Multi-Unit
For Sale
$2,550,000
33 S University Street S, Healdsburg, CA 95448
Industrial-zoned property with natural gas service and a secured, enclosed setting.
Property Size12,000 SF
Days on Market27
Property Features for 33 S University Street S
General Information
Standard status
Active
Size
12,000 SF
Total Parking Spaces
20
Zoning
Industrial
Lease Term
24 Months
Amenities
Clear Height, Clear Span Ceilings, Major Tenant, Manager's Office, Other Restroom Facilities, Over 18 Ft Ceilings, Reception Area, Restroom(s)-Private, See Remarks
Accessible Doors
Multi Units
Natural Gas
Enclosed, Private, Secured, On Street
Building Details
Building Size
12,000 SF
Year Built
1984
Buildings
1
Stories
1
Listed By:
Craig M. Enyart
Source:
Evrealestate
Added: Sep 18
Changed: Oct 6
Last Checked: Oct 12 at 6:29PM
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 Craig M. Enyart
Investment Insights
Based on property information with market context.
Built in 1984, this multi-unit warehouse property has natural gas service and an enclosed, private, secured exterior. Industrial zoning supports its commercial-industrial classification. On-street parking is also noted.
The property sits at the corner of S. University Street and Exchange Avenue in Healdsburg. From northbound Hwy. 101, take Exit 502 for Healdsburg Avenue; the site is reached after crossing the Healdsburg Memorial Bridge.
The property sits at the corner of S. University Street and Exchange Avenue in Healdsburg. From northbound Hwy. 101, take Exit 502 for Healdsburg Avenue; the site is reached after crossing the Healdsburg Memorial Bridge.
Key Highlights
- Multi‑unit warehouse property built in 1984
- Zoned Industrial
- Natural gas service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$214,911
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,298,220
$4.3M
Cap Rate 7%
$3,070,157
$3.1M
Cap Rate 9%
$2,387,900
$2.4M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$272.2K $22.68/SF
− Vacancy
−$19.3K −$1.61/SF
EGI
$252.8K $21.07/SF
− OpEx
−$37.9K −$3.16/SF
NOI
$214.9K $17.91/SF
Area
Sonoma County, CA
Vacancy
7.10%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,298,220
Cap Rate 7%
$3,070,157
Cap Rate 9%
$2,387,900
Alternative Uses
Best Use
Warehouse
$3.07M
$2.69M – $3.58M
NOI $214,911 @ 7.0% cap · market cap 8.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.25M
$2.85M – $3.79M
NOI $227,621 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,327
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 95448, CA
16,245
Population
7,783
Households
2.1
Avg Household Size
48
Median Age
45%
College-Educated
88%
High-School Grad
184.8 sq mi
ZIP Area
88
Density / Sq Mi
$103,048
Median Household Income
$46,932
Median Earnings
$2,129
Median Rent
$1,030,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial-zoned property with natural gas service and a secured, enclosed setting.
Where is this warehouse located?
The property is located at 33 S University Street S Healdsburg, CA.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Multi‑unit warehouse property built in 1984; Zoned Industrial; Natural gas service
