| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 31st | Poor |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6920 Commerce Blvd, Rohnert Park, CA, 94928, US |
| Region / Metro | Rohnert Park |
| Year of Construction | 1977 |
| Units | 20 |
| Transaction Date | 2013-07-18 |
| Transaction Price | $3,700,000 |
| Buyer | AHA ENTERPRISES LLC |
| Seller | TOOR ENTERPRISES INCORPORATED |
6920 Commerce Blvd Rohnert Park Multifamily Opportunity
Neighborhood occupancy trends are in the upper-90s with a deep renter-occupied housing base, supporting stable tenancy according to WDSuite’s CRE market data.
Located in Rohnert Park within the Santa Rosa-Petaluma metro, the neighborhood posts strong utilization with occupancy competitive among 138 metro neighborhoods and in the top decile nationally. Renter-occupied housing accounts for a large share of units, indicating a deep tenant base that can support leasing velocity and retention for a 20-unit asset.
Daily-needs access is a clear strength: grocery, pharmacy, and café density ranks near the top of the metro and scores in the mid-to-high 90s nationally, which supports resident convenience and reduces turnover risk. Park acreage is limited in-neighborhood, which is a modest amenity gap investors should weigh against the area’s retail and service concentration.
Home values are elevated for the area (upper-80s national percentile) and the value-to-income ratio is high (low-90s national percentile). In investor terms, this is a high-cost ownership environment that tends to sustain rental demand and can bolster pricing power, while the neighborhood rent-to-income profile sits around the 30% mark—supportive for lease management and renewals.
Within a 3-mile radius, population and households have grown over the past five years, and are projected to expand further by 2028, pointing to a larger tenant base over time. Median and mean household incomes have also risen, reinforcing the capacity to absorb market rents. The property’s 1977 vintage is older than the neighborhood average (1984), which suggests targeted capital planning and potential value-add or modernization to sharpen competitive positioning against newer stock.
Safety metrics are mixed but broadly favorable in context. Overall crime levels are above the metro median among 138 neighborhoods and around the 60th percentile nationally, indicating comparatively better outcomes than many U.S. neighborhoods. Property offenses sit in the upper quartile nationally and have improved on a one-year basis, a constructive trend for resident experience and retention.
Violent offense indicators track slightly above the national median and have shown recent year volatility. Investors should monitor trend direction rather than single-year changes, comparing neighborhood performance to the broader Santa Rosa-Petaluma market over time.
Regional employment access includes logistics and diversified corporate offices that support renter demand through commute convenience. The list below highlights nearby employers most relevant to workforce stability for the area: FedEx, Wells Fargo, Ameriprise Financial, Salesforce, and Pfizer.
- FedEx — logistics & distribution (12.8 miles)
- Wells Fargo — financial services (41.4 miles) — HQ
- Ameriprise Financial — financial services (41.4 miles)
- Salesforce.com — software (41.6 miles) — HQ
- Pfizer — pharmaceuticals (41.7 miles)
This 20-unit, 1977-vintage asset is positioned in a neighborhood with sustained high occupancy and a deep renter-occupied housing base, supporting leasing stability. Elevated ownership costs in the area reinforce reliance on multifamily, while rent-to-income levels indicate manageable affordability pressure that can aid renewal outcomes. Household and population growth within 3 miles—coupled with rising incomes—points to a larger and more resilient renter pool over the next several years, based on commercial real estate analysis from WDSuite.
The vintage suggests potential value-add or system modernization opportunities to stay competitive against newer inventory, while dense daily-needs retail supports resident convenience and stickiness. Investors should balance these strengths against modest amenity gaps (limited park space) and the need to monitor crime trend direction over time.
- High neighborhood occupancy and deep renter-occupied base support stable tenancy
- Elevated ownership costs sustain rental demand and pricing power
- 3-mile population and household growth expand the tenant pipeline
- 1977 vintage offers value-add/modernization potential to enhance competitiveness
- Risks: limited park amenities and the need to monitor crime trend direction