Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    145 3Rd St Santa Rosa, CA 95401

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,250,000

    Prime downtown location with retail, office, and warehouse space.

    Property size:
    14,525 SF
    Lot size:
    0.39 Acres

    Property Features for 145 3Rd St

    General Information

    Standard status
    Active
    Size
    14,525 SF
    Lot size
    0.39 Acres

    Building Details

    Year built
    1990

    We can help!

    Listing Contact
    Lenore Coronado
    Source: Corcoran

    Listing Agency: EXP REALTY OF CALIFORNIA, INC Listing Agent: Lenore Coronado

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Versatile Mixed-Use Property in Downtown

    Located in the heart of Historic Railroad Square in downtown Santa Rosa, this property offers high visibility and convenient access near Hwy 101. The location is surrounded by restaurants, shops, hotels, and the SMART Train. The property includes two parcels: one with the building and a gated parcel providing on-site parking. The building provides over 15,000 sq ft with frontage and windows along Third Street and Davis Street. Configured for retail, storage, and office use, the space can function as one large operation or be divided into up to three tenant spaces. The warehouse/storage portion features a roll-up door suitable for small truck access. The office area includes three private offices, two conference rooms, stock/storage areas, and a main reception area. Common areas offer a lunch/break space, restrooms, and additional storage. The retail component is an open space ideal for a showroom. Zoned SMU (Station Mixed Use) and located within a historic district, this property benefits from foot traffic, proximity to hotels with conference facilities, and walkability to downtown Santa Rosa and the downtown mall. The property is offered for sale and presents an opportunity to secure downtown real estate with flexibility and visibility.
    Location Intelligence

    Current Use by Public Records

    Sole Desire Shoes Clothing & Fashion Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Rosa
    County
    Sonoma
    State
    California
    Longitude
    -122.7192123
    Latitude
    38.4371746

    Nearby Similar for Sale

    • $729,000
      3,333 SF

      Santa Rosa Office Building For Sale

      Prime location office building near downtown Santa Rosa.
      451 College Ave, Santa Rosa, CA 95401
      View Details
    • $1,150,000
      2,868 SF

      Santa Rosa Updated Office Building

      Updated office building on a large lot near downtown.
      4010 Montecito Ave, Santa Rosa, CA 95404
      View Details
    • $165,000
      1,108 SF

      Turnkey Restaurant Opportunity in Santa Rosa

      Turnkey restaurant with fully equipped kitchen and seating available.
      1800 Mendocino Ave, Santa Rosa, CA 95401
      View Details
    • New
      $85,000

      Established Nail Salon For Sale

      Profitable nail salon with inventory, furniture, and fixtures included.
      2773 Yulupa Ave, Santa Rosa, CA 95405
      View Details
    • $410,000
      0.03 Acres

      Santa Rosa Commercial Condo For Sale

      Commercial condo in north Santa Rosa with flexible business uses.
      1820 Empire Industrial Ct, Santa Rosa, CA 95403
      View Details
    • $4,250,000
      14,525 SF

      Versatile Mixed-Use Building in Railroad Square

      Mixed-use property in downtown Santa Rosa with retail, office, warehouse.
      145 3Rd St, Santa Rosa, CA 95401
      View Details
    • $2,600,000
      4,592 SF

      Santa Rosa Automotive/Retail Opportunity

      Auto sales/smog shop on corner lot with high traffic visibility.
      3110 Santa Rosa Ave, Santa Rosa, CA 95407
      View Details
    • $899,000
      1,989 SF

      Santa Rosa Triplex with Yard

      Triplex in Santa Rosa with fenced yards and stable tenants.
      487 Hearn Ave, Santa Rosa, CA 95407
      View Details
    • $399,000
      1,600 SF

      Santa Rosa Medical Office Space

      Medical office space for sale in Santa Rosa, CA.
      4720 Hoen Ave, Santa Rosa, CA 95405
      View Details
    • New
      $995,000
      2,328 SF

      Downtown Santa Rosa Office Building

      2,328 SF corner building, ideal for medical or office.
      2211 4Th St, Santa Rosa, CA 95404
      View Details
    • $450,000
      1,488 SF

      Move-in Ready Commercial Condo

      Functional condo ideal for light industrial, office, or warehouse.
      1800 Empire Industrial Ct, Santa Rosa, CA 95403
      View Details
    • $415,000
      2,400 SF

      Turnkey Restaurant Opportunity in Santa Rosa

      2,400 SF restaurant with Type 47 liquor license.
      1513 Farmers Ln, Santa Rosa, CA 95405
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Prime downtown location with retail, office, and warehouse space.
    Where is this mixed-use property located?
    The property is located at 145 3Rd St Santa Rosa, CA.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: - Prime location in Historic Railroad Square, downtown Santa Rosa, with exceptional visibility and easy access to Hwy 101.; - Flexible space: 15,000+ sq ft, configurable as one large space or divided into up to three tenant spaces.; - Valuable on-site, gated parking included with the property.
    (888) 832-7179
    Request Owner's contact information
    145 3Rd St Santa Rosa, CA 95401
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    145 3Rd St
    Santa Rosa, CA 95401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    145 3Rd St Santa Rosa, CA 95401
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lenore Coronado
    Real Estate License ID: 01371042
    (888) 832-7179 (707) 583-9433 8327179
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!