Industrial Condominium with Flexible
For Sale
$329,000
595 Santana #D, Cloverdale, CA 95425
Industrial condominium featuring warehouse and office space with flexible uses.
Property Size1,647 SF
Lot Size0.04 Acres
Price / SF$199.76
Days on Market149
Property Features for 595 Santana #D
General Information
Standard status
Active
Size
1,647 SF
Lot size
0.04 Acres
Property subtype
Commercial
Building Details
Year Built
2007
Listing Agency:
LIVE WINE COUNTRY
3855333
Listed By:
TATIANA MCWILLIAMS · License #01892400
Source:
Corcoran
Added: Mar 27
Changed: Aug 22
Last Checked: Aug 22 at 8:18AM
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 LIVE WINE COUNTRY
Investment Insights
Based on property information with market context.
This industrial condominium offers approximately 1,716 square feet of flexible space. The unit features an approximate 16-foot clear height and a 16-foot by 12-foot grade-level roll-up door. Unit D includes a three-panel glass entry, a drain system, and a fully insulated roof. The property is sprinklered. The layout comprises 228 square feet of conditioned office space and a 1,488-square-foot warehouse area. The warehouse includes a lab that can be converted back to a bathroom. This ownership opportunity is suitable for a range of industrial uses.
Key Highlights
- 16' Clear Height
- 16' x 12' Grade‑Level Roll‑Up Door
- Enjoy the comfort of Conditioned Office Space (228 sq ft)
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
$24,291
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
7.38%
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%
$485,820
$485.8K
Cap Rate 7%
$347,014
$347.0K
Cap Rate 9%
$269,900
$269.9K
Market Conditions
NOI Build-Up for 1,647 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
$37.4K $22.68/SF
− Vacancy
−$2.7K −$1.61/SF
EGI
$34.7K $21.07/SF
− OpEx
−$10.4K −$6.32/SF
NOI
$24.3K $14.75/SF
Area
Sonoma County, CA
Vacancy
7.10%
Lease Rate
$22.68 /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%
$485,820
Cap Rate 7%
$347,014
Cap Rate 9%
$269,900
Alternative Uses
Best Use
Industrial
$347.0K
$303.6K – $404.9K
NOI $24,291 @ 7.0% cap · market cap 7.38%
Second Best
Flex RnD
$334.9K
$293.1K – $390.7K
NOI $23,444 @ 7.0% cap · market cap 7.13%
Theoretical Best
Specialty Retail
$446.3K
$390.5K – $520.7K
NOI $31,241 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
80
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95425, CA
11,252
Population
4,600
Households
2.4
Avg Household Size
44
Median Age
32%
College-Educated
84%
High-School Grad
191.8 sq mi
ZIP Area
59
Density / Sq Mi
$107,281
Median Household Income
$52,487
Median Earnings
$1,307
Median Rent
$647,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Industrial condominium featuring warehouse and office space with flexible uses.
Where is this flex space located?
The property is located at 595 Santana #D Cloverdale, CA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 16' Clear Height; 16' x 12' Grade‑Level Roll‑Up Door; Enjoy the comfort of Conditioned Office Space (228 sq ft)
