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Property profile & analytics
FOR LEASE
Office buildings
5789 State Farm Dr Rohnert Park, CA 94928
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3177750
For Lease
1 / 2
$17,675,000
5789 State Farm Dr, Rohnert Park, CA 94928
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1997
Construction
STEEL FRAME
Total area
131,658 SF
Lot
8.25 ac (359,370 SF)
APN
143-021-077-000
UPID
US10-3177750
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.68M
Owner & transaction history
State Farm Drive LP · 19 yrs held
State Farm Drive LP
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rohnert Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rohnert Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$134 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$151,997
Tax year 2024
Assessed value
$13,250,000
Assessed 2024
Previous assessed
$13,250,000
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$4,250,000
Assessed improvement
$9,000,000
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1997
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
2
Total area
131,658 SF
Lot
8.25 ac (359,370 SF)
APN
143-021-077-000
UPID
US10-3177750
Jurisdiction
SONOMA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1997
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
2
Lot
8.25 ac
Current owner
From public records · entity-resolved
State Farm Drive LP
Entity
Mailing address
65 TREEHAVEN DR, SAN RAFAEL, CA 94901-1703
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2016
—
State Farm Drive LP
—
Deed
related
$4,043,177 · Presidio Bk
Jul 13, 2007
—
State Farm Drive LP
Estates At Rio Bravo LP
Grant Deed
$11,000,000 · Washington Mutual Bank
Oct 17, 2006
—
Estates At Rio Bravo LP
Gi Realty Trust 1997
Grant Deed
$2,500,000 · Wells Fargo Bank NA
Oct 30, 2001
—
Next Level Communications
—
Deed Of Trust
related
$2,000,000 · Kandy Investments LLC
Jul 2, 1997
$1,724,500
Gi Realty Trust
Western Business Park Assoc
Grant Deed
—
—
—
State Farm Drive LP
—
Deed Of Trust
related
$5,500,000 · J P Morgan Chase Bank
—
—
State Farm Drive LP
—
Loan Modification
related
$4,043,177 · Presidio Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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