Rohnert Park Investment
For Sale
$2,400,000
5755 Redwood Drive, Rohnert Park, CA 94928
Prominent Rohnert Park investment property with income and upside.
Property Size9,671 SF
Price / SF$248.16
Days on Market281
Property Features for 5755 Redwood Drive
General Information
Standard status
Active
Size
9,671 SF
Class
C
Property subtype
Office
Building Details
Building Size
9,671 SF
Year Built
1989
Listing Agency:
Ground Matrix
(707) 570-7802
Listed By:
Jerry Adamson · License #CalDRE #01935945
Source:
Groundmatrix
Added: Nov 21, 2025
Changed: Aug 15
Last Checked: Aug 29 at 7:37AM
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 Ground Matrix
Investment Insights
Based on property information with market context.
Located on the Westside of Rohnert Park, California, 5755 Redwood Drive is an investment property situated between the Rohnert Park Expressway and Golf Course Drive West. The building, totaling approximately 9,671 square feet, presents an opportunity for an investor or owner/user, particularly with the ground floor vacancy. The existing tenants provide a stable income stream, with potential for increased returns in the future. Tenants benefit from signage visibility on Redwood Drive and to Highway 101 traffic. An exclusive parking lot serves the property, with tenants having rights to dedicated parking areas. There is approximately 1,805 square feet of vacancy on the ground floor, offering upside in rental income. The flexible zoning allows for many types of uses.
Key Highlights
- Stable income from long‑term leases with credit‑worthy tenants.
- Ground floor vacancy of +/- 1,805 sqft provides upside in rental income.
- Prominent location between two major freeway exits.
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
$136,547
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
5.69%
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%
$2,730,940
$2.7M
Cap Rate 7%
$1,950,671
$2.0M
Cap Rate 9%
$1,517,189
$1.5M
Market Conditions
NOI Build-Up for 9,671 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
$214.7K $22.20/SF
− Vacancy
−$32.6K −$3.37/SF
EGI
$182.1K $18.83/SF
− OpEx
−$45.5K −$4.71/SF
NOI
$136.5K $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%
$2,730,940
Cap Rate 7%
$1,950,671
Cap Rate 9%
$1,517,189
Alternative Uses
Best Use
Office B
$1.95M
$1.71M – $2.28M
NOI $136,547 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.62M
$2.29M – $3.06M
NOI $183,443 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,659
Businesses Nearby
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?
Office building - Prominent Rohnert Park investment property with income and upside.
Where is this office building located?
The property is located at 5755 Redwood Drive Rohnert Park, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Stable income from long‑term leases with credit‑worthy tenants.; Ground floor vacancy of +/- 1,805 sqft provides upside in rental income.; Prominent location between two major freeway exits.
