Medical/Dental Office Condo For
For Sale
$224,000
1515 Montgomery #D, Santa Rosa, CA 95405
Medical/dental/professional office condominium near hospital campus.
Property Size1,175 SF
Price / SF$190.64
Days on Market473
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
Listed By:
RHONDA DERINGER · License #01206401
(707) 528-1400
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$16,590
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,800
$331.8K
Cap Rate 7%
$237,000
$237.0K
Cap Rate 9%
$184,333
$184.3K
Market Conditions
NOI Build-Up for 1,175 SF
Gross rent
$26.1K $22.20/SF
− Vacancy
−$4.0K −$3.37/SF
EGI
$22.1K $18.83/SF
− OpEx
−$5.5K −$4.71/SF
NOI
$16.6K $14.12/SF
Area
Santa Rosa, CA
Vacancy
15.20%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,800
Cap Rate 7%
$237,000
Cap Rate 9%
$184,333
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,786
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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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.
