2321-2329 Circadian Way Santa Rosa, CA 95407
Mixed-use property with existing tenant and expansion potential.
Property Features for 2321-2329 Circadian Way
General Information
- Standard status
- Active
- Size
- 54,529 SF
- Property subtype
- Office, Industrial
Building Details
- Year Built
- 1997
Listing office Newmark - San Rafael
Listing date Jul 25, 2023
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- ±42,319 sf building ideal for owner‑occupancy with income potential.
- Existing tenant leases ±12,210 sf until April 2026, offering immediate income.
- Located in Northpoint Business Park near Kaiser Permanente, Sonic, and the Veteran Administration.
Local Financial Insights For Office B
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 | $1.21M | $22.20 |
| − Vacancy | −$184.0k | −$3.37 |
| EGI | $1.03M | $18.83 |
| − OpEx | −$256.6k | −$4.71 |
| NOI | $769.9k | $14.12 |
