Renovated Two-Suite Medical
New
For Sale
$890,000
7 Page #A, Cotati, CA 94931
Vacant stand-alone facility with adaptable layouts for healthcare and professional office users.
Property Size1,824 SF
Lot Size0.34 Acres
Price / SF$487.94
Days on Market5
Property Features for 7 Page #A
General Information
Standard status
Active
Size
1,824 SF
Total Parking Spaces
10
Lot size
0.34 Acres
Property subtype
Commercial
Additional Details
Highway Access
Yes
Office Units
2
Amenities
Central air
Central Cooling
Central Heating
Flat Roof
Building Details
Year Built
1970
Year Renovated
2019
Buildings
1
Owner Occupied
No
Listing Agency:
RE/MAX MARKETPLACE
2004727
Listed By:
DAVID L RENDINO · License #1252035
Source:
Corcoran
Added: Aug 25
Changed: Aug 28
Last Checked: Aug 28 at 8:05PM
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 RE/MAX MARKETPLACE
Investment Insights
Based on property information with market context.
This stand-alone medical office property contains approximately 1,824 square feet arranged as two separate suites of approximately 900 square feet each. Both suites include reception space, four to five private offices or exam rooms, two private half-baths, and an individual utility or work room. The building was extensively renovated in 2019 and is currently vacant, allowing a new owner to occupy the property without existing tenant constraints.
The 0.34-acre parcel provides 10 on-site parking spaces and convenient access to Highway 101. Located in Cotati, the property serves a central Sonoma County setting with nearby connections to Petaluma, Rohnert Park, Santa Rosa, and Sebastopol. The configuration supports occupancy of one suite while leasing the other, leasing both, or combining the suites for a larger practice, subject to buyer verification of permitted uses.
The 0.34-acre parcel provides 10 on-site parking spaces and convenient access to Highway 101. Located in Cotati, the property serves a central Sonoma County setting with nearby connections to Petaluma, Rohnert Park, Santa Rosa, and Sebastopol. The configuration supports occupancy of one suite while leasing the other, leasing both, or combining the suites for a larger practice, subject to buyer verification of permitted uses.
Key Highlights
- Approximately 1,824 SF medical office building on a 0.34‑acre parcel
- Two suites of approximately 900 SF each
- Each suite includes 4‑5 offices or exam rooms, reception, two private half‑baths, and a utility/work room
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
$25,753
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
2.89%
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%
$515,060
$515.1K
Cap Rate 7%
$367,900
$367.9K
Cap Rate 9%
$286,144
$286.1K
Market Conditions
NOI Build-Up for 1,824 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
$40.5K $22.20/SF
− Vacancy
−$6.2K −$3.37/SF
EGI
$34.3K $18.83/SF
− OpEx
−$8.6K −$4.71/SF
NOI
$25.8K $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%
$515,060
Cap Rate 7%
$367,900
Cap Rate 9%
$286,144
Alternative Uses
Best Use
Office B
$367.9K
$321.9K – $429.2K
NOI $25,753 @ 7.0% cap · market cap 2.89%
Second Best
Healthcare Medical
$326.1K
$285.3K – $380.4K
NOI $22,825 @ 7.0% cap · market cap 2.56%
Theoretical Best
Specialty Retail
$494.3K
$432.5K – $576.6K
NOI $34,598 @ 7.0% cap · market cap 3.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94931, CA
9,119
Population
4,244
Households
2.1
Avg Household Size
40
Median Age
39%
College-Educated
97%
High-School Grad
7.7 sq mi
ZIP Area
1,184
Density / Sq Mi
$103,105
Median Household Income
$59,605
Median Earnings
$1,780
Median Rent
$788,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Vacant stand-alone facility with adaptable layouts for healthcare and professional office users.
Where is this medical office space located?
The property is located at 7 Page #A Cotati, CA.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Approximately 1,824 SF medical office building on a 0.34‑acre parcel; Two suites of approximately 900 SF each; Each suite includes 4‑5 offices or exam rooms, reception, two private half‑baths, and a utility/work room
