Multi-Tenant Office
2841 Cleveland Avenue Santa Rosa, CA 95403
2841 Cleveland Avenue, Santa Rosa, CA, 95403
$1,250,000
For Sale
$1,250,000
Multi-tenant office complex with reception area, landscaped grounds, and onsite parking on a 0.76-acre lot.
Property Size7,250 SF
Lot Size0.76 Acres
Price / SF$172.41
Days on Market459
Property Features for 2841 Cleveland Avenue
General Information
- Standard status
- Active
- Size
- 7,250 SF
- Lot size
- 0.76 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1963
Listing agency
W Real Estate
(707) 570-9855
Listed by
Todd Schapmire · License #01414195
(707) 570-9855
Source
Xome
Added: Apr 20, 2025 Updated: Jul 22 at 1:45AM Checked: Jul 22 at 3:36AM
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 well-maintained, multi-tenant office complex is configured with 23 suites and a welcoming reception area, designed to maximize natural light. The main building includes 20 units, with a south wing providing three larger offices, each with a separate exterior entrance. The property also includes landscaped grounds and onsite parking to support employee and visitor needs.
The site is located for convenient access to Highway 101 and is close to a range of area employers and amenities, including Coddingtown Center, Redwood Credit Union, Sonoma County administrative buildings, Santa Rosa Junior College, and Kaiser. It is also described as only a short distance to downtown Santa Rosa.
With suite sizes that accommodate both smaller and mid-sized tenants, the building can be operated as an owner-user or leased in full, offering flexibility for onsite management or investment ownership.
The site is located for convenient access to Highway 101 and is close to a range of area employers and amenities, including Coddingtown Center, Redwood Credit Union, Sonoma County administrative buildings, Santa Rosa Junior College, and Kaiser. It is also described as only a short distance to downtown Santa Rosa.
With suite sizes that accommodate both smaller and mid-sized tenants, the building can be operated as an owner-user or leased in full, offering flexibility for onsite management or investment ownership.
Key Highlights
- 7,250 SF multi‑tenant office complex on a 0.76‑acre lot with landscaped grounds and sidewalks
- 23 office suites plus a reception area; 20 units in the main building and 3 larger offices in the south wing
- South wing includes 3 larger offices, each with a separate exterior entrance
Local Financial Insights For Office B
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 | $161.0k | $22.20 |
| − Vacancy | −$24.5k | −$3.37 |
| EGI | $136.5k | $18.83 |
| − OpEx | −$34.1k | −$4.71 |
| NOI | $102.4k | $14.12 |
7,250 SF · lease $22.20/SF/yr · vacancy 15.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.46M
$1.28M – $1.71M
NOI $102,364 @ 7.0% cap · market cap 8.19%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.01M
$1.76M – $2.35M
NOI $140,999 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Doherty Mary C
Law Firm
Law Office of Andrew ...
Law Firm
FocusYOU
Financial Advisor
Rod Buntjer Bail ...
Law Firm
AplosGroup - Architecture
Architect
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FAQs
What type of property is this?
Office building - Multi-tenant office complex with reception area, landscaped grounds, and onsite parking on a 0.76-acre lot.
Where is this office building located?
The property is located at 2841 Cleveland Avenue Santa Rosa, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 7,250 SF multi‑tenant office complex on a 0.76‑acre lot with landscaped grounds and sidewalks; 23 office suites plus a reception area; 20 units in the main building and 3 larger offices in the south wing; South wing includes 3 larger offices, each with a separate exterior entrance
