Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Modern Office Condo For Sale Title is generated by Realmo AI

    5464 Skylane #E, Santa Rosa, CA 95403

    View on Map
    Claim this Listing
    For Sale
    $320,000

    1,440 SF office condo with modern updates and ample light.

    Type:Commercial
    Property size:
    1,440 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $222/SF
    Added:
    Jul 3, 2025
    Days on Market:
    333
    Last Refresh:
    May 10 at 8:57 pm

    Property Features for 5464 Skylane #E

    General Information

    Standard status
    Active
    Size
    1,440 SF
    Lot size
    0.03 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1998

    We can help!

    Listing Contact
    RHONDA DERINGER
    RHONDA DERINGER

    Listing agent RHONDA DERINGER License #01206401

    Listing office KEEGAN & COPPIN COMPANY, INC

    Listing date Jul 3, 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 KEEGAN & COPPIN COMPANY, INC

    HighLights

    • Modern, updated office condo with high ceilings, concrete walls, and exposed ducting.
    • Located in Airport Business Park near the airport, Smart Train Terminal, and Hwy 101.
    • Features 3 private offices and a large open area.
    • Large windows on two sides provide ample natural light.
    • Situated in a well‑maintained commercial building with common area management.
    • Includes shared kitchenette and common restrooms.

    Overview

    This 1,440 square foot office condo is located on the second floor of a well-maintained commercial building within the Airport Business Park. The unit features large windows on two sides, providing ample natural light. The interior has been updated with a modern aesthetic, including high ceilings, concrete walls, exposed ducting, drop lighting and pendant lights, and carpeting. The layout includes three private offices and a large open area. Shared kitchenette and two common restrooms are available. The property is located near the airport and blocks from the Smart Train Terminal, with easy access to Highway 101. This property presents an excellent opportunity for businesses seeking a modern and accessible office space.

    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 $32.0k $22.20
    − Vacancy −$4.9k −$3.37
    EGI $27.1k $18.83
    − OpEx −$6.8k −$4.71
    NOI $20.3k $14.12
    1,440 SF · lease $22.20/SF/yr · vacancy 15.20% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $290.5K
    $254.2K – $338.9K (±1% cap)
    NOI $20,332 @ 7.0% cap · market cap 6.35%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $400.1K
    $350.1K – $466.8K (±1% cap)
    NOI $28,005 @ 7.0% cap · market cap 8.75%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dana Kitchens & Associates Acoustical Consultant The Business Resource Consultant Healthcare Management and Billing Physician Elevate Fire Dance ... Marketing & Advertising A 2 Railla Development ... Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Hair Salon Auto Repair Shop Big Box & Wholesale Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Rosa
    County
    Sonoma
    State
    California
    Longitude
    -122.798
    Latitude
    38.5139

    Nearby Similar for Sale

    • $2,300,000
      4,592 SF

      Santa Rosa Automotive/Retail Opportunity

      High-visibility corner lot with auto and retail potential.
      3110 Santa Rosa Avenue, Santa Rosa, CA 95407
      View Details
    • $2,749,000
      2,339 SF

      Prime Retail Opportunity in Santa Rosa

      High-visibility retail space in a busy commercial corridor.
      1089 Santa Rosa Avenue, Santa Rosa, CA 95404
      View Details
    • $3,999,999
      14,525 SF

      Versatile Mixed-Use Building in Santa Rosa

      Prime mixed-use property in downtown Santa Rosa's Historic Railroad Square.
      145 3rd Street, Santa Rosa, CA 95401
      View Details
    • $699,000
      3,333 SF

      Santa Rosa Office Building Opportunity

      Prime location office building near downtown Santa Rosa.
      451 College Avenue, Santa Rosa, CA 95401
      View Details
    • $975,000
      2,220 SF

      Santa Rosa Office For Sale

      Fully equipped office space in established Santa Rosa business park.
      4867 Old Redwood Highway, Santa Rosa, CA 95403
      View Details
    • $945,000
      4,692 SF

      Santa Rosa Commercial Building

      Commercial building suitable for warehouse, auto repair, or retail.
      80 Barham Avenue, Santa Rosa, CA 95407
      View Details
    • $979,000
      5,000 SF

      Versatile Commercial Building in Santa Rosa

      5,000 sqft commercial building in prime Santa Rosa location.
      1145 Petaluma Hill Road, Santa Rosa, CA 95404
      View Details
    • $840,000
      3,145 SF

      Mixed-Use Quadruplex in Santa Rosa

      Mixed-use property with residential and commercial units, income potential.
      4013 Arthur Ashe Circle, Santa Rosa, CA 95407
      View Details
    • $849,000
      1,989 SF

      Santa Rosa Triplex For Sale

      Triplex with units, yards, parking, and stable tenants.
      487 Hearn Ave, Santa Rosa, CA 95407
      View Details
    • $945,000
      4,692 SF

      Commercial Building in Santa Rosa

      Commercial building featuring warehouse and office spaces on one-third acre.
      80 Barham, Santa Rosa, CA 95407
      View Details
    • $350,625
      1,275 SF

      Professional/Medical Office Condo For Sale

      1,275+/-sf office condo suitable for professional or medical use.
      55 Mission #102, Santa Rosa, CA 95409
      View Details
    • $1,295,000
      4,297 SF

      Charming Santa Rosa Office Building

      Two-story office building near downtown and Santa Rosa Junior College.
      825 College, Santa Rosa, CA 95404
      View Details

    FAQs

    What type of property is this?
    Office units - 1,440 SF office condo with modern updates and ample light.
    Where is this office units located?
    The property is located at 5464 Skylane #E Santa Rosa, CA.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: Modern, updated office condo with **high ceilings, concrete walls, and exposed ducting.**; Located in Airport Business Park near the airport, Smart Train Terminal, and Hwy 101.; Features **3 private offices and a large open area.**
    5281400
    We can help!
    Listing Contact
    RHONDA DERINGER
    RHONDA DERINGER
    Real Estate License ID: 01206401
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5464 Skylane #E, Santa Rosa, CA 95403
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!