Medical Office Property with Dental
For Sale
$1,750,000
864 2nd St, Santa Rosa, CA 95404
Two-building medical property with dedicated parking, retained co-tenants, and space suited to owner occupancy or expansion.
Property Size6,184 SF
Lot Size0.86 Acres
Price / SF$282.99
Days on Market48
Property Features for 864 2nd St
General Information
Standard status
Active
Size
6,184 SF
Lot size
0.86 Acres
Property subtype
Office Medical
Occupancy
33%
Amenities
existing dental plumbing
Ideal Dentist Owner-User or Value Add Opportunity
Ample Onsite Parking
Medical Office Investment Opportunity
Building Details
Building Size
6,184 SF
Year Built
1978
Buildings
2
Tenancy
Multi
Listing Agency:
Marcus & Millichap - San Francisco
Listed By:
Quentin Caruso · License #License(s): CA: 02074286
(415) 625-2180
Source:
Marcusmillichap
Added: Aug 21
Changed: Oct 3
Last Checked: Oct 5 at 2:59PM
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 Marcus & Millichap - San Francisco
Investment Insights
Based on property information with market context.
This medical office property in Santa Rosa includes two buildings and dedicated parking for each. The approximately 2,100-square-foot main building is expected to become available at closing and includes existing dental plumbing, supporting continued medical or dental use. Constructed in 1978, the building is described as being in excellent condition.
An approximately 4,000-square-foot second building is occupied by two co-tenants who are expected to remain, providing ongoing rental income. The additional structure can also serve as expansion space, while the main building offers room for an owner-user operation. The property is located at 864 2nd St in Santa Rosa, California.
An approximately 4,000-square-foot second building is occupied by two co-tenants who are expected to remain, providing ongoing rental income. The additional structure can also serve as expansion space, while the main building offers room for an owner-user operation. The property is located at 864 2nd St in Santa Rosa, California.
Key Highlights
- Approximately 2,100 SF main medical office building expected to be available upon sale
- Existing dental plumbing supports dental or medical office use
- Approximately 4,000 SF second building with two co‑tenants expected to remain
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,313
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,746,260
$1.7M
Cap Rate 7%
$1,247,329
$1.2M
Cap Rate 9%
$970,144
$970.1K
Market Conditions
NOI Build-Up for 6,184 SF
Gross rent
$137.3K $22.20/SF
− Vacancy
−$20.9K −$3.37/SF
EGI
$116.4K $18.83/SF
− OpEx
−$29.1K −$4.71/SF
NOI
$87.3K $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%
$1,746,260
Cap Rate 7%
$1,247,329
Cap Rate 9%
$970,144
Alternative Uses
Best Use
Office B
$1.25M
$1.09M – $1.46M
NOI $87,313 @ 7.0% cap · market cap 4.99%
Second Best
Healthcare Medical
$1.18M
$1.03M – $1.38M
NOI $82,787 @ 7.0% cap · market cap 4.73%
Theoretical Best
Multifamily LT 5
$1.72M
$1.50M – $2.00M
NOI $120,267 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,042
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-building medical property with dedicated parking, retained co-tenants, and space suited to owner occupancy or expansion.
Where is this medical office space located?
The property is located at 864 2nd St Santa Rosa, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Approximately 2,100 SF main medical office building expected to be available upon sale; Existing dental plumbing supports dental or medical office use; Approximately 4,000 SF second building with two co‑tenants expected to remain
