Flex Space with Grade-Level
For Sale
$449,000
4-1130 Industrial Avenue, Petaluma, CA 94952
PCD-zoned unit combines a front reception area with adaptable space for office, industrial, creative, or light manufacturing uses.
Property Size1,368 SF
Price / SF$328.22
Days on Market77
Property Features for 4-1130 Industrial Avenue
General Information
Standard status
Active
Size
1,368 SF
Total Parking Spaces
2
Zoning
PCD
Warehouse & Industrial
Drive-In Doors
1
Sprinkler System
Yes
Additional Details
HOA Fee
$630.83
Office Units
1
Building Details
Year Built
1987
Listing Agency:
Compass
(415) 345-3000
Listed By:
Gabriel J. Galiothe · License #01941289
(510) 387-6820
Source:
Exprealty
Added: Jul 2
Changed: Sep 4
Last Checked: Sep 15 at 11:53AM
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 Compass
Investment Insights
Based on property information with market context.
This flex space is located within a well-maintained complex in a Planned Community Development (PCD) zone. The unit features a flexible layout with a front office and reception area, supporting a blend of office, industrial, creative, or light manufacturing uses. A fire sprinkler system and 12-foot-high by 10-foot-wide grade-level roll-up door provide functional loading access. Originally built in 1987, the property also includes two reserved parking spaces and access to shared unreserved parking for staff and visitors.
The property is located at 4-1130 Industrial Avenue in Petaluma, California. Its combination of office presentation, loading access, parking, and adaptable interior layout supports a range of small-business configurations within the complex.
The property is located at 4-1130 Industrial Avenue in Petaluma, California. Its combination of office presentation, loading access, parking, and adaptable interior layout supports a range of small-business configurations within the complex.
Key Highlights
- 12'H x 10'W grade‑level roll‑up door
- Front office and reception area
- Planned Community Development (PCD) zoning
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
$20,176
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
4.49%
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%
$403,520
$403.5K
Cap Rate 7%
$288,229
$288.2K
Cap Rate 9%
$224,178
$224.2K
Market Conditions
NOI Build-Up for 1,368 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
$31.0K $22.68/SF
− Vacancy
−$2.2K −$1.61/SF
EGI
$28.8K $21.07/SF
− OpEx
−$8.6K −$6.32/SF
NOI
$20.2K $14.75/SF
Area
Sonoma County, CA
Vacancy
7.10%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
30.00%
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%
$403,520
Cap Rate 7%
$288,229
Cap Rate 9%
$224,178
Alternative Uses
Best Use
Industrial
$288.2K
$252.2K – $336.3K
NOI $20,176 @ 7.0% cap · market cap 4.49%
Second Best
Flex RnD
$278.2K
$243.4K – $324.5K
NOI $19,472 @ 7.0% cap · market cap 4.34%
Theoretical Best
Specialty Retail
$370.7K
$324.4K – $432.5K
NOI $25,949 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
1
Office units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Well-served
Demand for This Use
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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Similar Off Market Nearby
- Lombardi's Catering Company — 3413 Petaluma Blvd N, Petaluma, CA 94952
- Marin Gourmet — 1120 Industrial Ave, Petaluma, CA 94952
- Black Bean BBQ Catering — 200 Stony Point Rd, Petaluma, CA 94952
- Oskey's Ice Cream — 1340 Industrial Dr, Petaluma, CA 94952
- Greenhouse Children's Project — 1213 N McDowell Blvd, Petaluma, CA 95401
Frequently Asked Questions
What type of property is this?
Flex space - PCD-zoned unit combines a front reception area with adaptable space for office, industrial, creative, or light manufacturing uses.
Where is this flex space located?
The property is located at 4-1130 Industrial Avenue Petaluma, CA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 12'H x 10'W grade‑level roll‑up door; Front office and reception area; Planned Community Development (PCD) zoning
