Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1341 Redwood Way Petaluma, CA 94954-6544
    Property profile & analytics

    1341 Redwood Way, Petaluma, CA 94954-6544

    View on Map
    • Office Spaces
    • 3,208 SF
    • 0.08 lot acres
    Off-Market
    Last Sale Dec 16, 2021
    Property ID
    US09-2406164
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $765,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Telofarm / Agricultural Service
    • NSF International / Laboratory

    Property Details for 1341 Redwood Way

    Year built
    1989
    Construction
    TILT-UP CONCRETE
    Lot size
    0.08 lot acres
    Property type
    Office Spaces
    APN
    137-160-001-000
    APU
    137160001000

    Description

    This exceptional investment opportunity presents a 57,174 square foot, multi-tenant industrial property located at 1341-1359 Redwood Way, Petaluma, CA 94954. The property, built in 1988 and renovated in 2024, boasts a 7.21% cap rate and a strong NOI of $685,018. Currently 94% occupied by eight tenants across nine units, this Class B building offers a diverse tenant mix including showroom, industrial, office, and fitness uses. The property features one loading dock with six dock-high doors, ample parking (3.8 spaces per 1,000 sq ft), and is zoned PCD - Planned Community Development. Situated less than a quarter mile from US 101 and one mile from the new SMART Train station, the property benefits from excellent access to major transportation routes and a wealth of nearby amenities, including a hotel and extensive retail options. Recent improvements include a parking lot slurry seal and striping, and the single vacancy has been updated to current industrial standards. An existing condo map with ten condo units provides future flexibility for potential individual unit sales. The asking price is $9,500,000, translating to $166.16 per square foot. Rent bumps are in place. This stabilized investment offers a compelling combination of strong cash flow, convenient location, and future development potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $805,000
      6.5%
      $745,000
      7%
      $690,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Petaluma
    County
    Sonoma
    State
    California
    Longitude
    -122.666
    Latitude
    38.2759
    CBSA code
    42220
    CBSA name
    SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $6,196
    $163,844
    $399,374
    $563,218
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,005,000
      5,056 SF

      3820 Cypress Dr Ste, Unit 11

      CONDOMINIUM OFFICES
      3820 Cypress Dr Ste, Petaluma, CA 94954-6964
      View Details
    • Value Estimation by Request
      979 SF

      1436 Professional Dr

      Medical Office Space
      1436 Professional Dr, Petaluma, CA 94954
      View Details
    • Value Estimation by Request
      6,340 SF

      1353 Redwood Way

      CONDOMINIUM OFFICES
      1353 Redwood Way, Petaluma, CA 94954-1170
      View Details
    • Value Estimation
      $580,000
      2,000 SF

      737 Southpoint Blvd Ste D

      CONDOMINIUM OFFICES
      737 Southpoint Blvd Ste D, Petaluma, CA 94954-7462
      View Details
    • Value Estimation
      $920,000
      1,998 SF

      1580 Washington St, Unit 5

      CONDOMINIUM OFFICES
      1580 Washington St, Petaluma, CA 94954-3679
      View Details
    • Value Estimation by Request
      1,200 SF

      179 Lynch Crk Way

      CONDOMINIUM OFFICES
      179 Lynch Crk Way, Petaluma, CA 94954-2313
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,400 SF

      Medical Office Near Petaluma Hospital

      Turnkey medical office space near Petaluma Valley Hospital.
      167 Lynch Creek Way, Petaluma, CA 94954
      View Details
    • $5,300,000

      Petaluma Commercial Building for Sale

      Commercial building suitable for owner/user or investor with PUD zoning.
      719 Southpoint Blvd, Petaluma, CA 94954
      View Details
    • $2,725,000

      Petaluma Office Building Investment Opportunity

      Triple Net leased investment property anchored by a credit tenant.
      111 Lynch Creek Way, Petaluma, CA 94954
      View Details
    • Contact for pricing
      34,000 SF

      Petaluma Warehouse with Class A Office

      86,000 SF warehouse with 12,000 SF Class A office.
      1470 Cader Ln, Petaluma, CA 94954
      View Details
    • $315,000
      979 SF

      Versatile Professional Office Suite

      979 SF office suite suitable for medical or professional uses.
      1436 Professional Dr, Petaluma, CA 94954
      View Details
    • Contact for pricing
      1,360 SF

      Petaluma Office Space For Sale

      Office space available for purchase in Petaluma, California.
      1496 Professional Dr, Petaluma, CA 94954
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,335 SF

      Petaluma Office Suites Available

      Five Suites, 90-253 sq ft, Industrial Zoning
      963 Transport Way, Petaluma, CA 94954
      View Details
    • Contact for pricing
      7,562 SF

      Office Space Near Bird Sanctuary

      Office space for rent bordering a protected wetlands bird sanctuary.
      1736-1770 Corporate Cir, Petaluma, CA 94954
      View Details
    • Contact for pricing

      Office with Laboratory Space

      Office with laboratory space for lease in Sonoma County.
      1360 Redwood Way, Petaluma, CA 94954
      View Details
    • $1.50 SF/Yr

      Renovated Office Space in Petaluma

      High-quality, renovated office space with natural light and park access.
      1450 Technology Ln, Petaluma, CA 94954
      View Details
    • Contact for pricing
      2,894 SF

      Class A Office Building

      Premier office building with highway access and modern amenities.
      1385 N Mcdowell Blvd, Petaluma, CA 94954
      View Details
    • Contact for pricing
      1,108 SF

      Petaluma Marina Business Center Office

      Office space available within the Petaluma Marina Business Center.
      775 Baywood Dr, Petaluma, CA 94954
      View Details
    Request Owner's contact information
    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.
    1341 Redwood Way
    Petaluma, CA 94954-6544
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1341 Redwood Way, Petaluma, CA, 94954
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!