Professional/Medical Office Condo For
For Sale
$350,625
55 Mission #102, Santa Rosa, CA 95409
1,275+/-sf office condo suitable for professional or medical use.
Property Size1,275 SF
Price / SF$275
Days on Market191
Property Features for 55 Mission #102
General Information
Standard status
Active
Size
1,275 SF
Property subtype
Commercial
Amenities
Central air
Central Cooling
Central Heating
Flat Roof
Tile Roof
Wood Flooring
Building Details
Year Built
1998
Listing Agency:
KEEGAN & COPPIN COMPANY, INC
5281400
Listed By:
RHONDA DERINGER · License #01206401
(707) 528-1400
Source:
Corcoran
Added: Apr 7
Changed: Oct 13
Last Checked: Oct 12 at 7:37PM
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
Investment Insights
Based on property information with market context.
This 1,275+/-sf office condominium is located in the Mission Professional Center and features a floor plan with 9-foot ceiling height. It is suitable for professional, medical, or dental office use. Previously used as a dental office, the space currently includes 3 operatories, a private office plus a small office, lab sterilization rooms, a lounge, a waiting room/reception area, a private restroom, and closets/storage. The layout could be converted to up to 8 private offices, with a waiting room/reception area, a private restroom, and closets/storage. Furniture, fixtures, and equipment from the previous dental practice are available. The building includes shared common areas such as a conference room, laundry room, and shower room. An owners association manages the property with monthly association dues. Abundant on-site parking is available in the beautifully landscaped grounds. The property is part of a multi-tenant, multi-building complex at Mission Circle, which includes a professional center, shopping center, and fast-food restaurants. It offers easy access from Highway 12 and is located at a signalized intersection with a high traffic count of 60,000+/- ADT at Hwy 12 Mission Blvd. Co-tenants and area tenants include medical and dental offices, McDonald's, Burger King, Walgreens, Sarmentine French Artisan Boulanger, Windsor Fitness @ Mission, Chateau de Beauty, a Mexican cuisine restaurant, One-to-One Learning Center, Fru-Ta, Verizon, the Mission Car Wash, and the Union Hotel Restaurant.
Key Highlights
- Versatile 1,275+\/-sf office condominium suitable for professional, medical, or dental use.
- Located in the Mission Professional Center with shared common areas including a conference room, laundry room, and shower room.
- Previously used as a dental office with existing operatory rooms, private office, lab, sterilization rooms, lounge, waiting room, and restroom.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,002
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,040
$360.0K
Cap Rate 7%
$257,171
$257.2K
Cap Rate 9%
$200,022
$200.0K
Market Conditions
NOI Build-Up for 1,275 SF
Gross rent
$28.3K $22.20/SF
− Vacancy
−$4.3K −$3.37/SF
EGI
$24.0K $18.83/SF
− OpEx
−$6.0K −$4.71/SF
NOI
$18.0K $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 Rate 5%
$360,040
Cap Rate 7%
$257,171
Cap Rate 9%
$200,022
Alternative Uses
Best Use
Office B
$257.2K
$225.0K – $300.0K
NOI $18,002 @ 7.0% cap · market cap 5.13%
Second Best
Healthcare Medical
$243.8K
$213.4K – $284.5K
NOI $17,069 @ 7.0% cap · market cap 4.87%
Theoretical Best
Multifamily LT 5
$354.2K
$310.0K – $413.3K
NOI $24,796 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95409, CA
27,741
Population
12,499
Households
2.2
Avg Household Size
53
Median Age
50%
College-Educated
95%
High-School Grad
35.0 sq mi
ZIP Area
793
Density / Sq Mi
$105,736
Median Household Income
$59,003
Median Earnings
$2,346
Median Rent
$807,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 1,275+/-sf office condo suitable for professional or medical use.
Where is this medical office space located?
The property is located at 55 Mission #102 Santa Rosa, CA.
What is the asking price?
The asking price for this property is $350,625.
What are key features of this property?
This property features: Versatile 1,275+\/-sf office condominium suitable for professional, medical, or dental use.; Located in the Mission Professional Center with shared common areas including a conference room, laundry room, and shower room.; Previously used as a dental office with existing operatory rooms, private office, lab, sterilization rooms, lounge, waiting room, and restroom.
