Two-Story Mixed-Use Commercial
589 Mendocino Avenue Santa Rosa, CA 95401
For Sale
Contact for pricing
Two-floor commercial building with a first-floor fitness studio and second-floor office suite, plus two separate entrances.
Property Size8,242 SF
Price / SF$197.16
Days on Market112
Property Features for 589 Mendocino Avenue
General Information
- Standard status
- Active
- Size
- 8,242 SF
- Property subtype
- Office, Retail, Mixed Use
Building Details
- Year Built
- 1978
Listing Agency:
Keegan & Coppin Co. Petaluma
(707) 889-3577
Listed By:
Summer Jager · License #02222063
Source:
Crexi
Added: Apr 3
Changed: Jul 23
Last Checked: Jul 23 at 11:33AM
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 Co. Petaluma
Investment Insights
Based on property information with market context.
589 Mendocino Avenue is a two-story commercial property totaling 8,242+/- SF, arranged with a built-out fitness studio on the first floor and private office space on the second floor. The first floor includes two studio rooms, a reception and retail area, a private room, and two restrooms, one with a shower. The second floor provides 4,126+/- SF configured as private offices with a waiting area, common area restrooms, and a kitchenette, with flexibility to occupy the entire level or subdivide it.
The building benefits from prominent signage exposure and an expansive storefront window line along Mendocino Avenue. There are two separate entrances, including one fronting Mendocino Avenue and another accessible from the rear parking lot.
Overall, the layout supports an owner-user configuration or potential lease arrangements between levels, with visibility and entry points on both the street and rear parking area.
The building benefits from prominent signage exposure and an expansive storefront window line along Mendocino Avenue. There are two separate entrances, including one fronting Mendocino Avenue and another accessible from the rear parking lot.
Overall, the layout supports an owner-user configuration or potential lease arrangements between levels, with visibility and entry points on both the street and rear parking area.
Key Highlights
- Two‑floor commercial building with 8,242+/- SF total space across 1st and 2nd floors
- First floor (4,116+/- SF) is built out as a fully operational fitness studio with two studio rooms, reception/retail area, private room, and two restrooms (one with a shower)
- Second floor (4,126+/- SF) features private offices with a waiting area, common area restrooms, and a kitchenette; can be occupied fully or subdivided
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 | $183.0k | $22.20 |
| − Vacancy | −$27.8k | −$3.37 |
| EGI | $155.2k | $18.83 |
| − OpEx | −$38.8k | −$4.71 |
| NOI | $116.4k | $14.12 |
8,242 SF · lease $22.20/SF/yr · vacancy 15.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.66M
$1.45M – $1.94M
NOI $116,370 @ 7.0% cap · market cap 7.16%
Second Best
Retail
$1.28M
$1.12M – $1.50M
NOI $89,758 @ 7.0% cap · market cap 5.52%
Theoretical Best
Multifamily LT 5
$2.29M
$2.00M – $2.67M
NOI $160,291 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wine Country Tile ...
General Contractor
Bail Hotline Bail ...
Law Firm
Similar Off Market Nearby
- Li's Wushu Academy — 492 Sonoma Ave, Santa Rosa, CA 95401
- Jeanie Wright Postpartum Corrective Exercise
- Soul Shine Family Chiropractic — 440 S E St, Santa Rosa, CA 95404
- PJAMM Cycling — 438 1st St, Santa Rosa, CA 95401
- Stacey Richards Murray Massage Therapy — 10 4th St suite 219, Santa Rosa, CA 95401
FAQs
What type of property is this?
Fitness center & gym - Two-floor commercial building with a first-floor fitness studio and second-floor office suite, plus two separate entrances.
Where is this fitness center & gym located?
The property is located at 589 Mendocino Avenue Santa Rosa, CA.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Two‑floor commercial building with 8,242+/- SF total space across 1st and 2nd floors; First floor (4,116+/- SF) is built out as a fully operational fitness studio with two studio rooms, reception/retail area, private room, and two restrooms (one with a shower); Second floor (4,126+/- SF) features private offices with a waiting area, common area restrooms, and a kitchenette; can be occupied fully or subdivided
