Residential Income
For Sale
$299,000
Pending
3145 Clare Avenue, Santa Rosa, CA 95403
For sale at 3145 Clare Avenue in Santa Rosa, offering a residential income-oriented ownership profile.
Property Size1,191 SF
Days on Market61
Property Features for 3145 Clare Avenue
General Information
Standard status
Pending
Size
1,191 SF
Total Parking Spaces
4
Property subtype
Manufactured In Park
Amenities
Central
Covered, Off Street
Building Details
Year Built
2022
Listing Agency:
W Real Estate
(707) 889-2443
Listed By:
Marisa T. Rosas
(707) 889-2443
Source:
Evrealestate
Added: Jun 24
Changed: Aug 10
Last Checked: Aug 23 at 4:18AM
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
Investment Insights
Based on property information with market context.
This for-sale property is presented under residential income categories, including mobile home & RV park, multifamily, and residential income classifications. Beyond the listing address and property size, no further unit counts, floorplans, or condition details are provided in the available information.
The property is located at 3145 Clare Avenue in Santa Rosa, within Sonoma County. The listing also includes general directions referencing Piner Rd to Opal Way to Mercie to Clare, supporting straightforward local access, though no specific frontage or cross-street details are included.
From a tenant and buyer fit perspective, this asset may be considered by parties seeking residential income exposure in Santa Rosa under the listed property-type classifications. Interested buyers and brokers should plan to confirm operating details during due diligence, including how the improvements are configured, what current use reflects, and any applicable assumptions for ongoing management. For a full underwriting and suitability review, request the complete offering materials to understand the property’s specific layout and income structure.
The property is located at 3145 Clare Avenue in Santa Rosa, within Sonoma County. The listing also includes general directions referencing Piner Rd to Opal Way to Mercie to Clare, supporting straightforward local access, though no specific frontage or cross-street details are included.
From a tenant and buyer fit perspective, this asset may be considered by parties seeking residential income exposure in Santa Rosa under the listed property-type classifications. Interested buyers and brokers should plan to confirm operating details during due diligence, including how the improvements are configured, what current use reflects, and any applicable assumptions for ongoing management. For a full underwriting and suitability review, request the complete offering materials to understand the property’s specific layout and income structure.
Key Highlights
- 3145 Clare Avenue in Santa Rosa (Sonoma County)
- Built in 2022
- Central heating
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,804
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$416,080
$416.1K
Cap Rate 7%
$297,200
$297.2K
Cap Rate 9%
$231,156
$231.2K
Market Conditions
NOI Build-Up for 1,191 SF
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.
Gross rent
$39.7K $33.36/SF
− Vacancy
−$1.9K −$1.60/SF
EGI
$37.8K $31.76/SF
− OpEx
−$17.0K −$14.29/SF
NOI
$20.8K $17.47/SF
Area
Santa Rosa, CA
Vacancy
4.80%
Lease Rate
$33.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$416,080
Cap Rate 7%
$297,200
Cap Rate 9%
$231,156
Alternative Uses
Best Use
Apartment 5plus
$297.2K
$260.1K – $346.7K
NOI $20,804 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$330.9K
$289.5K – $386.1K
NOI $23,163 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,503
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 Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - For sale at 3145 Clare Avenue in Santa Rosa, offering a residential income-oriented ownership profile.
Where is this mobile home & rv park located?
The property is located at 3145 Clare Avenue Santa Rosa, CA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 3145 Clare Avenue in Santa Rosa (Sonoma County); Built in 2022; Central heating
