients and visitors.
For office users and investors seeking a manageable footprint, this suite’s efficient design and practical lighting appeal for daily work needs. The on-building signage opportunity is a useful feature for tenant identity and branding, making the space well-suited to professional services and other office-based operations.
The property is located at 3785 Brickway #210 in Santa Rosa, CA, and it offers an opportunity for signage right on the building, which can help improve on-site visibility for prospective clients and visitors.
For office users and investors seeking a manageable footprint, this suite’s efficient design and practical lighting appeal for daily work needs. The on-building signage opportunity is a useful feature for tenant identity and branding, making the space well-suited to professional services and other office-based operations.
Key Highlights
- Office space built in 2006
- Efficient, well‑designed layout designed to utilize the available square footage
- Well‑lit work environment
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
$29,820
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
5.85%
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%
$596,400
$596.4K
Cap Rate 7%
$426,000
$426.0K
Cap Rate 9%
$331,333
$331.3K
Market Conditions
NOI Build-Up for 2,112 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
$46.9K $22.20/SF
− Vacancy
−$7.1K −$3.37/SF
EGI
$39.8K $18.83/SF
− OpEx
−$9.9K −$4.71/SF
NOI
$29.8K $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%
$596,400
Cap Rate 7%
$426,000
Cap Rate 9%
$331,333
Alternative Uses
Best Use
Office B
$426.0K
$372.8K – $497.0K
NOI $29,820 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$586.8K
$513.4K – $684.6K
NOI $41,074 @ 7.0% cap · market cap 8.05%
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
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Frequently Asked Questions
What type of property is this?
Office units - Efficient, well-lit office layout with an opportunity for on-building signage.
Where is this office units located?
The property is located at 3785 Brickway #210 Santa Rosa, CA.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Office space built in 2006; Efficient, well‑designed layout designed to utilize the available square footage; Well‑lit work environment
