Cold Storage Warehouse Distribution
5980 State Farm Dr Rohnert Park, CA 94928
5980 State Farm Dr, Rohnert Park, CA, 94928
Contact for pricing
For Sale
Contact for pricing
Cold storage warehouse on 3.02 acres with development potential.
Property Size21,773 SF
Lot Size3.02 Acres
Price / SF$252.61
Days on Market1321
Property Features for 5980 State Farm Dr
General Information
- Standard status
- Active
- Size
- 21,773 SF
- Lot size
- 3.02 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1997
Listing Agency
North Bay Commercial Real Estate
(707) 521-3500
Listed by
Dale Dockins · License #CA BR555128000
Source
Crexi
Added: Dec 7, 2022 Checked: Jul 17 at 12:08 pm
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 North Bay Commercial Real Estate
Investment Insights
Based on property information with market context.
This commercial property features a heavily developed cold storage warehouse distribution facility situated on a 3.02-acre parcel, offering excess land for additional development. The warehouse includes a 3,972-square-foot dry storage room, a 1,384-square-foot cooler, and a 6,255-square-foot freezer. It is equipped with eight dock-high roll-up doors and one drive-in roll-up door. The building has 1200 amp 277v 3-phase power. Additionally, the warehouse incorporates 1,500 square feet of office space complete with a full kitchen. The building is currently occupied by Buchanan Food Service, and the business is also for sale.
Key Highlights
- Heavily developed cold storage warehouse distribution facility.
- ±3.02 acre parcel offering excess land for additional development.
- Includes ±3,972 SF Dry Storage, ±1,384 SF cooler, and ±6,255 SF Freezer.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $493.8k | $22.68 |
| − Vacancy | −$35.1k | −$1.61 |
| EGI | $458.8k | $21.07 |
| − OpEx | −$68.8k | −$3.16 |
| NOI | $389.9k | $17.91 |
21,773 SF · lease $22.68/SF/yr · vacancy 7.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$5.57M
$4.87M – $6.50M
NOI $389,938 @ 7.0% cap · market cap 7.09%
Second Best
Industrial
$4.59M
$4.01M – $5.35M
NOI $321,126 @ 7.0% cap · market cap 5.84%
Theoretical Best
Specialty Retail
$5.90M
$5.16M – $6.88M
NOI $412,999 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
Similar Off Market Nearby
- U Store It — 6635 redwood dr, rohnert park, ca 94928
- Extra Space Storage — 6635 Redwood Dr, Rohnert Park, CA 94928
- Central Self Storage — 6100 State Farm Dr, Rohnert Park, CA 94928
- Sausalito Moving & Storage — 5650 state farm dr, rohnert park, ca 94928
- Expressway Self Storage — 6001 Commerce Blvd, Rohnert Park, CA 94928
FAQs
What type of property is this?
Warehouse - Cold storage warehouse on 3.02 acres with development potential.
Where is this warehouse located?
The property is located at 5980 State Farm Dr Rohnert Park, CA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Heavily developed cold storage warehouse distribution facility.; ±3.02 acre parcel offering excess land for additional development.; Includes ±3,972 SF Dry Storage, ±1,384 SF cooler, and **±6,255 SF Freezer**.
