Medical/Dental Office Condo For
1515 Montgomery #D Santa Rosa, CA 95405
1515 Montgomery #D, Santa Rosa, CA, 95405
$224,000
For Sale
$224,000
Medical/dental/professional office condominium near hospital campus.
Property Size1,175 SF
Price / SF$190.64
Days on Market382
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 Checked: Mar 16 at 9:09 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 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.
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 | $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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Darren Gonzalez, DDS
Dental Office
Santa Rosa Medical ...
Alternative Medicine Practice
Marianella Larry MD
Physician
Lorenzo Marianella
Physician
BLUE MOON SPA
Alternative Medicine Practice
Similar For Sale Nearby
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
FAQs
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.
