Multi-Suite Office
New
For Sale
$1,250,000
2841 Cleveland Avenue Santa, Santa Rosa, CA 95403
A varied suite layout, landscaped grounds, and on-site parking support a range of office occupancies.
Property Size7,250 SF
Lot Size0.76 Acres
Price / SF$172.41
Days on Market2
Property Features for 2841 Cleveland Avenue Santa
General Information
Standard status
Active
Size
7,250 SF
Class
B
Lot size
0.76 Acres
Property subtype
Multi Tenant Office
Additional Details
Highway Access
Yes
Office Units
23
Amenities
landscaped grounds
welcoming reception area
Building Details
Building Size
7,250 SF
Year Built
1963
Tenancy
Multi
Listing Agency:
W Real Estate
Listed By:
Todd Schapmire · License #01414195
(707) 570-9855
Source:
Thebrokerlist
Added: Oct 16
Last Checked: Oct 16 at 2:28PM
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 W Real Estate
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Investment Insights
Based on property information with market context.
This 7,250-square-foot office property contains 23 suites across a main building and a south wing. The main building has 20 units, while the wing adds three larger offices with separate exterior entrances. A reception area, landscaped grounds, and on-site parking are also part of the property. Built in 1963, the buildings sit on a 0.76-acre lot.
Located on Cleveland Avenue in Santa Rosa, the property has access to Highway 101. Nearby destinations identified include Coddingtown Center, Santa Rosa Junior College, Kaiser, Sonoma County administrative buildings, restaurants, and shopping. The Santa Rosa Airport and downtown Santa Rosa are also described as accessible from the area.
Located on Cleveland Avenue in Santa Rosa, the property has access to Highway 101. Nearby destinations identified include Coddingtown Center, Santa Rosa Junior College, Kaiser, Sonoma County administrative buildings, restaurants, and shopping. The Santa Rosa Airport and downtown Santa Rosa are also described as accessible from the area.
Key Highlights
- 23 office suites across two building sections
- Approximately 7,250 square feet on a 0.76‑acre lot
- Main building contains 20 units; south wing has 3 larger offices with 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.
How Realmo checks its estimates
Property Analytics
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
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - A varied suite layout, landscaped grounds, and on-site parking support a range of office occupancies.
Where is this office building located?
The property is located at 2841 Cleveland Avenue Santa 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 office suites across two building sections; Approximately 7,250 square feet on a 0.76‑acre lot; Main building contains 20 units; south wing has 3 larger offices with exterior entrances
