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Property profile & analytics
OFF-MARKET
Estimated value
$14,675,000
Medical Office Space
5900 State Farm Dr, Rohnert Park, CA 94928-2149
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1672010
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1973
Construction
TILT-UP CONCRETE
Total area
67,584 SF
Lot
4.79 ac (208,652 SF)
APN
143-021-024-000
UPID
US09-1672010
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
$13.01M
Comparable Approach
Comparable
$11.12M
Blend (final)
Blend
$14.68M
Owner & transaction history
Nazareth Medical Building LLC · 10 yrs held
Nazareth Medical Building LLC
since 2015
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$14,095,000
6.5%
$13,010,000
7%
$12,080,000
Alternative Use
Use
Estimation
RETAIL STORES
$22,680,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$22,240,000
Change: -10% · Conversion: Easy
INDUSTRIAL (GENERAL)
$21,875,000
Change: -12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$21,360,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$14.68M
Range $13.21M – $16.14M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$217 / 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
$284,248
Tax year 2024
Assessed value
$24,952,595
Assessed 2024
Previous assessed
$24,952,595
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$6,383,221
Assessed improvement
$18,569,374
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1973
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
YES
Stories
2
Total area
67,584 SF
Lot
4.79 ac (208,652 SF)
APN
143-021-024-000
UPID
US09-1672010
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$22.7M
OFFICE BUILDING
Est. value
$22.2M
INDUSTRIAL (GENERAL)
Est. value
$21.9M
AUTO REPAIR, GARAGE
Est. value
$21.4M
RETAIL STORES
OFFICE BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
4.79 ac
Current owner
From public records · entity-resolved
Nazareth Medical Building LLC
Entity
Mailing address
800 S B ST STE #100, SAN MATEO, CA 94401-4272
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2022
—
Nazareth Medical Building LLC
—
Deed
related
$15,800,000 · Mechanics Bank
Jul 10, 2020
—
Nazareth Medical Building LLC
—
Deed
related
$1,500,000 · Bank Leumi USA
Jul 14, 2017
—
Nazareth Medical Building LLC
—
Grant Deed
related
$6,000,000 · California Real Prop Invs LP
Nov 2, 2015
$215,000
Nazareth Medical Building LLC
Mpvca Rohnert Park LLC
Grant Deed
$16,125,000 · Rabobank
Mar 11, 2014
$75,000
Mpvca Rohnert Park LLC
5900 State Farm Drive LLC
Grant Deed
$8,000,000 · Umpqua Bank
Feb 24, 2012
$3,500,000
5900 State Farm Drive LLC
Njl Fountaingrove LLC
Deed Of Trust
$57,000,000 · Pfp Holding Co II LLC
Jul 1, 1998
—
Njl Fountaingrove LP
Ids Life Insurance Co
Grant Deed
related
—
Jul 11, 1991
$6,950,000
Ids Life Insuran
Tomlin,michael D
Trustees Deed
related
—
—
—
Nazareth Medical Building LLC
—
Deed Of Trust
related
$1,500,000 · Bank Leumi USA
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.
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