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    Historic Mixed-Use Mill in Petaluma Title is generated by Realmo AI

    6 Petaluma Blvd N, Petaluma, CA 94952

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    Unique historic building with modern amenities in thriving downtown Petaluma.

    Type:Office, Retail
    Added:
    Jan 31, 2024
    Days on Market:
    857
    Last Refresh:
    May 12 at 9:13 pm

    Property Features for 6 Petaluma Blvd N

    General Information

    Standard status
    Active
    Property subtype
    Office, Retail

    Spaces For Lease

    at 6 Petaluma Blvd N Contact us

    Suite B3 $2/Mo

    Size
    854 SF
    Type
    Office, Retail
    Spacious suite featuring wide open space, high ceilings and one private office. Suite...
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    Suite B5 $2/Mo

    Size
    1,290 SF
    Type
    Office
    2nd-story office suite with high open ceilings and original wood flooring. Currently...
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    SUITE A8 $2/Mo

    Size
    658 SF
    Type
    Office, Retail
    Charming office/retail suite, located on the first floor, with authentic brick wall...
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    Suite A2 $2/Mo

    Size
    2,240 SF
    Type
    Retail, Office
    Located on the 1st floor of the Petaluma Mill. Suite A2 has most recently been occupied...
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    Contact us

    We can help!

    Listing Contact
    Sara Wann

    Listing agent Sara Wann License #CA 01437146

    Listing office Keegan & Coppin Co. Petaluma

    Listing date Jan 31, 2024

    Source Crexi

    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. Petaluma

    HighLights

    • Located in the heart of historic downtown Petaluma.
    • Unique, historic building with modern conveniences like an elevator.
    • Thriving pedestrian‑oriented downtown location.
    • Mix of businesses (restaurants, retail, services, office) within the building.
    • Easily accessible to Highway 101.
    • Close to downtown events and festivals.

    Overview

    This unique, historic mixed-use property is located in the heart of downtown Petaluma at the intersection of Petaluma Boulevard and B Street. The Great Mill houses a mix of businesses, including restaurants, retail shops, service providers, and offices. The property offers modern conveniences such as an elevator. The downtown district is centered around the Petaluma River and features a mix of retail, residential, restaurants, and office spaces. The location benefits from a thriving pedestrian-oriented environment and is easily accessible to Highway 101. The area hosts special events such as the Butter & Egg Days Parade, Antique Fairs, Art & Garden Faire, Jazz Festivals, a Taste of Petaluma, Santa & Mrs. Claus Riverboat Arrival, and other holiday events.
    Property Profile Location Intelligence

    Current Use by Public Records

    GB Films Film Production Beau Soleil Hair ... Hair Salon WLG Construction Construction Company Wild Goat Bistro Restaurant Still Skincare Spa & Massage Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Petaluma
    County
    Sonoma
    State
    California
    Longitude
    -122.6396581
    Latitude
    38.2336855

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    FAQs

    What type of property is this?
    Mixed-use property - Unique historic building with modern amenities in thriving downtown Petaluma.
    Where is this mixed-use property located?
    The property is located at 6 Petaluma Blvd N Petaluma, CA.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: Located in the heart of historic downtown Petaluma.; Unique, historic building with modern conveniences like an elevator.; Thriving pedestrian‑oriented downtown location.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sara Wann
    Real Estate License ID: CA 01437146
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    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
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    6 Petaluma Blvd N, Petaluma, CA 94952
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