Animal Ophthalmology Practice For
For Sale
$975,000
4867 Old Redwood Hwy, Santa Rosa, CA 95403
Fully equipped animal ophthalmology practice in established business park.
Property Size2,220 SF
Price / SF$439.19
Days on Market97
Property Features for 4867 Old Redwood Hwy
General Information
Standard status
Active
Size
2,220 SF
Property subtype
Commercial
Building Details
Building Size
2,220 SF
Year Built
2008
Listing Agency:
Sterling California Properties
(707) 396-2686
Listed By:
Marshall Mello · License #01815138
(707) 396-2686
Source:
Elliman
Added: May 27
Changed: Aug 23
Last Checked: Aug 30 at 2:43PM
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 Sterling California Properties
Investment Insights
Based on property information with market context.
This 2,220 square foot property is a fully equipped animal ophthalmology practice ready for a new owner. The layout includes a waiting area, reception, information/procedure viewing area, three exam rooms, a lab, pre- and post-surgery staging areas, and a surgery room equipped with two ceiling-mounted oxygen hoses. Additional features include two bathrooms, a technology room, a break room, and an office with multiple workstations. The space is adaptable for conversion to human ophthalmology, a general veterinary practice, a doctor's office, a dentist's office, a dermatology office, or other uses. The property is situated in an established business park with ample parking and convenient access off 101 in Larkfield.
Key Highlights
- Fully equipped animal ophthalmology practice ready for new owner.
- Easily converted to human ophthalmology, general veterinary practice, doctor's office, dentist office, dermatology office, and more.
- Surgery room with two ceiling mounted oxygen hoses.**
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
$31,345
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
3.21%
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%
$626,900
$626.9K
Cap Rate 7%
$447,786
$447.8K
Cap Rate 9%
$348,278
$348.3K
Market Conditions
NOI Build-Up for 2,220 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
$49.3K $22.20/SF
− Vacancy
−$7.5K −$3.37/SF
EGI
$41.8K $18.83/SF
− OpEx
−$10.4K −$4.71/SF
NOI
$31.3K $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%
$626,900
Cap Rate 7%
$447,786
Cap Rate 9%
$348,278
Alternative Uses
Best Use
Office B
$447.8K
$391.8K – $522.4K
NOI $31,345 @ 7.0% cap · market cap 3.21%
Second Best
Healthcare Medical
$424.6K
$371.5K – $495.3K
NOI $29,720 @ 7.0% cap · market cap 3.05%
Theoretical Best
Multifamily LT 5
$616.8K
$539.7K – $719.6K
NOI $43,175 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
Well-served
Demand for This Use
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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Similar Off Market Nearby
- All Animal Eye Care — 4867 Old Redwood Hwy, Santa Rosa, CA 95403
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- Redwood Equine Practice — 422 Larkfield Center, Santa Rosa, CA 95403
- York Cynthia DVM — 448 Larkfield Center, Santa Rosa, CA 95403
- Wikiup Veterinary Hospital — 130 Wikiup Dr, Santa Rosa, CA 95403
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully equipped animal ophthalmology practice in established business park.
Where is this medical office space located?
The property is located at 4867 Old Redwood Hwy Santa Rosa, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Fully equipped animal ophthalmology practice ready for new owner.; Easily converted to human ophthalmology, general veterinary practice, doctor's office, dentist office, dermatology office, and more.; Surgery room with two ceiling mounted oxygen hoses.**
