Commercial Cannabis Facility
For Sale
Contact for pricing
3192 Juniper Ave, Santa Rosa, CA 95407
Permitted cannabis manufacturing, cultivation, nursery, and distribution facility.
Property Size25,410 SF
Price / SF$196.77
Days on Market842
Property Features for 3192 Juniper Ave
General Information
Standard status
Active
Size
25,410 SF
Total Parking Spaces
31
Property subtype
Industrial
Zoning
IG - General Industrial
Listing Agency:
Keegan & Coppin Co. Santa Rosa
Listed By:
Kevin Doran · License #CA 01704987
(707) 889-3577
Source:
Crexi
Added: May 15, 2024
Changed: Aug 28
Last Checked: Sep 1 at 8:57PM
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 Keegan & Coppin Co. Santa Rosa
Investment Insights
Based on property information with market context.
The property at 3192 Juniper Avenue is a commercial cannabis facility with a conditional use permit. The permit allows for cannabis manufacturing Level 1 (Non-volatile) (Type 6) and Level 2 (Volatile) (Type 7), indoor cannabis cultivation and nursery of 20,500 square feet (Type 2a and Type 4), and cannabis distribution (Type 11) uses. The property size is 25,410 square feet. The facility includes extraction, refrigeration, dry storage, and a commercial kitchen.
Key Highlights
- Major Conditional Use Permit for Commercial Cannabis Facilities.
- Allows Cannabis Manufacturing: Level 1 (Non‑volatile) (Type 6) and Level 2 (Volatile) (Type 7).
- Indoor Cannabis Cultivation and Nursery: 20,500 Sq. Ft. (Type 2a and Type 4).
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
$267,588
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
5.35%
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%
$5,351,760
$5.4M
Cap Rate 7%
$3,822,686
$3.8M
Cap Rate 9%
$2,973,200
$3.0M
Market Conditions
NOI Build-Up for 25,410 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
$399.4K $15.72/SF
− Vacancy
−$17.2K −$0.68/SF
EGI
$382.3K $15.04/SF
− OpEx
−$114.7K −$4.51/SF
NOI
$267.6K $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%
$5,351,760
Cap Rate 7%
$3,822,686
Cap Rate 9%
$2,973,200
Alternative Uses
Best Use
Industrial
$3.82M
$3.34M – $4.46M
NOI $267,588 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$7.06M
$6.18M – $8.24M
NOI $494,176 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Cannabis property - Permitted cannabis manufacturing, cultivation, nursery, and distribution facility.
Where is this cannabis property located?
The property is located at 3192 Juniper Ave Santa Rosa, CA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Major Conditional Use Permit for Commercial Cannabis Facilities.; Allows Cannabis Manufacturing: Level 1 (Non‑volatile) (Type 6) and Level 2 (Volatile) (Type 7).; Indoor Cannabis Cultivation and Nursery: **20,500 Sq. Ft.** (Type 2a and Type 4).
