Multi-Tenant Office
For Sale
$1,250,000
2841 Cleveland Avenue, Santa Rosa, CA 95403
Commercial Sale, Santa Rosa, CA
Property Size7,250 SF
Lot Size0.76 Acres
Price / SF$172.41
Days on Market95
Property Features for 2841 Cleveland Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
CO - Commercial Office
Parking features
Open
Lot features
Landscape Front, Mid Block
Directions
From Hwy 101 south, take exit 491, left on Steele Ln. First right on Cleveland Ave. About 1/3 mile on the left. From Hwy 101 north, take exit 492 for Hopper Ave. First left on Cleveland Ave. About 1.2 miles on the right.
Subdivision
Santa Rosa-Northwest
Standard status
Active
APN
015492003000
Lot size
0.76 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
reception area
landscaped grounds
Building Details
Year built
1963
Floors in Building
1
Flooring type
Carpet
Building materials
Frame, Stucco, Wood
Roof type
Flat
Listing Agency:
W Real Estate
(707) 591-0570
Listed By:
Todd Schapmire · License #01414195
(707) 570-9855
Added: Jul 13
Changed: Sep 9
Last Checked: Oct 15 at 7:06AM
MLS# 325076628
Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multi-tenant office property is arranged across 23 suites, with 20 units in the main building and three larger offices in a south wing. Each south-wing office has its own exterior entrance. The improvements include a reception area, landscaped grounds, carpeted interiors, central heating and cooling, a flat roof, and open parking. The 0.7607-acre parcel is served by public water and public sewer and is zoned CO - Commercial Office.
The property is positioned for convenient access to Highway 101 and is near Coddingtown Center, Santa Rosa Junior College, Kaiser, Sonoma County administrative buildings, restaurants, shopping, and other businesses. Downtown Santa Rosa is also a short distance away. Built in 1963, the office complex offers a mix of suite sizes within a single commercial setting.
The property is positioned for convenient access to Highway 101 and is near Coddingtown Center, Santa Rosa Junior College, Kaiser, Sonoma County administrative buildings, restaurants, shopping, and other businesses. Downtown Santa Rosa is also a short distance away. Built in 1963, the office complex offers a mix of suite sizes within a single commercial setting.
Key Highlights
- 23 suites across the office complex
- Main building contains 20 units; south wing adds 3 larger offices
- South‑wing offices feature individual exterior entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,364
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,047,280
$2.0M
Cap Rate 7%
$1,462,343
$1.5M
Cap Rate 9%
$1,137,378
$1.1M
Market Conditions
NOI Build-Up for 7,250 SF
Gross rent
$161.0K $22.20/SF
− Vacancy
−$24.5K −$3.37/SF
EGI
$136.5K $18.83/SF
− OpEx
−$34.1K −$4.71/SF
NOI
$102.4K $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%
$2,047,280
Cap Rate 7%
$1,462,343
Cap Rate 9%
$1,137,378
Alternative Uses
Best Use
Office B
$1.46M
$1.28M – $1.71M
NOI $102,364 @ 7.0% cap · market cap 8.19%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.01M
$1.76M – $2.35M
NOI $140,999 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
23
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,201
Businesses Nearby
Explore this area
Business Placement
Demographics for 95403, CA
44,705
Population
17,504
Households
2.6
Avg Household Size
39
Median Age
27%
College-Educated
87%
High-School Grad
21.5 sq mi
ZIP Area
2,079
Density / Sq Mi
$94,480
Median Household Income
$45,928
Median Earnings
$2,215
Median Rent
$651,900
Median Home Value
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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?
Office building - Flexible suite layouts, on-site parking, and a south wing with private exterior entrances support varied office occupancy.
Where is this office building located?
The property is located at 2841 Cleveland Avenue Santa Rosa, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 23 suites across the office complex; Main building contains 20 units; south wing adds 3 larger offices; South‑wing offices feature individual exterior entrances
