| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 31st | Poor |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6800 Commerce Blvd, Rohnert Park, CA, 94928, US |
| Region / Metro | Rohnert Park |
| Year of Construction | 1973 |
| Units | 28 |
| Transaction Date | 2012-11-16 |
| Transaction Price | $3,600,000 |
| Buyer | DEANGELIS CONSTRUCTION INC |
| Seller | FOEHR ROBERT N |
6800 Commerce Blvd, Rohnert Park Multifamily Opportunity
Neighborhood occupancy has been resilient and renter demand is broad-based, according to WDSuite’s CRE market data, supporting stable operations for a 28‑unit asset in Sonoma County. These indicators reflect neighborhood conditions rather than the property itself.
Located in Rohnert Park’s Urban Core, the property sits in a neighborhood rated A- and ranked 26 out of 138 metro neighborhoods, indicating performance that is competitive among Santa Rosa–Petaluma submarkets. According to WDSuite’s CRE market data, neighborhood occupancy is strong relative to the metro and top quartile nationally, pointing to steady leasing conditions at the submarket level rather than at the asset.
Amenity density is a clear strength: grocery and pharmacy access rank near the top among 138 metro neighborhoods, and cafes and restaurants score in the top national percentiles. This concentration of daily-needs retail supports renter retention and convenience. Park access is limited at the neighborhood scale, which may modestly temper outdoor-recreation appeal, but the broader Sonoma County setting still offers regional open-space options.
The area’s housing stock skews newer than the subject’s 1973 vintage (neighborhood average construction year is 1984). For investors, the older vintage suggests planning for targeted capital improvements and potential value‑add to remain competitive against newer nearby properties. Average unit sizes around 855 square feet position the asset for practical, workforce-oriented layouts.
Tenure patterns indicate depth of renter demand: a high share of neighborhood housing units are renter‑occupied, supporting a broad tenant base and stable leasing pools. Within a 3‑mile radius, recent population growth and an increase in households signal a larger renter pool over time; forward projections also point to continued household gains, which can support occupancy stability and absorption. Elevated home values in the neighborhood relative to national norms point to a high-cost ownership market, reinforcing reliance on multifamily rentals and supporting pricing power, while rent levels and rent growth trends warrant proactive lease management to balance affordability pressure and retention.
Neighborhood safety metrics compare modestly favorably at the national level, with overall crime performance above the U.S. average. Within the metro, the neighborhood’s crime ranking sits in the middle range among 138 neighborhoods, suggesting conditions that are neither outlier-high nor outlier-low for the region.
Recent trends are mixed: estimated property offenses have declined notably year over year, while violent-offense estimates have risen. Investors should monitor these dynamics over time and consider standard operating practices—lighting, access controls, and community engagement—to support resident comfort and retention.
Regional employment anchors within commuting range include logistics and major corporate offices that help sustain renter demand and lease retention. Notable nearby employers include FedEx, Wells Fargo, Ameriprise Financial, Salesforce, and PG&E Corp.
- FedEx — logistics (12.8 miles)
- Wells Fargo — banking (41.5 miles) — HQ
- Ameriprise Financial — financial services (41.5 miles)
- Salesforce — software (41.6 miles) — HQ
- PG&E Corp. — utilities (41.7 miles) — HQ
This 28‑unit, 1973‑vintage asset benefits from a neighborhood with high occupancy, strong daily‑needs amenity access, and a renter‑heavy housing base—factors that historically support stable leasing and retention. According to CRE market data from WDSuite, neighborhood-level occupancy sits above metro norms and in the top quartile nationally, while the local ownership market is high-cost relative to national benchmarks, reinforcing renter reliance on multifamily housing.
The property’s older vintage creates a clear value‑add path: targeted renovations and system upgrades can improve competitive positioning against newer stock while maintaining practical unit sizes suitable for workforce renters. Within a 3‑mile radius, growth in population and households—along with forward projections for additional household gains—supports a larger tenant base over time. Key watch items include managing rent-to-income pressure, addressing limited park access at the neighborhood scale, and monitoring mixed safety trends.
- Strong neighborhood occupancy and renter concentration support demand depth
- Amenity-rich location (groceries, pharmacies, cafes) aids retention
- 1973 vintage offers value‑add potential through selective upgrades
- High-cost ownership context underpins sustained multifamily demand
- Risks: affordability pressure, limited park access, and mixed safety trends