Office Building with
For Sale
$699,000
451 College Avenue, Santa Rosa, CA 95401
Seven private offices and a conference room provide a multi-room layout for business operations.
Property Size3,333 SF
Price / SF$209.72
Days on Market547
Property Features for 451 College Avenue
General Information
Standard status
Active
Size
3,333 SF
Total Parking Spaces
7
Property subtype
Office
Property Condition
Severity
Repairs Needed
Evidence
might need some cosmetic upgrades on the interior
Site & Location
Neighborhood
Ridgway Historic District
Highway Access
Yes
Additional Details
Condition
Needs Renovation
Currently Operating
Yes
Property Use
Office
Amenities
conference area
mail room
kitchen area
half baths
office storage/equipment room
atrium area with fountain
Building Details
Building Size
3,333 SF
Year Built
1946
Buildings
1
Tenancy
Single
Listing Agency:
Bertolone Realty
Listed By:
Todd M Bertolone · License #01024983
(707) 322-6831
Source:
Homesbyperch
Added: May 6, 2025
Changed: Nov 2
Last Checked: Oct 31 at 3:40PM
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 Bertolone Realty
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Investment Insights
Based on property information with market context.
The 3,333-square-foot office building, constructed in 1946, contains seven separate offices, a conference room, mail room, kitchen area, two half baths, and a storage and equipment room. An atrium with a fountain adds a shared interior feature. The building is described as well maintained, with possible cosmetic updates to the interior.
Seven parking spaces are available, with alley access. The property is a few blocks from downtown Santa Rosa, near the intersection of Mendocino Avenue and College Avenue, and a couple of blocks from Highway 101.
Seven parking spaces are available, with alley access. The property is a few blocks from downtown Santa Rosa, near the intersection of Mendocino Avenue and College Avenue, and a couple of blocks from Highway 101.
Key Highlights
- 3,333‑square‑foot office building built in 1946
- Seven separate offices and a large conference room
- Mail room, kitchen area, two half baths, and storage/equipment room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,059
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,180
$941.2K
Cap Rate 7%
$672,271
$672.3K
Cap Rate 9%
$522,878
$522.9K
Market Conditions
NOI Build-Up for 3,333 SF
Gross rent
$74.0K $22.20/SF
− Vacancy
−$11.2K −$3.37/SF
EGI
$62.7K $18.83/SF
− OpEx
−$15.7K −$4.71/SF
NOI
$47.1K $14.12/SF
Area
Santa Rosa, CA
Vacancy
15.20%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,180
Cap Rate 7%
$672,271
Cap Rate 9%
$522,878
Alternative Uses
Best Use
Office B
$672.3K
$588.2K – $784.3K
NOI $47,059 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$926.0K
$810.3K – $1.08M
NOI $64,821 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,546
Businesses Nearby
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Business Placement
Demographics for 95401, CA
37,272
Population
14,281
Households
2.6
Avg Household Size
38
Median Age
28%
College-Educated
80%
High-School Grad
20.9 sq mi
ZIP Area
1,783
Density / Sq Mi
$93,513
Median Household Income
$45,630
Median Earnings
$1,978
Median Rent
$628,900
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Seven private offices and a conference room provide a multi-room layout for business operations.
Where is this office building located?
The property is located at 451 College Avenue Santa Rosa, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 3,333‑square‑foot office building built in 1946; Seven separate offices and a large conference room; Mail room, kitchen area, two half baths, and storage/equipment room
