Flex Space with
For Sale
$999,000
6675 Petersen Rd, Petaluma, CA 94952
Two-level commercial property with gated access, wooded surroundings, office improvements, and private water and septic systems.
Property Size4,856 SF
Lot Size2.00 Acres
Days on Market10
Property Features for 6675 Petersen Rd
General Information
Standard status
Active
Size
4,856 SF
Total Parking Spaces
20
Lot size
2.00 Acres
Property subtype
Commercial
Zoning
DA B6 10
Building Details
Building Size
4,856 SF
Year Built
1950
Buildings
2
Listing Agency:
DIAMOND REAL ESTATE GROUP
(707) 888-3881
Listed By:
Matthew R Martinez
(707) 888-3881
Source:
Elliman
Added: Aug 20
Changed: Aug 22
Last Checked: Aug 29 at 10:38AM
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 DIAMOND REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
This two-level flex property occupies approximately two private acres and includes a substantial warehouse building plus an approximately 1,000-square-foot portable office. The improvements were formerly used for meat processing and provide an existing foundation for storage, production, agricultural-related operations, light industrial activity, or creative work. Approximately 20 paved parking spaces serve the site, which is reached by a gated private driveway.
The property has its own water system, well, and septic infrastructure. Mature trees and the setting well off the main road provide physical separation from surrounding activity, while the site is positioned between Petaluma and Sebastopol. DA B6 10 zoning allows a range of potential uses, including agricultural-related businesses; buyers should independently confirm permitted uses and development options with the appropriate agencies. The upper portion of the parcel adds a distinct second level to the property configuration.
The property has its own water system, well, and septic infrastructure. Mature trees and the setting well off the main road provide physical separation from surrounding activity, while the site is positioned between Petaluma and Sebastopol. DA B6 10 zoning allows a range of potential uses, including agricultural-related businesses; buyers should independently confirm permitted uses and development options with the appropriate agencies. The upper portion of the parcel adds a distinct second level to the property configuration.
Key Highlights
- Approximately two private acres with a two‑level parcel configuration
- Substantial warehouse building with an approximately 1,000‑square‑foot portable office
- Approximately 20 paved parking spaces
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
$86,967
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
8.71%
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%
$1,739,340
$1.7M
Cap Rate 7%
$1,242,386
$1.2M
Cap Rate 9%
$966,300
$966.3K
Market Conditions
NOI Build-Up for 4,856 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
$110.1K $22.68/SF
− Vacancy
−$7.8K −$1.61/SF
EGI
$102.3K $21.07/SF
− OpEx
−$15.3K −$3.16/SF
NOI
$87.0K $17.91/SF
Area
Sonoma County, CA
Vacancy
7.10%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
15.00%
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%
$1,739,340
Cap Rate 7%
$1,242,386
Cap Rate 9%
$966,300
Alternative Uses
Best Use
Warehouse
$1.24M
$1.09M – $1.45M
NOI $86,967 @ 7.0% cap · market cap 8.71%
Second Best
Industrial
$1.02M
$895.3K – $1.19M
NOI $71,620 @ 7.0% cap · market cap 7.17%
Theoretical Best
Specialty Retail
$1.32M
$1.15M – $1.54M
NOI $92,111 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94952, CA
33,619
Population
14,794
Households
2.3
Avg Household Size
45
Median Age
47%
College-Educated
92%
High-School Grad
198.5 sq mi
ZIP Area
169
Density / Sq Mi
$115,097
Median Household Income
$56,650
Median Earnings
$2,272
Median Rent
$1,016,800
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 - Two-level commercial property with gated access, wooded surroundings, office improvements, and private water and septic systems.
Where is this flex space located?
The property is located at 6675 Petersen Rd Petaluma, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Approximately two private acres with a two‑level parcel configuration; Substantial warehouse building with an approximately 1,000‑square‑foot portable office; Approximately 20 paved parking spaces
