Santa Rosa Multi-Tenant Flex
468 Yolanda, Santa Rosa, CA 95404
Fully occupied flex light industrial property in Santa Rosa, CA.
Type:Commercial
Property size:
57,197 SFLot size:
3.66 AcresPrice / SF:
$188/SF- Added:
- Jul 17, 2025
- Days on Market:
- 321
- Last Refresh:
- May 11 at 1:26 am
Property Features for 468 Yolanda
General Information
- Standard status
- Active
- Size
- 57,197 SF
- Lot size
- 3.66 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1976
Listing agent KERRI A KOR
Listing office KOR COMMERCIAL & RESIDENTIAL REAL ESTATE 5958683
Listing date Jul 17, 2025
Source Corcoran
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 KOR COMMERCIAL & RESIDENTIAL REAL ESTATE
HighLights
- Fully occupied multi‑tenant flex light industrial property in a prime Santa Rosa location.
- Strong, reliable income stream from 18 well‑established tenants with built‑in annual rent increases.
- Significant adaptability with the option to reconfigure suite layouts across five buildings.
- Located on 3.66 acres with future redevelopment potential.
- Zoned IL - Light Industrial, supporting a wide range of uses.
- Buildings feature both drive‑up loading with roll‑up doors and dedicated office/storefront entries.
Overview
Located in Santa Rosa, CA, the property at 468 Yolanda Avenue offers an opportunity to acquire a fully occupied multi-tenant flex light industrial property. Zoned IL - Light Industrial, the site spans approximately 57,197 square feet across five buildings on 3.66 acres. The property's layout allows for reconfiguring suite layouts. It houses 18 tenants, some with occupancy histories of 20 years or more, benefiting from leases with built-in annual rent increases. The asset has experienced minimal long-term vacancy. The owner has intentionally preserved the ability for some leases/uses to age-out sooner if desired by Purchaser. Tenants include a mix of retail, service, auto, and agricultural businesses. The buildings feature both drive-up loading with roll-up doors and dedicated office or storefront entries, making them suitable for a range of flex and light industrial users. Located in a growth-oriented area, the property also carries future redevelopment potential aligned with the region's evolving development plans.
Local Financial Insights For Retail
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 | $974.6k | $17.04 |
| − Vacancy | −$84.8k | −$1.48 |
| EGI | $889.8k | $15.56 |
| − OpEx | −$267.0k | −$4.67 |
| NOI | $622.9k | $10.89 |
57,197 SF · lease $17.04/SF/yr · vacancy 8.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$8.90M
$7.79M – $10.38M
NOI $622,890 @ 7.0% cap · market cap 5.77%
Second Best
Industrial
$8.60M
$7.53M – $10.04M
NOI $602,332 @ 7.0% cap · market cap 5.58%
Theoretical Best
Multifamily LT 5
$15.89M
$13.90M – $18.54M
NOI $1,112,373 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
BA Motorsports
Auto Repair Shop
Master's Touch Upholstery
Furniture & Home Goods
T & K Automotive
Auto Repair Shop
A to B Car Rental
Car Rental Facility
Fire Safety Supply
Production Facility
Location Insight
- Map
- Local Demand
- City
- Santa Rosa
- County
- Sonoma
- State
- California
- Longitude
- -122.708
- Latitude
- 38.4128
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Fully occupied flex light industrial property in Santa Rosa, CA.
Where is this flex space located?
The property is located at 468 Yolanda Santa Rosa, CA.
What is the asking price?
The asking price for this property is $10,800,000.
What are key features of this property?
This property features: Fully occupied multi‑tenant flex light industrial property in a prime Santa Rosa location.; Strong, reliable income stream from 18 well‑established tenants with built‑in annual rent increases.; Significant adaptability with the option to reconfigure suite layouts across five buildings.
