Santa Rosa Office Building
3000 Cleveland Santa Rosa, CA 95403
3000 Cleveland, Santa Rosa, CA, 95403
$1,250,000
For Sale
$1,250,000
Well-maintained office building with redevelopment potential in Santa Rosa.
Property Size6,061 SF
Price / SF$206.24
Days on Market97
Property Features for 3000 Cleveland
General Information
- Standard status
- Active
- Size
- 6,061 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1962
Listing Agency
ARTISAN SOTHEBY'S INT'L REALTY
2841111
Listed by
JAIME GUTIERREZ
Source
Corcoran
Added: Apr 11 Checked: Jul 16 at 8:01 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 ARTISAN SOTHEBY'S INT'L REALTY
Investment Insights
Based on property information with market context.
The property at 3000 Cleveland Avenue is a well-maintained, two-story office building offering in-place income and future development potential. The 6,061 square foot property features a functional layout centered around multiple private interior courtyards, providing abundant natural light, mature landscaping, and a professional campus-style setting. The building includes several office suites currently occupied by tenants, offering immediate income with flexibility for an investor or owner-user. Amenities include secure gated access, ample on-site parking, and an ADA-compliant restroom on the ground floor, supporting a variety of office uses. The property also offers compelling upside through potential redevelopment. Preliminary plans have been initiated for conversion to a 14-unit multifamily project consisting of 13 one-bedroom units and 1 studio. The property benefits from zoning that supports multifamily use, and the City of Santa Rosa has been favorable toward housing development. This location in central Santa Rosa presents an ideal opportunity for investors, developers, or owner-users looking for a versatile asset with both current cash flow and long-term upside.
Key Highlights
- Strong future development potential for a 14‑unit multifamily project (preliminary plans initiated).
- In‑place income from existing tenants with flexibility for investor or owner‑user.
- Seller financing available, offering flexible terms and reduced upfront capital requirements.
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 | $134.6k | $22.20 |
| − Vacancy | −$20.5k | −$3.37 |
| EGI | $114.1k | $18.83 |
| − OpEx | −$28.5k | −$4.71 |
| NOI | $85.6k | $14.12 |
6,061 SF · lease $22.20/SF/yr · vacancy 15.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.22M
$1.07M – $1.43M
NOI $85,576 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.68M
$1.47M – $1.96M
NOI $117,875 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Jma Architect
Architect
Jacobson Fence Company ...
General Contractor
Andy Nielsen Tax ...
Tax Preparation
Vector Escrow Services
Bank
360 Car Wrap ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Well-maintained office building with redevelopment potential in Santa Rosa.
Where is this office building located?
The property is located at 3000 Cleveland 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: Strong future development potential for a 14‑unit multifamily project (preliminary plans initiated).; In‑place income from existing tenants with flexibility for investor or owner‑user.; Seller financing available, offering flexible terms and reduced upfront capital requirements.
