Elevator-Served Office
For Sale
$3,995,000
416 B Street Santa, Santa Rosa, CA 95401
Remodeled commercial building with elevator access, CMU zoning, and nearby public parking in downtown Santa Rosa.
Property Size25,646 SF
Price / SF$155.77
Days on Market193
Property Features for 416 B Street Santa
General Information
Standard status
Active
Size
25,646 SF
Class
B
Elevators
Yes
Property subtype
Multi Tenant Office
Zoning
CMU
Building Details
Building Size
25,646 SF
Year Built
1940
Buildings
1
Listing Agency:
North Bay Commercial Real Estate
(707) 570-9390
Listed By:
Michael Mazanec · License #1968962
(707) 570-9390
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 1:03PM
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 Commercial Real Estate
Investment Insights
Based on property information with market context.
This 25,646-square-foot office building dates to 1940 and has undergone an extensive modern interior remodel. Elevator service supports accessibility throughout the building, while the existing configuration is suited to office occupancy, an owner-user, or an office-focused investment strategy.
The property is positioned at the northeast corner of B Street and 5th Street in downtown Santa Rosa. Two Santa Rosa City parking lots are adjacent to the building, and the Santa Rosa Plaza parking garage is located across the street. CMU zoning provides the property's established commercial land-use designation.
The property is positioned at the northeast corner of B Street and 5th Street in downtown Santa Rosa. Two Santa Rosa City parking lots are adjacent to the building, and the Santa Rosa Plaza parking garage is located across the street. CMU zoning provides the property's established commercial land-use designation.
Key Highlights
- 25,646‑square‑foot office building constructed in 1940
- Extensive modern interior remodel
- Elevator‑served building
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
$362,101
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
9.06%
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%
$7,242,020
$7.2M
Cap Rate 7%
$5,172,871
$5.2M
Cap Rate 9%
$4,023,344
$4.0M
Market Conditions
NOI Build-Up for 25,646 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
$569.3K $22.20/SF
− Vacancy
−$86.5K −$3.37/SF
EGI
$482.8K $18.83/SF
− OpEx
−$120.7K −$4.71/SF
NOI
$362.1K $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%
$7,242,020
Cap Rate 7%
$5,172,871
Cap Rate 9%
$4,023,344
Alternative Uses
Best Use
Office B
$5.17M
$4.53M – $6.04M
NOI $362,101 @ 7.0% cap · market cap 9.06%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$7.13M
$6.23M – $8.31M
NOI $498,766 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,163
Businesses Nearby
Explore this area
Business Placement
Demographics for 95401, CA
37,272
Population
14,281
Households
2.6
Avg Household Size
38
Median Age
28%
College-Educated
80%
High-School Grad
20.9 sq mi
ZIP Area
1,783
Density / Sq Mi
$93,513
Median Household Income
$45,630
Median Earnings
$1,978
Median Rent
$628,900
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 building - Remodeled commercial building with elevator access, CMU zoning, and nearby public parking in downtown Santa Rosa.
Where is this office building located?
The property is located at 416 B Street Santa Santa Rosa, CA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 25,646‑square‑foot office building constructed in 1940; Extensive modern interior remodel; Elevator‑served building
