Santa Rosa Office Building
For Sale
$1,250,000
3000 Cleveland Avenue, Santa Rosa, CA 95403
Well-maintained office building with redevelopment potential in Santa Rosa.
Property Size6,061 SF
Price / SF$206.24
Days on Market201
Property Features for 3000 Cleveland Avenue
General Information
Standard status
Active
Size
6,061 SF
Class
B
Property subtype
Office - General Office
Site & Location
Neighborhood
County Center
Building Details
Building Size
6,061 SF
Year Built
1962
Units
18
Listing Agency:
Artisan | Sothebys International Realty
Listed By:
Rosemarie Corrigan · License #00880048
(707) 480-9730
Source:
Commercialcafe
Added: Apr 11
Changed: Oct 25
Last Checked: Oct 26 at 1:15PM
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 | Sothebys International Realty
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,576
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,711,520
$1.7M
Cap Rate 7%
$1,222,514
$1.2M
Cap Rate 9%
$950,844
$950.8K
Market Conditions
NOI Build-Up for 6,061 SF
Gross rent
$134.6K $22.20/SF
− Vacancy
−$20.5K −$3.37/SF
EGI
$114.1K $18.83/SF
− OpEx
−$28.5K −$4.71/SF
NOI
$85.6K $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%
$1,711,520
Cap Rate 7%
$1,222,514
Cap Rate 9%
$950,844
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,316
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
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 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: 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.
