| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 31st | Poor |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 333 Enterprise Dr, Rohnert Park, CA, 94928, US |
| Region / Metro | Rohnert Park |
| Year of Construction | 1978 |
| Units | 100 |
| Transaction Date | 2022-07-14 |
| Transaction Price | $62,500,000 |
| Buyer | TILDEN IDEAL JV I LLC |
| Seller | AMFP IV CREEKVIEW LLC |
333 Enterprise Dr, Rohnert Park Multifamily Investment Snapshot
Neighborhood fundamentals point to steady renter demand and high occupancy, according to WDSuite’s CRE market data. For investors, the area’s strong renter base and location conveniences support durable cash flow potential at the submarket level.
The property sits in an Urban Core neighborhood that rates A- among Santa Rosa–Petaluma areas, where neighborhood occupancy is in the top quartile metro-wide and has remained stable in recent years (neighborhood metric, not the property). A high share of housing units are renter-occupied, indicating a deep tenant base that typically supports leasing velocity and retention for multifamily assets.
Daily-needs access is a clear strength. Cafes, groceries, restaurants, and pharmacies register in the upper national percentiles, translating to convenient amenity coverage for residents and reinforcing the location’s livability. Park access is limited within the immediate neighborhood, so on-site open space and proximity to regional parks may matter for differentiation.
Within a 3-mile radius, population and household counts have grown and are projected to expand further through 2028, pointing to a larger renter pool over time. Household sizes are edging smaller while median incomes are rising, which can support occupancy stability and measured rent growth, provided operators manage renewal pricing and unit mix carefully.
Ownership costs are elevated for the region relative to incomes, a pattern that tends to sustain reliance on rental housing and can bolster pricing power for well-managed communities. At the same time, neighborhood rent-to-income levels trend more manageable than many coastal peers, which can aid lease retention and reduce turnover risk.
The building’s 1978 vintage is older than the neighborhood’s average construction era, suggesting potential value-add upside via interior updates and systems modernization. Investors should plan for capital reserves to address aging components while targeting improvements that sharpen the asset’s competitive position against newer stock.
Safety indicators are competitive versus national benchmarks, with the neighborhood performing above the U.S. average overall. Property offenses are in the top quartile nationally and have improved materially year over year, which supports resident retention and leasing stability. However, recent estimates indicate an uptick in violent offenses versus last year; investors should review multi-year trends and engage with local management to understand on-the-ground conditions and mitigation practices. Compared with the Santa Rosa–Petaluma metro, results are above the metro median, but performance varies by category and over time.
Regional employment access spans logistics and blue-chip corporate headquarters, supporting a diverse renter base and commute options for residents. The employers highlighted below reflect nearby anchors that can underpin steady tenant demand.
- FedEx Headquarters — logistics (12.8 miles)
- Wells Fargo — banking (41.4 miles) — HQ
- Salesforce.com — software (41.6 miles) — HQ
- PG&E Corp. — utilities (41.7 miles) — HQ
- McKesson — healthcare distribution (41.7 miles) — HQ
333 Enterprise Dr benefits from a high-renter, amenity-rich neighborhood where occupancy is consistently strong at the neighborhood level and daily-needs access ranks among the better locations in the metro. Elevated ownership costs in the area reinforce reliance on multifamily housing, while rent-to-income levels indicate room for disciplined pricing without unduly stressing retention. Based on CRE market data from WDSuite, these dynamics point to stable demand drivers for a well-operated asset.
The 1978 vintage is older than the neighborhood average, creating a practical path for value-add through interiors and building systems. With 100 units and an established renter base nearby, targeted renovations and operational execution could enhance competitiveness against newer supply, while acknowledging the need for thoughtful capital planning and attention to evolving safety and school-perception factors.
- High neighborhood occupancy and strong renter concentration support leasing stability (neighborhood metrics).
- Amenity-dense location (food, grocery, pharmacy) enhances livability and retention.
- Elevated ownership costs sustain rental demand; rent-to-income trends support disciplined pricing.
- 1978 vintage offers value-add potential via interior and systems upgrades; plan reserves for aging components.
- Risks: limited park access, mixed school ratings, and recent volatility in violent offense trends warrant active management.