Petaluma Warehouse For
For Sale
Contact for pricing
Pending
2220 Pine View Way, Petaluma, CA 94952
25,795 square foot warehouse property available for purchase.
Property Size25,795 SF
Days on Market1346
Property Features for 2220 Pine View Way
General Information
Standard status
Pending
Size
25,795 SF
Total Parking Spaces
33
Property subtype
Industrial
Building Details
Year Built
1988
Listing Agency:
Cushman & Wakefield - Larkspur, California
(415) 451-2434
Listed By:
Trevor Buck · License #CA 01255462
Source:
Crexi
Added: Dec 16, 2022
Changed: Aug 23
Last Checked: Aug 22 at 10:40AM
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 Cushman & Wakefield - Larkspur, California
Investment Insights
Based on property information with market context.
This commercial real estate property, categorized as a warehouse and industrial property, is available for sale. The property offers a total size of 25,795 square feet.
Key Highlights
- For sale
- Year Built: 1988
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
$461,969
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
7.79%
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%
$9,239,380
$9.2M
Cap Rate 7%
$6,599,557
$6.6M
Cap Rate 9%
$5,132,989
$5.1M
Market Conditions
NOI Build-Up for 25,795 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
$585.0K $22.68/SF
− Vacancy
−$41.5K −$1.61/SF
EGI
$543.5K $21.07/SF
− OpEx
−$81.5K −$3.16/SF
NOI
$462.0K $17.91/SF
Area
Sonoma County, CA
Vacancy
7.10%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
15.00%
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%
$9,239,380
Cap Rate 7%
$6,599,557
Cap Rate 9%
$5,132,989
Alternative Uses
Best Use
Warehouse
$6.60M
$5.77M – $7.70M
NOI $461,969 @ 7.0% cap · market cap 7.79%
Second Best
Industrial
$5.43M
$4.76M – $6.34M
NOI $380,445 @ 7.0% cap · market cap 6.41%
Theoretical Best
Specialty Retail
$6.99M
$6.12M – $8.15M
NOI $489,290 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94952, CA
33,619
Population
14,794
Households
2.3
Avg Household Size
45
Median Age
47%
College-Educated
92%
High-School Grad
198.5 sq mi
ZIP Area
169
Density / Sq Mi
$115,097
Median Household Income
$56,650
Median Earnings
$2,272
Median Rent
$1,016,800
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- North American Van Lines — 2214 S McDowell Blvd Ext Suite 100, Petaluma, CA 94954
Frequently Asked Questions
What type of property is this?
Warehouse - 25,795 square foot warehouse property available for purchase.
Where is this warehouse located?
The property is located at 2220 Pine View Way Petaluma, CA.
What is the asking price?
The asking price for this property is $5,932,850.
What are key features of this property?
This property features: For sale; Year Built: 1988
