Retail Building Near Coddingtown
1125 W Steele Santa Rosa, CA 95403
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 Market387
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
Changed: Jul 6
Last Checked: Jul 29 at 10:37AM
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.
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Cokas Diko Home Furnishings — 1125 W Steele Ln, Santa Rosa, CA 95403
- Fine Rug Gallery at Macy's — 555 Coddingtown Center, Santa Rosa, CA 95401
- Flooring FX — 2221 Bluebell Dr, Santa Rosa, CA 95403
- Aguilar Tile Installation — 2360 Mendocino Ave A2-316, Santa Rosa, CA 95403
- P&Y Kitchen Cabinets and Stones — 1615 Cleveland Ave, Santa Rosa, CA 95401
Frequently Asked Questions
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.
