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Multi-Tenant Office Complex

2841 Cleveland Avenue Santa Rosa, CA 95403

Claim this Listing
New
For Sale
Under Contract
$1,250,000

SINGLE_FAMILY - Santa Rosa, CA

Type:Office
Property size:
7,250 SF
Lot size:
0.76 Acres
Price / SF:
$172.41/SF
Added:
Jul 13, 2026
Days on Market:
1
Last Refresh:
Jul 13 at 7:06 pm

Property Features for 2841 Cleveland Avenue

General Information

Property type
Residential
Property subtype
Office
Zoning
CO - Commercial Office
Parking features
Open
Standard status
Active Under Contract
APN
015492003000
Lot size
0.76 Acres

Utilities

Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public

Building Details

Year built
1963
Floors in Building
1
Flooring type
Carpet
Building materials
Frame, Stucco, Wood
Roof type
Flat

Listing agent Todd Schapmire License #01414195

Listing office W Real Estate 500 Bicentennial Wy St 310, Santa Rosa, CA

Listing date Jul 13, 2026

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 well-maintained, multi-tenant office complex offers a total of 23 suites supported by a welcoming reception area and landscaped grounds. The main building includes 20 units, with a south wing providing 3 larger offices, each with its own exterior entrance. The onsite configuration is suited to flexible occupancy, with suite sizes that can accommodate small to mid-sized tenants.

The property is located in Santa Rosa on Cleveland Avenue in Sonoma County. It sits on a 0.76-acre lot and includes onsite parking for employees and visitors. The location is described as offering easy access to Highway 101 and close proximity to a range of local businesses and amenities.

The building is positioned for owner-occupant use or full leasing, with office zoning identified as CO - Commercial Office.

Key Highlights

  • Multi‑tenant office complex with approx. 7,250 SF and 23 suites, plus a reception area
  • Main building includes 20 units; south wing has 3 larger offices with exterior entrances
  • 0.76‑acre lot with onsite open parking for employees and visitors

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 $161.0k $22.20
− Vacancy −$24.5k −$3.37
EGI $136.5k $18.83
− OpEx −$34.1k −$4.71
NOI $102.4k $14.12
7,250 SF · lease $22.20/SF/yr · vacancy 15.20% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.46M
$1.28M – $1.71M (±1% cap)
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 (±1% cap)
NOI $140,999 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Doherty Mary C Law Firm Law Office of Andrew ... Law Firm FocusYOU Financial Advisor Rod Buntjer Bail ... Law Firm AplosGroup - Architecture Architect

Suggested Use

Travel Agency Pet Grooming Service Butcher Tanning Salon Florist Tech Support Center Garden Center Pet Store & Service Restaurant (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office building - Well-maintained office building with a reception area, 23 suites, and landscaped grounds on a 0.76-acre lot.
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: Multi‑tenant office complex with approx. 7,250 SF and 23 suites, plus a reception area; Main building includes 20 units; south wing has 3 larger offices with exterior entrances; 0.76‑acre lot with onsite open parking for employees and visitors
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