Two-Story Downtown Office
For Sale
$2,850,000
801 4th St, Santa Rosa, CA 95404
Two-story office building with ground-floor Columbia Bank lease and a vacant second floor plus an adjacent parking lot.
Property Size9,500 SF
Price / SF$300
Days on Market142
Property Features for 801 4th St
General Information
Standard status
Active
Size
9,500 SF
Total Parking Spaces
35
Property subtype
Office Vacant-User
Amenities
Ground floor fully leased to Columbia Bank through September 30, 2030, Two additional three-year extension options
Columbia Bank is a publicly traded regional financial institution and one of the largest banks in the Pacific Northwest
Entire second floor of approximately 4,450 SF is vacant , Potential to substantially increase NOI and value
35 on-site parking spaces, Rare amenity for a downtown Santa Rosa office building
Corner location on highly visible Fourth Street corridor
Building Details
Building Size
9,500 SF
Year Built
1957
Stories
2
Listing Agency:
San Francisco Office
(415) 963-3000
Listed By:
Erich Reichenbach · License #CA: 01860626
(415) 625-2146
Source:
Marcusmillichap
Added: Jun 3
Changed: Oct 21
Last Checked: Oct 20 at 5:17PM
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 San Francisco Office
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Investment Insights
Based on property information with market context.
801 4th Street is a two-story office building in Downtown Santa Rosa with approximately 9,500 square feet of space. The first floor is leased to Columbia Bank and includes multiple offices, while the entire second floor is currently vacant and configured with private offices, a conference room, bullpen area, a large kitchen, and elevator access.
The property is located at the corner of Fourth and E Streets, about two blocks from Courthouse Square. It also includes an adjacent parking lot of approximately 8,700 square feet with approximately 35 on-site spaces, supporting convenient customer or employee parking in the downtown core.
In addition to the existing ground-floor lease through September 30, 2030, the arrangement includes two additional three-year extension options. The second floor vacancy offers a straightforward leasing opportunity for an owner-occupant or office tenant seeking to consolidate operations within the building.
The property is located at the corner of Fourth and E Streets, about two blocks from Courthouse Square. It also includes an adjacent parking lot of approximately 8,700 square feet with approximately 35 on-site spaces, supporting convenient customer or employee parking in the downtown core.
In addition to the existing ground-floor lease through September 30, 2030, the arrangement includes two additional three-year extension options. The second floor vacancy offers a straightforward leasing opportunity for an owner-occupant or office tenant seeking to consolidate operations within the building.
Key Highlights
- Two‑story office building built in 1957 in Downtown Santa Rosa, with prominent corner location at Fourth and E Streets
- Approx. 9,500 SF total: approx. 5,050 SF first floor fully leased to Columbia Bank through September 30, 2030
- First‑floor lease includes two additional three‑year extension options that could extend occupancy through 2036
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,132
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,682,640
$2.7M
Cap Rate 7%
$1,916,171
$1.9M
Cap Rate 9%
$1,490,356
$1.5M
Market Conditions
NOI Build-Up for 9,500 SF
Gross rent
$210.9K $22.20/SF
− Vacancy
−$32.1K −$3.37/SF
EGI
$178.8K $18.83/SF
− OpEx
−$44.7K −$4.71/SF
NOI
$134.1K $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%
$2,682,640
Cap Rate 7%
$1,916,171
Cap Rate 9%
$1,490,356
Alternative Uses
Best Use
Office B
$1.92M
$1.68M – $2.24M
NOI $134,132 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.64M
$2.31M – $3.08M
NOI $184,757 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
5,021
Businesses Nearby
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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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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with ground-floor Columbia Bank lease and a vacant second floor plus an adjacent parking lot.
Where is this office building located?
The property is located at 801 4th St Santa Rosa, CA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Two‑story office building built in 1957 in Downtown Santa Rosa, with prominent corner location at Fourth and E Streets; Approx. 9,500 SF total: approx. 5,050 SF first floor fully leased to Columbia Bank through September 30, 2030; First‑floor lease includes two additional three‑year extension options that could extend occupancy through 2036
