Medical/Dental Office Condo For
1515 Montgomery #D Santa Rosa, CA 95405
For Sale
$224,000
Medical/dental/professional office condominium near hospital campus.
Property Size1,175 SF
Price / SF$190.64
Days on Market393
Property Features for 1515 Montgomery #D
General Information
Standard status
Active
Size
1,175 SF
Building Details
Year Built
1962
Listing Agency:
KEEGAN & COPPIN COMPANY, INC
(707) 528-1400
Listed By:
RHONDA DERINGER · License #01206401
Source:
Corcoran
Added: Jul 3, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 KEEGAN & COPPIN COMPANY, INC
Investment Insights
Based on property information with market context.
This medical/dental/professional office condominium offers approximately 1,175 rentable square feet. According to condo map/tax records, the space is 962 square feet. Previously used as a dental office, the layout includes 5 open treatment rooms with sinks and cabinets, a reception area, waiting room, office, lab area, restroom, and storage closets. The space was remodeled in 1989 and features built-in cabinets, counters, and sinks. Dental office improvements are present. The building has a newer solar system on the roof and on-site parking. Located about one block from the Provident/Memorial Hospital Campus and medical office buildings, this property is ideal for dental, medical, or professional office users. It presents an excellent owner-user opportunity in central Santa Rosa. Seller financing is potentially available.
Key Highlights
- Prime Location: Just a block from the Provident/Memorial Hospital Campus and Medical Office Buildings.
- Existing Medical/Dental Infrastructure: Features 5 open treatment rooms with sinks and cabinets, reception area, waiting room, and more.
- Suitable for Multiple Uses: Ideal for dental, medical, or professional office users.
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 | $26.1k | $22.20 |
| − Vacancy | −$4.0k | −$3.37 |
| EGI | $22.1k | $18.83 |
| − OpEx | −$5.5k | −$4.71 |
| NOI | $16.6k | $14.12 |
1,175 SF · lease $22.20/SF/yr · vacancy 15.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$237.0K
$207.4K – $276.5K
NOI $16,590 @ 7.0% cap · market cap 7.41%
Second Best
Healthcare Medical
$224.7K
$196.6K – $262.2K
NOI $15,730 @ 7.0% cap · market cap 7.02%
Theoretical Best
Multifamily LT 5
$326.5K
$285.7K – $380.9K
NOI $22,852 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Santa Rosa Veterinary Hospital — 2002 4th St, Santa Rosa, CA 95404
- Alderbrook Pet Hospital — 1533 4th St, Santa Rosa, CA 95404
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical/dental/professional office condominium near hospital campus.
Where is this medical office space located?
The property is located at 1515 Montgomery #D Santa Rosa, CA.
What is the asking price?
The asking price for this property is $224,000.
What are key features of this property?
This property features: Prime Location: Just a block from the Provident/Memorial Hospital Campus and Medical Office Buildings.; Existing Medical/Dental Infrastructure: Features 5 open treatment rooms with sinks and cabinets, reception area, waiting room, and more.; Suitable for Multiple Uses: Ideal for dental, medical, or professional office users.
