Rohnert Park Retail
For Sale
Contact for pricing
555 Rohnert Park Expy, Rohnert Park, CA 94928
Retail center for sale in Rohnert Park, California.
Property Size142,767 SF
Price / SF$108.57
Days on Market159
Property Features for 555 Rohnert Park Expy
General Information
Standard status
Active
Size
142,767 SF
Property subtype
Retail
Zoning
CRPD
Occupancy
92%
Lease Type
Modified Gross
Investment Type
Value Add
Net Operating Income
$1,012,657
Building Details
Year Built
1985
Year Renovated
2025
Buildings
2
Stories
1
Units
6
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Nashville
Listed By:
Jason Hernandez · License #CA 01392646
Source:
Crexi
Added: Mar 4
Changed: Aug 10
Last Checked: Aug 10 at 4:20PM
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 Marcus & Millichap - Nashville
Investment Insights
Based on property information with market context.
The property is a retail center located at 555 Rohnert Park Expy, Rohnert Park, CA 94928. The property size is 142767 square feet.
Key Highlights
- Refer to the offering memorandum at the provided link for comprehensive property details.
- Property was built in 1985.
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
$1,303,493
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
8.41%
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%
$26,069,860
$26.1M
Cap Rate 7%
$18,621,329
$18.6M
Cap Rate 9%
$14,483,256
$14.5M
Market Conditions
NOI Build-Up for 142,767 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
$2.00M $14.04/SF
− Vacancy
−$142.3K −$1.00/SF
EGI
$1.86M $13.04/SF
− OpEx
−$558.6K −$3.91/SF
NOI
$1.30M $9.13/SF
Area
Sonoma County, CA
Vacancy
7.10%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
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%
$26,069,860
Cap Rate 7%
$18,621,329
Cap Rate 9%
$14,483,256
Alternative Uses
Best Use
Retail
$18.62M
$16.29M – $21.72M
NOI $1,303,493 @ 7.0% cap · market cap 8.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$38.69M
$33.85M – $45.13M
NOI $2,708,062 @ 7.0% cap · market cap 17.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,434
Businesses Nearby
351k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Groceries 30%
Shops & Services 20%
Apparel 8%
Safeway
Groceries
63,053 visits/mo
0.3 miles
Ross Dress for Less
Apparel
27,878 visits/mo
0.2 miles
McDonald's
Dining
25,941 visits/mo
0.5 miles
Raley's
Groceries
25,843 visits/mo
0.2 miles
Jack in the Box
Dining
18,014 visits/mo
0.3 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail center for sale in Rohnert Park, California.
Where is this shopping center located?
The property is located at 555 Rohnert Park Expy Rohnert Park, CA.
What is the asking price?
The asking price for this property is $15,500,000.
What are key features of this property?
This property features: Refer to the offering memorandum at the provided link for comprehensive property details.; Property was built in 1985.
