Flex Space with
For Sale
$519,000
B11-1435 Technology Ln, Petaluma, CA 94954
Flexible commercial unit combining demised warehouse space, office areas, workshop functionality, and on-site parking.
Property Size1,670 SF
Price / SF$310.78
Days on Market98
Property Features for B11-1435 Technology Ln
General Information
Standard status
Active
Size
1,670 SF
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Clear Height
24 ft
Amenities
break area
bathrooms
central heat and A/C
attached garage/workshop
landscaping
Listing Agency:
Compass
3289766
Listed By:
Steven R. Cozza · License #01915699
3289766
Source:
Exprealty
Added: May 5
Changed: Aug 9
Last Checked: Aug 10 at 10:11AM
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 Compass
Investment Insights
Based on property information with market context.
This flex property combines approximately 1,670 square feet of office and warehouse space in a functional commercial layout. The warehouse is fully demised, includes 24-foot ceilings, a 12-foot by 14-foot roll-up door, an insulated ceiling, skylight, power panel, and separately metered utilities. The office component provides three defined work areas, while the suite also includes a break area with hot water, sink, water filtration, and counter space. Two bathrooms and central heat and air conditioning support daily operations. An attached garage and workshop add useful service and storage capacity.
The property occupies a corner location on a cul-de-sac within a professionally maintained business park with landscaping and automatic irrigation. Ample on-site parking is provided, and the site is located minutes from US 101, connecting the property with Petaluma and the greater North Bay.
The property occupies a corner location on a cul-de-sac within a professionally maintained business park with landscaping and automatic irrigation. Ample on-site parking is provided, and the site is located minutes from US 101, connecting the property with Petaluma and the greater North Bay.
Key Highlights
- Approximately 1,670 square feet of combined office and warehouse space
- Warehouse with 24' ceilings and a 12' x 14' roll‑up door
- Three distinct office work areas plus a dedicated break area
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
$29,908
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
5.76%
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%
$598,160
$598.2K
Cap Rate 7%
$427,257
$427.3K
Cap Rate 9%
$332,311
$332.3K
Market Conditions
NOI Build-Up for 1,670 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
$37.9K $22.68/SF
− Vacancy
−$2.7K −$1.61/SF
EGI
$35.2K $21.07/SF
− OpEx
−$5.3K −$3.16/SF
NOI
$29.9K $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%
$598,160
Cap Rate 7%
$427,257
Cap Rate 9%
$332,311
Alternative Uses
Best Use
Warehouse
$427.3K
$373.9K – $498.5K
NOI $29,908 @ 7.0% cap · market cap 5.76%
Second Best
Industrial
$351.9K
$307.9K – $410.5K
NOI $24,631 @ 7.0% cap · market cap 4.75%
Theoretical Best
Specialty Retail
$452.5K
$396.0K – $528.0K
NOI $31,677 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
24 ft
Clear height
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94954, CA
38,301
Population
15,147
Households
2.5
Avg Household Size
43
Median Age
37%
College-Educated
92%
High-School Grad
62.2 sq mi
ZIP Area
616
Density / Sq Mi
$107,564
Median Household Income
$58,362
Median Earnings
$2,405
Median Rent
$790,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Caffeine Inc. — 765 Baywood Dr Suite 145, Petaluma, CA 94954
- Apple Spice Box Lunch Delivery & Catering Petaluma, CA — 2000 Lakeville Hwy Suite F, Petaluma, CA 94954
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial unit combining demised warehouse space, office areas, workshop functionality, and on-site parking.
Where is this flex space located?
The property is located at B11-1435 Technology Ln Petaluma, CA.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Approximately 1,670 square feet of combined office and warehouse space; Warehouse with 24' ceilings and a 12' x 14' roll‑up door; Three distinct office work areas plus a dedicated break area
