Office Suite with Glass
For Sale
Under Contract
$495,000
737 Southpoint Boulevard, Petaluma, CA 94954
SINGLE_FAMILY - Petaluma, CA
Property Size2,220 SF
Lot Size0.05 Acres
Price / SF$222.97
Days on Market34
Property Features for 737 Southpoint Boulevard
General Information
Property type
Residential
Property subtype
Office
Directions
From Hwy 101, take the N. McDowell Blvd exit in Petaluma. Turn right (South) on N. McDowell Blvd, then turn right (South) onto Southpoint Blvd. 737 Southpoint Blvd will be on your right within the Southpoint Business Park. Suite L is in the middle of the building.
Subdivision
Petaluma East
Standard status
Active Under Contract
APN
007401061000
Lot size
0.05 Acres
Building Details
Year built
1999
Floors in Building
1
Listing Agency:
Sterling California Properties
(707) 523-4300
Listed By:
Marshall Mello · License #01815138
(707) 396-2686
Added: Jul 10
Last Checked: Aug 12 at 9:06AM
MLS# 326039221
Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale office suite is designed for a professional day-to-day workflow and includes a glass-front entrance with large floor-to-ceiling windows. Inside, a reception area with a built-in desk and client waiting space sets the tone, and a wide, well-lit corridor with glass-paneled private offices creates a balance of openness and privacy. The suite includes six private offices, with one that can be used as a conference or meeting room, plus a dedicated technology and server room. Additional improvements include a break room with upper cabinetry, a dedicated storage room, and two private restrooms.
The property is located at 737 Southpoint Boulevard in Southpoint Business Park in East Petaluma. Access is provided via North McDowell Boulevard, and the remarks note proximity to Highway 101 for convenient travel for employees and clients.
This configuration suits organizations that need multiple private rooms for staff while maintaining a client-ready reception and waiting area. The included technology/server room and dedicated storage space can support businesses that require organized back-of-house functions alongside private work areas.
The property is located at 737 Southpoint Boulevard in Southpoint Business Park in East Petaluma. Access is provided via North McDowell Boulevard, and the remarks note proximity to Highway 101 for convenient travel for employees and clients.
This configuration suits organizations that need multiple private rooms for staff while maintaining a client-ready reception and waiting area. The included technology/server room and dedicated storage space can support businesses that require organized back-of-house functions alongside private work areas.
Key Highlights
- 2,220 SF office suite built in 1999 at 737 Southpoint Boulevard in Southpoint Business Park (East Petaluma).
- Glass‑front entrance and large floor‑to‑ceiling windows provide natural light throughout the suite.
- Reception area with built‑in reception desk plus a client waiting area.
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
$31,345
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
6.33%
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%
$626,900
$626.9K
Cap Rate 7%
$447,786
$447.8K
Cap Rate 9%
$348,278
$348.3K
Market Conditions
NOI Build-Up for 2,220 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
$49.3K $22.20/SF
− Vacancy
−$7.5K −$3.37/SF
EGI
$41.8K $18.83/SF
− OpEx
−$10.4K −$4.71/SF
NOI
$31.3K $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%
$626,900
Cap Rate 7%
$447,786
Cap Rate 9%
$348,278
Alternative Uses
Best Use
Office B
$447.8K
$391.8K – $522.4K
NOI $31,345 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$601.6K
$526.4K – $701.8K
NOI $42,110 @ 7.0% cap · market cap 8.51%
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
686
Businesses Nearby
Explore this area
Business Placement
Demographics for 94954, CA
38,301
Population
15,147
Households
2.5
Avg Household Size
43
Median Age
37%
College-Educated
92%
High-School Grad
62.2 sq mi
ZIP Area
616
Density / Sq Mi
$107,564
Median Household Income
$58,362
Median Earnings
$2,405
Median Rent
$790,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Well-appointed office suite features a glass-front reception, private offices, and tech/server space for client-facing teams.
Where is this office units located?
The property is located at 737 Southpoint Boulevard Petaluma, CA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 2,220 SF office suite built in 1999 at 737 Southpoint Boulevard in Southpoint Business Park (East Petaluma).; Glass‑front entrance and large floor‑to‑ceiling windows provide natural light throughout the suite.; Reception area with built‑in reception desk plus a client waiting area.
