Single-Tenant Office
For Sale
Contact for pricing
879 2nd St, Santa Rosa, CA 95404
Single-tenant office property near Santa Rosa Memorial Hospital with established occupancy and medical, residential, and downtown surroundings.
Property Size4,266 SF
Price / SF$281.48
Days on Market73
Property Features for 879 2nd St
General Information
Standard status
Active
Size
4,266 SF
Property subtype
OFFICE
Building Details
Tenancy
Single
Owner Occupied
No
Listing Agency:
CP Partners
(415) 274-2700
Listed By:
John Andreini · License #01440360
(415) 274-2715
Source:
Moodyscre
Added: Aug 11
Changed: Oct 7
Last Checked: Oct 21 at 12:07AM
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 CP Partners
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Investment Insights
Based on property information with market context.
This 4,266-square-foot office building is configured for single-tenant occupancy and is leased to Omnicare of Santa Rosa. The tenant has remained in place since October 2013 and has completed two lease extensions, providing a documented history of continued occupancy.
The property is located near Santa Rosa Memorial Hospital in Santa Rosa, with medical, residential, and downtown activity surrounding the site. Santa Rosa serves as a regional center for healthcare, employment, retail, and professional services within Sonoma County.
The property is located near Santa Rosa Memorial Hospital in Santa Rosa, with medical, residential, and downtown activity surrounding the site. Santa Rosa serves as a regional center for healthcare, employment, retail, and professional services within Sonoma County.
Key Highlights
- 4,266‑square‑foot single‑tenant office building
- Tenant occupancy dates to October 2013
- Two lease extensions have been completed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,233
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,204,660
$1.2M
Cap Rate 7%
$860,471
$860.5K
Cap Rate 9%
$669,256
$669.3K
Market Conditions
NOI Build-Up for 4,266 SF
Gross rent
$94.7K $22.20/SF
− Vacancy
−$14.4K −$3.37/SF
EGI
$80.3K $18.83/SF
− OpEx
−$20.1K −$4.71/SF
NOI
$60.2K $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%
$1,204,660
Cap Rate 7%
$860,471
Cap Rate 9%
$669,256
Alternative Uses
Best Use
Office B
$860.5K
$752.9K – $1.00M
NOI $60,233 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.19M
$1.04M – $1.38M
NOI $82,966 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,042
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Single-tenant office property near Santa Rosa Memorial Hospital with established occupancy and medical, residential, and downtown surroundings.
Where is this office building located?
The property is located at 879 2nd St Santa Rosa, CA.
What is the asking price?
The asking price for this property is $1,200,800.
What are key features of this property?
This property features: 4,266‑square‑foot single‑tenant office building; Tenant occupancy dates to October 2013; Two lease extensions have been completed
