Stable Leased Medical
For Sale
$1,895,000
Pending
5300 Snyder Ln, Rohnert Park, CA 94928
Leased medical building with development potential in prime location.
Property Size8,352 SF
Days on Market181
Property Features for 5300 Snyder Ln
General Information
Standard status
Pending
Size
8,352 SF
Listing Agency:
North Bay Property Advisors
(707) 523-2700
Listed By:
William Severi · License #01000344
Source:
Exprealty
Added: Feb 24
Changed: Aug 23
Last Checked: Aug 10 at 6:59AM
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 Property Advisors
Investment Insights
Based on property information with market context.
This well-maintained medical building is located on the hard corner of Snyder Lane and Rohnert Park Expressway, approximately 1.5 miles from US Hwy 101 and about 1 mile east of the proposed new Rohnert Park Downtown Development. The property features tenants such as Sutter Health, a dentist, and an endodontist, all of whom have been in the building for over 10 years. Tenants are on gross leases with annual adjustments. Sutter Health and Dr. Kuo recently renewed their leases. Recent ADA upgrades have been made to the building entry, ADA parking/loading, ramp, and decking. The building perimeter features a private garden-like setting visible from each tenant's panoramic window line. The property grosses about $18,000 per month with an annual NOI estimated to be $155,000 based on the 2026 rent roll. Suite D, approximately 1500 sq. ft., recently vacated after over 10 years in the building due to retirement and is available for lease. The property includes nearly 14,000+/- sq. ft. of excess land, providing potential future development opportunities on this strategic location. The building size is 8,352 square feet.
Key Highlights
- Stable leased medical investment property with long‑term tenants exceeding 10 years.
- High annual Net Operating Income (NOI) estimated at $155K based on the 2026 rent roll.
- Prime corner location near US Hwy 101 and the proposed Rohnert Park Downtown Development.
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
$117,924
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
6.22%
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%
$2,358,480
$2.4M
Cap Rate 7%
$1,684,629
$1.7M
Cap Rate 9%
$1,310,267
$1.3M
Market Conditions
NOI Build-Up for 8,352 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
$185.4K $22.20/SF
− Vacancy
−$28.2K −$3.37/SF
EGI
$157.2K $18.83/SF
− OpEx
−$39.3K −$4.71/SF
NOI
$117.9K $14.12/SF
Area
Sonoma County, 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%
$2,358,480
Cap Rate 7%
$1,684,629
Cap Rate 9%
$1,310,267
Alternative Uses
Best Use
Office B
$1.68M
$1.47M – $1.97M
NOI $117,924 @ 7.0% cap · market cap 6.22%
Second Best
Healthcare Medical
$1.49M
$1.31M – $1.74M
NOI $104,514 @ 7.0% cap · market cap 5.52%
Theoretical Best
Specialty Retail
$2.26M
$1.98M – $2.64M
NOI $158,424 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94928, CA
47,062
Population
17,449
Households
2.7
Avg Household Size
36
Median Age
30%
College-Educated
90%
High-School Grad
7.7 sq mi
ZIP Area
6,112
Density / Sq Mi
$96,622
Median Household Income
$44,674
Median Earnings
$2,211
Median Rent
$634,700
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?
Medical Office Space - Leased medical building with development potential in prime location.
Where is this medical office space located?
The property is located at 5300 Snyder Ln Rohnert Park, CA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Stable leased medical investment property with long‑term tenants exceeding 10 years.; High annual Net Operating Income (NOI) estimated at $155K based on the 2026 rent roll.; Prime corner location near US Hwy 101 and the proposed Rohnert Park Downtown Development.
