Flex
For Sale
$700,000
1229 Grove Street #5, Healdsburg, CA 95448
A 2009-built property offers a flex-space option in Healdsburg.
Property Size1,500 SF
Days on Market142
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Property Features for 1229 Grove Street #5
General Information
Standard status
Active
Size
1,500 SF
Amenities
Restroom(s)-Private
Building Details
Building Size
1,500 SF
Year Built
2009
Stories
1
Listing Agency:
W Real Estate
Listed By:
Hiraeth Homes
(707) 484-9869
Source:
Evrealestate
Added: May 27
Changed: Oct 15
Last Checked: Oct 15 at 2:14AM
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 W Real Estate
Investment Insights
Based on property information with market context.
This flex space was built in 2009 and is located at 1229 Grove Street, Suite 5, in Healdsburg, California.
Access is described from the Dry Creek exit, with a right turn onto Grove Street followed by a right turn into the parking lot.
Access is described from the Dry Creek exit, with a right turn onto Grove Street followed by a right turn into the parking lot.
Key Highlights
- Built in 2009
- At 1229 Grove Street, Suite 5, in Healdsburg
- Directions from Dry Creek exit: turn right onto Grove Street, then right into the parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,123
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,460
$442.5K
Cap Rate 7%
$316,043
$316.0K
Cap Rate 9%
$245,811
$245.8K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$34.0K $22.68/SF
− Vacancy
−$2.4K −$1.61/SF
EGI
$31.6K $21.07/SF
− OpEx
−$9.5K −$6.32/SF
NOI
$22.1K $14.75/SF
Area
Sonoma County, CA
Vacancy
7.10%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,460
Cap Rate 7%
$316,043
Cap Rate 9%
$245,811
Alternative Uses
Best Use
Industrial
$316.0K
$276.5K – $368.7K
NOI $22,123 @ 7.0% cap · market cap 3.16%
Second Best
Flex RnD
$305.0K
$266.9K – $355.9K
NOI $21,351 @ 7.0% cap · market cap 3.05%
Theoretical Best
Specialty Retail
$406.5K
$355.7K – $474.2K
NOI $28,453 @ 7.0% cap · market cap 4.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95448, CA
16,245
Population
7,783
Households
2.1
Avg Household Size
48
Median Age
45%
College-Educated
88%
High-School Grad
184.8 sq mi
ZIP Area
88
Density / Sq Mi
$103,048
Median Household Income
$46,932
Median Earnings
$2,129
Median Rent
$1,030,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- My Sugar Fix Cupcakes — 503 Westmont Ct, Healdsburg, CA 95448
Frequently Asked Questions
What type of property is this?
Flex space - A 2009-built property offers a flex-space option in Healdsburg.
Where is this flex space located?
The property is located at 1229 Grove Street #5 Healdsburg, CA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Built in 2009; At 1229 Grove Street, Suite 5, in Healdsburg; Directions from Dry Creek exit: turn right onto Grove Street, then right into the parking lot
