Multi-Suite Office
For Sale
$1,100,000
659 Cherry St, Santa Rosa, CA 95404
Two-story professional office property with flexible occupancy for an owner-user and on-site parking.
Property Size4,875 SF
Price / SF$225.64
Days on Market47
Property Features for 659 Cherry St
General Information
Standard status
Active
Size
4,875 SF
Total Parking Spaces
7
Property subtype
Commercial
Occupancy
100%
Lease Term
Month-to-month
Site & Location
Neighborhood
Cherry St Historic District
Additional Details
Office Units
14
Building Details
Building Size
4,875 SF
Stories
2
Units
14
Tenancy
Multi
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
Simon Raya · License #1924065
(707) 326-1117
Source:
Elliman
Added: Sep 15
Changed: Oct 25
Last Checked: Oct 30 at 2:29PM
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 COLDWELL BANKER REALTY
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Investment Insights
Based on property information with market context.
This two-story professional office building contains approximately 4,875 square feet arranged across 14 suites. The configuration supports an owner-user occupying a portion of the property while retaining rental income from other suites. The building was fully occupied according to the July 2026 rent roll, with tenancy comprising shorter-term and month-to-month arrangements where reflected in the lease schedule.
Located at 659 Cherry St in central Santa Rosa, the property is near College Avenue and downtown services. The site includes 7 parking spaces, 2 of which are covered. Walk Score is 87, Bike Score is 64, and Transit Score is 45, providing pedestrian, bicycle, and public-transit access within the surrounding area.
Located at 659 Cherry St in central Santa Rosa, the property is near College Avenue and downtown services. The site includes 7 parking spaces, 2 of which are covered. Walk Score is 87, Bike Score is 64, and Transit Score is 45, providing pedestrian, bicycle, and public-transit access within the surrounding area.
Key Highlights
- Approximately 4,875 SF professional office building over two stories
- 14‑suite configuration with flexible owner‑user occupancy potential
- Fully occupied as of the July 2026 rent roll
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,831
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,376,620
$1.4M
Cap Rate 7%
$983,300
$983.3K
Cap Rate 9%
$764,789
$764.8K
Market Conditions
NOI Build-Up for 4,875 SF
Gross rent
$108.2K $22.20/SF
− Vacancy
−$16.5K −$3.37/SF
EGI
$91.8K $18.83/SF
− OpEx
−$22.9K −$4.71/SF
NOI
$68.8K $14.12/SF
Area
Santa Rosa, 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 Rate 5%
$1,376,620
Cap Rate 7%
$983,300
Cap Rate 9%
$764,789
Alternative Uses
Best Use
Office B
$983.3K
$860.4K – $1.15M
NOI $68,831 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.35M
$1.19M – $1.58M
NOI $94,809 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
14
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,289
Businesses Nearby
Explore this area
Business Placement
Demographics for 95404, CA
38,034
Population
16,850
Households
2.3
Avg Household Size
43
Median Age
45%
College-Educated
90%
High-School Grad
75.4 sq mi
ZIP Area
504
Density / Sq Mi
$102,802
Median Household Income
$57,388
Median Earnings
$1,890
Median Rent
$865,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Two-story professional office property with flexible occupancy for an owner-user and on-site parking.
Where is this office building located?
The property is located at 659 Cherry St Santa Rosa, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 4,875 SF professional office building over two stories; 14‑suite configuration with flexible owner‑user occupancy potential; Fully occupied as of the July 2026 rent roll
