| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 60th | Fair |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8043 Mitchell Dr, Rohnert Park, CA, 94928, US |
| Region / Metro | Rohnert Park |
| Year of Construction | 1991 |
| Units | 80 |
| Transaction Date | 1992-06-26 |
| Transaction Price | $6,000,000 |
| Buyer | SCARPA STEVEN J |
| Seller | --- |
8043 Mitchell Dr, Rohnert Park CA Multifamily Investment
Neighborhood fundamentals show high renter demand with occupancy near the top quartile nationally, according to WDSuite’s CRE market data. Elevated ownership costs in Sonoma County further support stable leasing conditions for well-located assets.
Rohnert Park’s Inner Suburb location offers balanced livability and investor-oriented fundamentals. Neighborhood occupancy is strong (ranked 27 of 138 in the Santa Rosa–Petaluma metro), placing it in the top quartile nationally and signaling durable demand drivers. The area’s renter concentration is also competitive (28 of 138; top-quartile nationally), indicating a deep tenant base for multifamily.
Amenity access is mixed. Restaurant and café density are competitive among metro neighborhoods (ranks 31 and 21 of 138), while parks, pharmacies, and dedicated childcare options are limited in the immediate neighborhood. Average school ratings trend above the metro median (rank 13 of 138; modestly above average nationally), which can aid family retention even if not a primary demand driver.
Home values are elevated relative to national norms (high national percentile), creating a high-cost ownership market that tends to sustain reliance on rentals. Rent-to-income levels in the neighborhood sit at more manageable levels compared with many coastal markets, supporting lease retention and reducing near-term pricing friction.
Within a 3-mile radius, demographics indicate a growing renter pool. Recent years show population and household growth with smaller average household sizes, expanding the tenant base for apartments. Forward-looking projections point to continued population and household increases, which should support occupancy stability and absorption. These dynamics, based on CRE market data from WDSuite’s multifamily property research, align with steady renter demand in the submarket.
Vintage context: the property’s 1991 construction is slightly newer than the neighborhood’s average vintage. That positioning can be competitively favorable versus older stock, though investors should plan for ongoing system updates and targeted modernization to meet current renter expectations.
Neighborhood safety indicators are competitive among Santa Rosa–Petaluma neighborhoods, with crime ranked 36 out of 138. Compared with areas nationwide, the neighborhood sits above the national middle on overall safety measures.
Trend signals are constructive: violent incidents are in a stronger national percentile and have declined year over year, while property incidents also show a modest downward trend. While localized conditions can vary block to block, the directional data suggests stability relative to the broader region.
The employment base spans logistics and diversified corporate services within commutable distance, which supports workforce housing demand and lease retention for nearby apartments. Key employers include FedEx, Ameriprise Financial, Wells Fargo, Salesforce, and Pfizer.
- FedEx Headquarters — logistics (14.3 miles)
- Ameriprise Financial — financial services (39.9 miles)
- Wells Fargo — banking (39.9 miles) — HQ
- Salesforce.com — software & cloud (40.0 miles) — HQ
- Pfizer — pharmaceuticals (40.1 miles)
This 80-unit asset built in 1991 is positioned in a neighborhood with strong occupancy and a deep renter base, supported by elevated home values that reinforce reliance on multifamily housing. Within a 3-mile radius, population and household growth—alongside modestly smaller household sizes—point to a larger tenant base and steady absorption potential over the medium term.
Competitive restaurant and café density, above-metro-median school ratings, and proximity to diversified employment nodes underpin renter demand. According to CRE market data from WDSuite, neighborhood occupancy trends rank among the metro’s stronger sub-areas while national safety and rent-to-income indicators support retention and leasing stability. The vintage suggests relative competitiveness versus older stock, with selective modernization likely to enhance performance.
- High neighborhood occupancy and deep renter concentration support leasing stability
- Elevated ownership costs in Sonoma County sustain multifamily demand and pricing power
- 1991 vintage offers competitive positioning with value-add potential through targeted updates
- 3-mile population and household growth expands the tenant base and supports absorption
- Risk: limited parks/pharmacies and longer commutes to some job centers may temper appeal for certain renters