Three-Tenant Mixed-Use
For Sale
$3,499,000
145 3rd Street, Santa Rosa, CA 95401
Downtown space combines retail, office, and storage areas, with gated on-site parking on a separate parcel.
Property Size14,525 SF
Price / SF$240.90
Days on Market289
Property Features for 145 3rd Street
General Information
Standard status
Active
Size
14,525 SF
Property subtype
Mixed Use
Zoning
SMU
Site & Location
Neighborhood
Railroad Square Historic District
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Mixed-Use Components
retail, office, warehouse
Additional Details
Drive-In Doors
1
Property Use
Retail, Storage, Office
Building Details
Building Size
14,525 SF
Year Built
1990
Buildings
1
Listing Agency:
Side
Listed By:
Live Wine Country
(707) 889-2399
Source:
Liveinwinecountry
Added: Jan 12
Changed: Oct 26
Last Checked: Oct 26 at 11:59AM
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 Side
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Investment Insights
Based on property information with market context.
This mixed-use property provides 14,525 square feet across retail, office, and storage areas. The retail portion is open and suited to customer-facing use, while the office area includes three private offices, two conference rooms, reception, and stock space. Shared areas include restrooms, a break area, and additional storage. A roll-up door serves the warehouse and storage section, and the layout can be divided into as many as three tenant spaces. A gated parking parcel is included separately from the building parcel.
The property fronts Third and Davis streets in downtown Santa Rosa, within the Historic Railroad Square area and a historic district. Highway 101, the SMART Train, hotels, restaurants, and boutique retail are nearby. Station Mixed Use (SMU) zoning applies.
The property fronts Third and Davis streets in downtown Santa Rosa, within the Historic Railroad Square area and a historic district. Highway 101, the SMART Train, hotels, restaurants, and boutique retail are nearby. Station Mixed Use (SMU) zoning applies.
Key Highlights
- 14,525 square feet of retail, office, and storage space
- Layout can accommodate up to three tenant spaces
- Separate gated parcel provides on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,727
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,314,540
$3.3M
Cap Rate 7%
$2,367,529
$2.4M
Cap Rate 9%
$1,841,411
$1.8M
Market Conditions
NOI Build-Up for 14,525 SF
Gross rent
$287.6K $19.80/SF
− Vacancy
−$22.4K −$1.54/SF
EGI
$265.2K $18.26/SF
− OpEx
−$99.4K −$6.85/SF
NOI
$165.7K $11.41/SF
Area
Santa Rosa, CA
Vacancy
7.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,314,540
Cap Rate 7%
$2,367,529
Cap Rate 9%
$1,841,411
Alternative Uses
Best Use
Mixed Use
$2.37M
$2.07M – $2.76M
NOI $165,727 @ 7.0% cap · market cap 4.74%
Second Best
Retail
$2.26M
$1.98M – $2.64M
NOI $158,181 @ 7.0% cap · market cap 4.52%
Theoretical Best
Multifamily LT 5
$4.04M
$3.53M – $4.71M
NOI $282,484 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,555
Businesses Nearby
119k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 46%
Dining 40%
Shops & Services 11%
Hotels & Casinos 2%
Macy's
Apparel
54,337 visits/mo
0.3 miles
Chevys Fresh Mex
Dining
21,353 visits/mo
0.0 miles
Roasters
Dining
12,760 visits/mo
0.1 miles
Shell
Shops & Services
9,897 visits/mo
0.4 miles
Starbucks
Dining
5,382 visits/mo
0.5 miles
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 Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown space combines retail, office, and storage areas, with gated on-site parking on a separate parcel.
Where is this mixed-use property located?
The property is located at 145 3rd Street Santa Rosa, CA.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: 14,525 square feet of retail, office, and storage space; Layout can accommodate up to three tenant spaces; Separate gated parcel provides on‑site parking
