Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2321-2329 Circadian Way Santa Rosa, CA 95407

    Sponsored
    For Sale
    $13,632,000

    High-cube warehouse, excellent location, strong NOI.

    Property size:
    12,210 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    This exceptional investment opportunity presents a fully leased Class A industrial warehouse located within the prestigious Northpoint Business Park in Santa Rosa, CA. The property, encompassing 54,529 net rentable square feet, is situated on a 137,300 square foot lot and features a single-story, 12,210 - 42,319 square foot building constructed in 1997. The property boasts 4 loading docks, 4 dock-high doors, and a generous 25-foot ceiling height, ideal for various industrial uses. Ample parking is provided with 157 spaces. Currently housing two tenants under a Net Lease agreement with a corporate guarantee, the property offers a strong Net Operating Income (NOI) of $687,060. The lease terms include rent bumps and one lease expires April 1, 2024, with a new lease commencing May 2023. The property is zoned for Business Park use and benefits from excellent truck access. The building features private offices and workspace in the front for both tenants. This offering presents a rare chance to acquire a well-maintained, high-performing industrial asset in a prime location, with a purchase price of $13,632,000 ($250 per square foot). The property's construction includes a concrete tilt-up exterior, a 5-inch concrete slab, and a built-up roof. Utilities are provided by PG&E, with city water and sewer services. HVAC is installed in the office areas of both tenant spaces. This is a 1031 exchange eligible property.

    Property Features for 2321-2329 Circadian Way

    General Information

    Property type
    Distribution properties
    Square Feet
    12,210 SF
    Class
    A

    Building Details

    Year Built
    1997
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • $13,632,000 purchase price ($250 per square foot).
    • 137,300 square foot land area.
    • Built in 1997.
    • Business Park zoning.
    • 157 parking spaces.
    • Concrete tilt‑up construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Rosa
    County
    Sonoma
    State
    California
    Longitude
    -122.7550374
    Latitude
    38.4219585

    Nearby Similar for Sale

    • $2,600,000
      4,592 SF

      Santa Rosa Automotive/Retail Opportunity

      Auto sales/smog shop on corner lot with high traffic visibility.
      3110 Santa Rosa Ave, Santa Rosa, CA 95407
      View Details
    • $729,000
      3,333 SF

      Santa Rosa Office Building For Sale

      Prime location office building near downtown Santa Rosa.
      451 College Ave, Santa Rosa, CA 95401
      View Details
    • $879,000
      2,420 SF

      Santa Rosa Professional Office Building

      Two-story office building with versatile space and modern functionality.
      700 College Ave, Santa Rosa, CA 95404
      View Details
    • New
      $4,250,000
      14,525 SF

      Versatile Mixed-Use Building in Railroad Square

      Mixed-use building in downtown Santa Rosa with retail, office, storage.
      145 3Rd St, Santa Rosa, CA 95401
      View Details
    • $899,000
      1,989 SF

      Santa Rosa Triplex with Yard

      Triplex in Santa Rosa with fenced yards and stable tenants.
      487 Hearn Ave, Santa Rosa, CA 95407
      View Details
    • $5,575,000
      10,825 SF

      Santa Rosa Investment Portfolio

      Seven single-family homes in Sonoma County Wine Country.
      2010 Ravello Way, Santa Rosa, CA 95403
      View Details
    • $410,000
      0.03 Acres

      Santa Rosa Commercial Condo For Sale

      Commercial condo in north Santa Rosa with flexible business uses.
      1820 Empire Industrial Ct, Santa Rosa, CA 95403
      View Details
    • New
      $1,100,000
      3,259 SF

      Rincon Valley Duplex Investment Opportunity

      Secluded duplex in Rincon Valley offering immediate income stability.
      1830 Mission Blvd, Santa Rosa, CA 95409
      View Details
    • $4,100,000

      Mendocino County Ranch Property

      Large tract of land with developed infrastructure in Mendocino County.
      4207 Coffey Ln, Santa Rosa, CA 95403
      View Details
    • $4,100,000

      Mendocino County Ranch Property

      Large tract of land with developed infrastructure.
      3964 Coffey Ln, Santa Rosa, CA 95403
      View Details
    • $650,000
      707 SF

      High-Visibility Mixed-Use Property For Sale

      Mixed-use property with high visibility and flexible commercial/residential zoning.
      1852 Santa Rosa Ave, Santa Rosa, CA 95404
      View Details
    • $4,950,000
      26,336 SF

      Santa Rosa Office Building Opportunity

      Centrally located, remodeled office building with owner-user potential.
      1330 N Dutton Ave, Santa Rosa, CA 95401
      View Details

    FAQs

    What type of property is this?
    Distribution property - High-cube warehouse, excellent location, strong NOI.
    Where is this distribution property located?
    The property is located at 2321-2329 Circadian Way Santa Rosa, CA.
    What is the asking price?
    The asking price for this property is $13,632,000.
    What are key features of this property?
    This property features: $13,632,000 purchase price ($250 per square foot).; 137,300 square foot land area.; Built in 1997.
    Request Owner's contact information
    2321-2329 Circadian Way Santa Rosa, CA 95407
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2321-2329 Circadian Way
    Santa Rosa, CA 95407
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2321-2329 Circadian Way Santa Rosa, CA 95407
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.