Industrial Property with
For Sale
Contact for pricing
Pending
3005 Wiljan Ct, Santa Rosa, CA 95407
27,827 SF industrial property with cash-flow and vacancy.
Property Size27,827 SF
Lot Size1.28 Acres
Days on Market795
Property Features for 3005 Wiljan Ct
General Information
Standard status
Pending
Size
27,827 SF
Lot size
1.28 Acres
Property subtype
Industrial
Occupancy
60%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$566,850
Building Details
Year Built
1994
Buildings
1
Units
5
Tenancy
Multi
Listing Agency:
WeCannCa, Inc
Listed By:
Jason Piazza · License #CA 01405965
Source:
Crexi
Added: Jun 27, 2024
Changed: Aug 22
Last Checked: Aug 29 at 11:29AM
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 WeCannCa, Inc
Investment Insights
Based on property information with market context.
This 27,827 SF industrial property offers both cash-flow and vacancy, presenting an opportunity for increased investment or owner occupancy. The property is situated on a 1.28-acre lot and includes multiple units and over 50 parking spaces. It features 18’ clear height and five roll-up doors. A vacant unit of 11,527 SF is available for immediate occupancy. The property includes a 4,327 SF retail showroom/office/workshop space, a 4,370 SF warehouse space with a 20' clear height, and a 2,830 SF mezzanine level. The building is equipped with four restrooms (two office, two warehouse). The zoning allows for multiple uses including cannabis operations (distribution/manufacturing/retail), fitness facilities, light manufacturing, and warehousing & distribution. It also offers a lease-to-own opportunity with a 24-month purchase option where 100% of lease payments are applied to the purchase price. The property has 1,000 AMPs, buyer to verify.
Key Highlights
- High current CAP Rate of 10.6% with 3% annual increases, and a Proforma CAP Rate of 13.18% or higher.
- 11,527 SF vacant unit available for immediate occupancy**, ideal for owner/user or lease‑to‑own.
- Unique lease‑to‑own opportunity with 100% of lease payments applied to the purchase price within 24 months.**
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
$293,041
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
4.69%
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%
$5,860,820
$5.9M
Cap Rate 7%
$4,186,300
$4.2M
Cap Rate 9%
$3,256,011
$3.3M
Market Conditions
NOI Build-Up for 27,827 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
$437.4K $15.72/SF
− Vacancy
−$18.8K −$0.68/SF
EGI
$418.6K $15.04/SF
− OpEx
−$125.6K −$4.51/SF
NOI
$293.0K $10.53/SF
Area
Santa Rosa, CA
Vacancy
4.30%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
30.00%
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%
$5,860,820
Cap Rate 7%
$4,186,300
Cap Rate 9%
$3,256,011
Alternative Uses
Best Use
Industrial
$4.19M
$3.66M – $4.88M
NOI $293,041 @ 7.0% cap · market cap 4.69%
Second Best
Flex RnD
$4.12M
$3.61M – $4.81M
NOI $288,677 @ 7.0% cap · market cap 4.62%
Theoretical Best
Multifamily LT 5
$7.73M
$6.76M – $9.02M
NOI $541,182 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
632
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95407, CA
42,504
Population
13,371
Households
3.2
Avg Household Size
34
Median Age
17%
College-Educated
73%
High-School Grad
21.6 sq mi
ZIP Area
1,968
Density / Sq Mi
$82,807
Median Household Income
$40,907
Median Earnings
$1,822
Median Rent
$603,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - 27,827 SF industrial property with cash-flow and vacancy.
Where is this flex space located?
The property is located at 3005 Wiljan Ct Santa Rosa, CA.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: High current CAP Rate of 10.6% with 3% annual increases, and a Proforma CAP Rate of 13.18% or higher.; 11,527 SF vacant unit available for immediate occupancy**, ideal for owner/user or lease‑to‑own.; Unique lease‑to‑own opportunity with 100% of lease payments applied to the purchase price within 24 months.**
