Two-Story Downtown
138 N Main Street, Sebastopol, CA 95472
For Sale
$1,900,000
Retail and office areas share a sprinklered, centrally conditioned building with rear on-site parking.
Property Size7,448 SF
Lot Size0.19 Acres
Price / SF$255.10
Days on Market69
Property Features for 138 N Main Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Traffic Count
Road Access
Mixed-Use Components
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Gross Income
Sprinkler System
Amenities
central HVAC
Building Details
Building Size
Year Built
Year Renovated
Buildings
Stories
Units
Tenancy
Owner Occupied
Abandoned
Listing Agency:
North Bay Property Advisors
(707) 523-2700
Listed By:
William Severi · License CA #01000344
(707) 291-2722
Source:
Hunterprestigeproperties
Added: Sep 8
Changed: Nov 14
Last Checked: Nov 14 at 7:22PM
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 North Bay Property Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story commercial storefront contains 7,448 square feet on a 0.19-acre parcel. Retail space occupies the ground floor, with office and support areas distributed through the building. A mezzanine adds another component to the interior layout. The property was built in 1922 and has central HVAC serving both levels, a full fire sprinkler system, and four parking spaces at the rear. Electrical improvements were completed in 2024, and a new roof was installed in September 2025.
The building fronts N. Main Street in downtown Sebastopol, with exposure to approximately 28,400 average daily traffic. Restaurants, specialty retail, and community amenities are nearby, while public parking is available in adjacent city lots and along the street. The site is zoned CD - Commercial Downtown.
A tenant with more than 44 years of occupancy currently leases the property on a month-to-month basis.
The building fronts N. Main Street in downtown Sebastopol, with exposure to approximately 28,400 average daily traffic. Restaurants, specialty retail, and community amenities are nearby, while public parking is available in adjacent city lots and along the street. The site is zoned CD - Commercial Downtown.
A tenant with more than 44 years of occupancy currently leases the property on a month-to-month basis.
Key Highlights
- 7,448‑square‑foot building on a 0.19‑acre parcel
- Two‑story layout includes retail, mezzanine, office, and support areas
- CD - Commercial Downtown zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,160
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,103,200
$2.1M
Cap Rate 7%
$1,502,286
$1.5M
Cap Rate 9%
$1,168,444
$1.2M
Market Conditions
NOI Build-Up for 7,448 SF
Gross rent
$165.3K $22.20/SF
− Vacancy
−$25.1K −$3.37/SF
EGI
$140.2K $18.83/SF
− OpEx
−$35.1K −$4.71/SF
NOI
$105.2K $14.12/SF
Area
Sonoma County, 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%
$2,103,200
Cap Rate 7%
$1,502,286
Cap Rate 9%
$1,168,444
Alternative Uses
Best Use
Office B
$1.50M
$1.31M – $1.75M
NOI $105,160 @ 7.0% cap · market cap 5.53%
Second Best
Retail
$971.5K
$850.0K – $1.13M
NOI $68,002 @ 7.0% cap · market cap 3.58%
Theoretical Best
Specialty Retail
$2.02M
$1.77M – $2.35M
NOI $141,277 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
28,400 VPD
Traffic count
Single-tenant
Tenancy
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,704
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95472, CA
28,430
Population
12,595
Households
2.3
Avg Household Size
52
Median Age
50%
College-Educated
94%
High-School Grad
70.3 sq mi
ZIP Area
404
Density / Sq Mi
$109,775
Median Household Income
$50,097
Median Earnings
$1,918
Median Rent
$995,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Sonoma County, CA
Properties on Market for Storefront properties in Sonoma County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Storefront property - Retail and office areas share a sprinklered, centrally conditioned building with rear on-site parking.
Where is this storefront property located?
The property is located at 138 N Main Street Sebastopol, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 7,448‑square‑foot building on a 0.19‑acre parcel; Two‑story layout includes retail, mezzanine, office, and support areas; CD - Commercial Downtown zoning
