Turnkey Restaurant Opportunity in Santa
For Sale
$415,000
1513 Farmers, Santa Rosa, CA 95405
2,400 SF restaurant with Type 47 liquor license.
Property Size2,400 SF
Lot Size11.48 Acres
Price / SF$172.92
Days on Market199
Property Features for 1513 Farmers
General Information
Standard status
Active
Size
2,400 SF
Lot size
11.48 Acres
Property subtype
Commercial
Amenities
Concrete Slab Flooring
Heavy Duty Flooring
Tile Flooring
Listing Agency:
COLDWELL BANKER REALTY
8294500
Listed By:
SIMON RAYA · License #01924065
(707) 200-4727
Source:
Corcoran
Added: Feb 17
Changed: Sep 2
Last Checked: Sep 4 at 9:44AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This is a 2,400 square foot turnkey restaurant opportunity located in Bennett Valley, Santa Rosa. The fully built-out space is situated in an established shopping center along Highway 12, offering strong visibility and favorable local demographics. The restaurant includes a bar area and a Type 47 liquor license, which is transferable pending ABC approval. This opportunity is suited for an experienced operator or a new concept seeking existing infrastructure and a high-exposure location. The sale is for the business only, and the lease will need to be renegotiated with the landlord. This allows for the opportunity to customize the built environment to your brand.
Key Highlights
- Turnkey restaurant opportunity in established shopping center with high visibility along Hwy 12.
- Includes a transferable Type 47 liquor license (pending ABC approval).
- Fully built‑out 2,400 SF space with bar area.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,501
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$610,020
$610.0K
Cap Rate 7%
$435,729
$435.7K
Cap Rate 9%
$338,900
$338.9K
Market Conditions
NOI Build-Up for 2,400 SF
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.
Gross rent
$43.8K $18.24/SF
− Vacancy
−$3.1K −$1.30/SF
EGI
$40.7K $16.94/SF
− OpEx
−$10.2K −$4.24/SF
NOI
$30.5K $12.71/SF
Area
Santa Rosa, CA
Vacancy
7.10%
Lease Rate
$18.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$610,020
Cap Rate 7%
$435,729
Cap Rate 9%
$338,900
Alternative Uses
Best Use
Specialty Retail
$435.7K
$381.3K – $508.4K
NOI $30,501 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$666.8K
$583.4K – $777.9K
NOI $46,675 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
808
Businesses Nearby
96k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 31%
Home Improvements & Furnishings 1%
Starbucks
Dining
17,284 visits/mo
0.1 miles
Taco Bell
Dining
13,584 visits/mo
0.0 miles
Jack in the Box
Dining
13,278 visits/mo
0.1 miles
Valero Energy
Shops & Services
9,566 visits/mo
0.0 miles
Chevron
Shops & Services
9,088 visits/mo
0.3 miles
Demographics for 95405, CA
22,015
Population
9,664
Households
2.3
Avg Household Size
45
Median Age
47%
College-Educated
94%
High-School Grad
5.0 sq mi
ZIP Area
4,403
Density / Sq Mi
$117,931
Median Household Income
$60,009
Median Earnings
$2,315
Median Rent
$749,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - 2,400 SF restaurant with Type 47 liquor license.
Where is this conventional restaurant located?
The property is located at 1513 Farmers Santa Rosa, CA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Turnkey restaurant opportunity in established shopping center with high visibility along Hwy 12.; Includes a transferable Type 47 liquor license (pending ABC approval).; Fully built‑out 2,400 SF space with bar area.
