Retail Building Near Coddingtown
1125 W Steele Santa Rosa, CA 95403
1125 W Steele, Santa Rosa, CA, 95403
$2,200,000
For Sale
$2,200,000
Free-standing retail building with high visibility and traffic count.
Property Size6,696 SF
Lot Size0.45 Acres
Price / SF$328.55
Days on Market374
Property Features for 1125 W Steele
General Information
- Standard status
- Active
- Size
- 6,696 SF
- Lot size
- 0.45 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1976
Listing Agency
SOLID PROPERTIES
5267277
Listed by
JOE PHEFFER
Source
Corcoran
Added: Jul 9, 2025 Checked: Jul 17 at 2:31 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SOLID PROPERTIES
Investment Insights
Based on property information with market context.
This prominent free-standing retail building is situated in a busy trade area across from Coddingtown Mall. The location benefits from high visibility and a substantial traffic count, exceeding 32,000 vehicles per day as of April 2023. It is positioned near the signalized intersection of Guerneville Road and Cleveland Avenue. The property presents an opportunity for an owner-user or potential development. It is zoned General Commercial with a North Santa Rosa Station overlay, suggesting long-term possibilities. The building includes two long-term rooftop cellular leases that provide consistent monthly income, irrespective of occupancy. The showroom features tall windows and high ceilings, enhancing the customer experience with a well-lit floor. Additional developed space with a loading dock can serve as either retail or warehouse space. The property also includes owner/manager offices, a break room, and additional storage located in a partial second story. Parking is provided by a private paved lot with 20 spaces, equating to approximately 2.94 spaces per 1,000 square feet, on a nearly half-acre parcel. The building size is 6,696 square feet.
Key Highlights
- High visibility location with heavy traffic (32,000+ vehicles/day) across from Coddingtown Mall.
- Significant monthly income from two long‑term rooftop cellular leases.
- General Commercial zoning with North Santa Rosa Station overlay allows for development opportunities.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $114.1k | $17.04 |
| − Vacancy | −$9.9k | −$1.48 |
| EGI | $104.2k | $15.56 |
| − OpEx | −$31.3k | −$4.67 |
| NOI | $72.9k | $10.89 |
6,696 SF · lease $17.04/SF/yr · vacancy 8.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.04M
$911.5K – $1.22M
NOI $72,921 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.86M
$1.63M – $2.17M
NOI $130,224 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cokas Diko Home ...
Furniture & Home Goods
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FAQs
What type of property is this?
Showroom - Free-standing retail building with high visibility and traffic count.
Where is this showroom located?
The property is located at 1125 W Steele Santa Rosa, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: High visibility location with heavy traffic (32,000+ vehicles/day) across from Coddingtown Mall.; Significant monthly income from two long‑term rooftop cellular leases.; General Commercial zoning with North Santa Rosa Station overlay allows for development opportunities.
