Leased Retail Spaces on Town
For Sale
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620 Mc Clelland Dr, Windsor, CA 95492
Two fully leased retail spaces in a prime downtown location.
Property Size1,291 SF
Price / SF$348.57
Days on Market230
Property Features for 620 Mc Clelland Dr
General Information
Standard status
Active
Size
1,291 SF
Property subtype
Retail
Lease Type
Gross
Investment Type
Owner/User
Building Details
Year Built
2002
Units
2
Tenancy
Single
Listing Agency:
Keegan & Coppin Co. Petaluma
Listed By:
Summer Jager · License #02222063
(707) 664-1400
Source:
Crexi
Added: Jan 26
Changed: Sep 11
Last Checked: Sep 13 at 4:12AM
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.
This property presents an investment opportunity with two fully leased retail spaces situated on The Windsor Town Green. The location is in a prime downtown area, offering strong visibility for both spaces. One retail space, located at 620 McClelland Dr., provides approximately 439 square feet. The second retail space, at 624 McClelland Dr., offers around 851 square feet.
Key Highlights
- Prime downtown location on The Windsor Town Green.
- Investment opportunity with two fully leased office spaces.
- Two retail spaces offering strong visibility.
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
$18,228
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
4.05%
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%
$364,560
$364.6K
Cap Rate 7%
$260,400
$260.4K
Cap Rate 9%
$202,533
$202.5K
Market Conditions
NOI Build-Up for 1,291 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
$28.7K $22.20/SF
− Vacancy
−$4.4K −$3.37/SF
EGI
$24.3K $18.83/SF
− OpEx
−$6.1K −$4.71/SF
NOI
$18.2K $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%
$364,560
Cap Rate 7%
$260,400
Cap Rate 9%
$202,533
Alternative Uses
Best Use
Office B
$260.4K
$227.9K – $303.8K
NOI $18,228 @ 7.0% cap · market cap 4.05%
Second Best
Retail
$168.4K
$147.3K – $196.5K
NOI $11,787 @ 7.0% cap · market cap 2.62%
Theoretical Best
Specialty Retail
$349.8K
$306.1K – $408.1K
NOI $24,488 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
897
Businesses Nearby
Explore this area
Business Placement
Demographics for 95492, CA
27,819
Population
10,013
Households
2.8
Avg Household Size
42
Median Age
35%
College-Educated
89%
High-School Grad
19.8 sq mi
ZIP Area
1,405
Density / Sq Mi
$131,022
Median Household Income
$54,001
Median Earnings
$2,149
Median Rent
$777,700
Median Home Value
Check the figures for this property
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?
Retail space - Two fully leased retail spaces in a prime downtown location.
Where is this retail space located?
The property is located at 620 Mc Clelland Dr Windsor, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Prime downtown location on The Windsor Town Green.; Investment opportunity with two fully leased office spaces.; Two retail spaces offering strong visibility.
