| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 75th | Good |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8288 Lancaster Dr, Rohnert Park, CA, 94928, US |
| Region / Metro | Rohnert Park |
| Year of Construction | 1973 |
| Units | 106 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8288 Lancaster Drive Rohnert Park Multifamily Investment
This 106-unit property built in 1973 sits in a neighborhood ranking in the top 15% of 138 metro neighborhoods with 96.3% occupancy rates and strong rental demand fundamentals, according to CRE market data from WDSuite.
The property is located in an Inner Suburb neighborhood that ranks 20th among 138 Santa Rosa-Petaluma metro neighborhoods, earning an 'A' rating with strong fundamentals across housing, demographics, and amenities. The area demonstrates solid rental market conditions with 96.3% neighborhood-level occupancy rates and median contract rents of $1,859, positioning above the 89th national percentile for rental pricing.
Built in 1973, this property predates the neighborhood's 1983 average construction year, presenting potential value-add opportunities through strategic renovations and unit upgrades. The local housing market shows 35.8% of units are renter-occupied, creating a substantial tenant base within a 3-mile radius of over 54,000 residents. Demographic projections indicate 15.9% population growth through 2028, with household counts expected to increase 41%, expanding the renter pool and supporting multifamily property research fundamentals.
The neighborhood benefits from above-average amenity access, ranking in the 98th national percentile for parks per square mile and 84th percentile for restaurant density. Strong median household income of $117,941 within the 3-mile radius, combined with home values averaging $701,183, creates affordability dynamics that sustain rental demand as elevated ownership costs reinforce renter reliance on multifamily housing.
The neighborhood demonstrates favorable safety metrics compared to metro and national benchmarks. Property crime rates rank 2nd among 138 Santa Rosa-Petaluma metro neighborhoods, placing in the 90th national percentile, with recent trends showing a 58.2% decrease in property offense rates year-over-year.
Violent crime rates also perform well, ranking 9th out of 138 metro neighborhoods and reaching the 80th national percentile. The overall crime environment supports tenant retention and property appeal, with improving trends that enhance the neighborhood's competitive position for multifamily investments.
The property benefits from proximity to major corporate employers throughout the Bay Area region, providing diverse employment opportunities that support workforce housing demand and commuter accessibility.
- FedEx — logistics and shipping (14.0 miles)
- Wells Fargo — financial services (40.2 miles) — HQ
- Salesforce.com — technology and cloud services (40.3 miles) — HQ
- PG&E Corp. — utilities (40.5 miles) — HQ
- McKesson — healthcare distribution (40.5 miles) — HQ
This 106-unit property offers compelling fundamentals in a top-performing Sonoma County submarket with demonstrated rental demand stability. The neighborhood's 96.3% occupancy rate and 'A' rating reflect strong underlying market conditions, while projected 41% household growth through 2028 indicates expanding tenant demand. The 1973 construction year presents value-add renovation opportunities to capture upside in a market where median rents reach $1,859.
Commercial real estate analysis shows the area benefits from high home values that reinforce rental demand, with ownership costs keeping households in the multifamily market. The neighborhood's Inner Suburb classification provides suburban appeal while maintaining access to Bay Area employment centers, supporting long-term tenant retention and lease stability.
- Strong occupancy fundamentals with 96.3% neighborhood-level rates
- Value-add potential through strategic renovations of 1973-vintage units
- Expanding tenant base with 41% projected household growth through 2028
- High ownership costs sustain rental demand in premium Sonoma County location
- Risk consideration: Older vintage requires capital planning for deferred maintenance