Residential Income Property with Central
For Sale
$249,900
63 Redwing Drive, Santa Rosa, CA 95409
Built in 2020 with a covered exterior area and a kitchen equipped for everyday residential use.
Property Size1,040 SF
Price / SF$240.29
Days on Market42
Property Features for 63 Redwing Drive
General Information
Standard status
Active
Size
1,040 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Additional Details
Highway Access
Yes
Amenities
Ceiling Fan(s), Central Air
Central
Dishwasher, Free-Standing Gas Range, Free-Standing Refrigerator, Gas Water Heater, Microwave
Kitchen Island, Laminate Counters
Covered
Building Details
Year Built
2020
Listing Agency:
Luxe Places International Realty
(707) 328-4129
Listed By:
Rick Wells · License #01364860
(707) 328-4129
Source:
Evrealestate
Added: Jul 21
Changed: Aug 30
Last Checked: Aug 30 at 6:22PM
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 Luxe Places International Realty
Investment Insights
Based on property information with market context.
This residential income property offers 1,040 square feet of interior space and was constructed in 2020. Interior features include central air, ceiling fans, a dishwasher, free-standing gas range, refrigerator, microwave, gas water heater, kitchen island, and laminate countertops. A covered exterior area adds to the property’s usable features.
The property is located at 63 Redwing Drive in Santa Rosa, Sonoma County. Access is provided from Hwy 12 through the park, continuing right toward Redwing.
The property is located at 63 Redwing Drive in Santa Rosa, Sonoma County. Access is provided from Hwy 12 through the park, continuing right toward Redwing.
Key Highlights
- 1,040 square feet of interior space
- Constructed in 2020
- Central air and ceiling fans
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
$18,166
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
7.27%
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%
$363,320
$363.3K
Cap Rate 7%
$259,514
$259.5K
Cap Rate 9%
$201,844
$201.8K
Market Conditions
NOI Build-Up for 1,040 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
$34.7K $33.36/SF
− Vacancy
−$1.7K −$1.60/SF
EGI
$33.0K $31.76/SF
− OpEx
−$14.9K −$14.29/SF
NOI
$18.2K $17.47/SF
Area
Santa Rosa, CA
Vacancy
4.80%
Lease Rate
$33.36 /SF/Yr
Expense Ratio
45.00%
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%
$363,320
Cap Rate 7%
$259,514
Cap Rate 9%
$201,844
Alternative Uses
Best Use
Apartment 5plus
$259.5K
$227.1K – $302.8K
NOI $18,166 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$288.9K
$252.8K – $337.1K
NOI $20,226 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
Explore this area
Business Placement
Demographics for 95409, CA
27,741
Population
12,499
Households
2.2
Avg Household Size
53
Median Age
50%
College-Educated
95%
High-School Grad
35.0 sq mi
ZIP Area
793
Density / Sq Mi
$105,736
Median Household Income
$59,003
Median Earnings
$2,346
Median Rent
$807,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Built in 2020 with a covered exterior area and a kitchen equipped for everyday residential use.
Where is this residential income property located?
The property is located at 63 Redwing Drive Santa Rosa, CA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1,040 square feet of interior space; Constructed in 2020; Central air and ceiling fans
