Multi-Tenant Office Medical
418 Aviation Blvd Santa Rosa, CA 95403
418 Aviation Blvd, Santa Rosa, CA, 95403
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For Sale
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Multi-tenant office/medical building built in 1991 with 85% occupancy and flexible suite configurations.
Property Size6,592 SF
Lot Size0.10 Acres
Price / SF$280.64
Days on Market168
Property Features for 418 Aviation Blvd
General Information
- Standard status
- Active
- Size
- 6,592 SF
- Lot size
- 0.10 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1991
Listing agency
NAI Northern California
(510) 757-9929
Listed by
Seth Hubbert · License #CA 02158135
Source
Crexi
Added: Feb 3 Updated: Jul 20 at 11:24PM Checked: Jul 21 at 6:17AM
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 NAI Northern California
Investment Insights
Based on property information with market context.
This multi-tenant office/medical building offers flexible suite configurations in a professional setting. Built in 1991, the property totals 6,592 SF and sits on 10.10 acres, with current occupancy at 85% and approximately 1,500 SF available. The parking ratio is 6.0 per 1,000 SF, supporting tenant and visitor access.
Located at 418 Aviation Blvd within the Airport Business Center in the Santa Rosa submarket, the property benefits from a business-oriented surroundings and ongoing leasing activity referenced in the area market. The listing notes recent submarket leasing that is associated with competitive asking rents of $24.60–$36.00/SF MG, creating value-add or owner-user leasing opportunities.
For prospective tenants and buyers, the existing multi-suite setup and available space support a range of occupancy needs within a dedicated office/medical environment.
Located at 418 Aviation Blvd within the Airport Business Center in the Santa Rosa submarket, the property benefits from a business-oriented surroundings and ongoing leasing activity referenced in the area market. The listing notes recent submarket leasing that is associated with competitive asking rents of $24.60–$36.00/SF MG, creating value-add or owner-user leasing opportunities.
For prospective tenants and buyers, the existing multi-suite setup and available space support a range of occupancy needs within a dedicated office/medical environment.
Key Highlights
- 6,592 SF multi‑tenant office/medical building built in 1991 on 0.10 acres
- Current occupancy is 85%, with approximately 1,500 SF available for lease
- Flexible suite configurations for a range of office/medical tenant needs
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $146.3k | $22.20 |
| − Vacancy | −$22.2k | −$3.37 |
| EGI | $124.1k | $18.83 |
| − OpEx | −$31.0k | −$4.71 |
| NOI | $93.1k | $14.12 |
6,592 SF · lease $22.20/SF/yr · vacancy 15.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $93,074 @ 7.0% cap · market cap 5.03%
Second Best
Healthcare Medical
$1.26M
$1.10M – $1.47M
NOI $88,249 @ 7.0% cap · market cap 4.77%
Theoretical Best
Multifamily LT 5
$1.83M
$1.60M – $2.14M
NOI $128,202 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Alta Industries
Building Supply
David O. Wong, ...
Dental Office
Sellman Richard DDS
Dental Office
Perez Personal Training
Gym & Fitness Center
Flagship Brands Inc
Brewery & Distillery
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FAQs
What type of property is this?
Office building - Multi-tenant office/medical building built in 1991 with 85% occupancy and flexible suite configurations.
Where is this office building located?
The property is located at 418 Aviation Blvd Santa Rosa, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 6,592 SF multi‑tenant office/medical building built in 1991 on 0.10 acres; Current occupancy is 85%, with approximately 1,500 SF available for lease; Flexible suite configurations for a range of office/medical tenant needs
