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418 Aviation Blvd

$1,970,000

418 Aviation Boulevard, Larkfield-Wikiup, CA 95403

Active
Last Updated: 02/04/2026

7.2

Cap Rate

140,802

NOI

Details:
Cap Rate:    7.2%
NOI:    $140,802
Pro Forma Cap Rate :    16.9%
Building Size:    6,592 sqft
Lot Area:    0.1 acres
Occupancy:    85%
Class:    B
Lease Type:    Triple Net
Year Built:    1991
Price Per Sqft:    $299
Tenancy:    Multiple
Floors:    2
Highlights:
  • Premier Office & Medical Opportunity: Class A/B office building totaling approximately 6,592 SF with multiple spaces available for lease or sale opportunity, ideal for professional services, medical, dental, or general office users.
  • Strategic Location in Airport Business Center: Situated in the Outer Santa Rosa / Mark West submarket, offering proximity to Charles M. Schulz-Sonoma County Airport, local amenities, and strong business traffic.
  • Attractive Setting & Amenities: Professional garden setting with oak grove landscaping, outdoor picnic areas, and pleasant views of lush grounds and scenic water features.
  • Parking & Accessibility: Surface parking with a ratio of approximately 6 spaces per 1,000 SF, supporting tenant and visitor convenience.
  • Built for Long-Term Success: Constructed in 1991, this well-maintained office property is positioned for continued occupancy and operational stability, with potential for future ownership value enhancement.
Description:

This property is a ±6,592 SF multi-tenant office/medical building on ±0.10 acres, strategically located in the Airport Business Center within the Santa Rosa submarket. This well-positioned asset offers both stabilized income and significant lease-up potential, with current occupancy at 85% with ~1,500 sf available. Built in 1991, the property features flexible suite configurations, a strong parking ratio of 6.0/1,000 SF, and a professional environment suitable for a wide range of tenants. Recent leasing activity in the submarket supports competitive asking rents of $24.60–$36.00/SF MG, creating value-add opportunities for investors or a potential owner-user.

Map:
Documents:
Title
418_Aviation_Blvd_Flyer.pdf
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