Versatile Mixed-Use Property in
145 3rd Santa Rosa, CA 95401
145 3rd, Santa Rosa, CA, 95401
$3,999,999
For Sale
$3,999,999
Prime downtown location with retail, office, and warehouse space.
Property Size14,525 SF
Lot Size0.39 Acres
Price / SF$275.39
Days on Market187
Property Features for 145 3rd
General Information
- Standard status
- Active
- Size
- 14,525 SF
- Lot size
- 0.39 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1990
Listing Agency
EXP REALTY OF CALIFORNIA, INC
8327179
Listed by
LENORE CORONADO · License #01371042
Source
Corcoran
Added: Jan 13 Checked: Jul 19 at 4:37 am
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 EXP REALTY OF CALIFORNIA, INC
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
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 | $322.5k | $22.20 |
| − Vacancy | −$49.0k | −$3.37 |
| EGI | $273.4k | $18.83 |
| − OpEx | −$68.4k | −$4.71 |
| NOI | $205.1k | $14.12 |
14,525 SF · lease $22.20/SF/yr · vacancy 15.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.93M
$2.56M – $3.42M
NOI $205,081 @ 7.0% cap · market cap 5.13%
Second Best
Warehouse
$2.60M
$2.27M – $3.03M
NOI $181,863 @ 7.0% cap · market cap 4.55%
Theoretical Best
Multifamily LT 5
$4.04M
$3.53M – $4.71M
NOI $282,484 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sole Desire Shoes
Clothing & Fashion Store
Similar For Sale Nearby
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 Santa Rosa, CA.
What is the asking price?
The asking price for this property is $3,999,999.
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.
