Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    612 Elsa Santa Rosa, CA 95407

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,295,000

    Two parcels totaling 1.37 acres, ideal for multi-family development.

    Added:
    Jun 10, 2025
    Days on Market:
    314
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 612 Elsa

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    TATIANA MCWILLIAMS

    Listing agent TATIANA MCWILLIAMS

    Listing office LIVE WINE COUNTRY

    Listing date Jun 10, 2025

    Source Corcoran

    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 LIVE WINE COUNTRY

    Overview

    Santa Rosa Development Opportunity

    Two neighboring parcels in Santa Rosa offer a combined total of approximately 1.37 acres. The properties, located at 615 Elsa Dr (1.02 acres) and 612 Elsa Dr (0.35 acres), feature Planned Development (PD) zoning suitable for multi-family housing, apartments, and townhomes, with the potential for mixed-use and recreational amenities. Situated just off Santa Rosa Avenue in an established neighborhood, the location provides direct access to retail hubs including Trader Joe's, Costco, and Target, all within a mile. The properties also benefit from proximity to major thoroughfares such as Santa Rosa Avenue and Highway 101, presenting a development opportunity in one of Santa Rosa's development-ready corridors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Rosa
    County
    Sonoma
    State
    California
    Longitude
    -122.712
    Latitude
    38.4053

    Nearby Similar for Sale

    • $2,300,000
      4,592 SF

      Santa Rosa Automotive/Retail Opportunity

      High-visibility corner lot with auto and retail potential.
      3110 Santa Rosa Avenue, Santa Rosa, CA 95407
      View Details
    • $3,999,999
      14,525 SF

      Versatile Mixed-Use Building in Santa Rosa

      Prime mixed-use property in downtown Santa Rosa's Historic Railroad Square.
      145 3rd Street, Santa Rosa, CA 95401
      View Details
    • $945,000
      4,692 SF

      Santa Rosa Commercial Building

      Commercial building suitable for warehouse, auto repair, or retail.
      80 Barham Avenue, Santa Rosa, CA 95407
      View Details
    • $2,749,000
      2,339 SF

      Prime Retail Opportunity in Santa Rosa

      High-visibility retail space in a busy commercial corridor.
      1089 Santa Rosa Avenue, Santa Rosa, CA 95404
      View Details
    • $729,000
      3,333 SF

      Santa Rosa Office Building For Sale

      Prime location office building near downtown Santa Rosa.
      451 College Avenue, Santa Rosa, CA 95401
      View Details
    • $499,000

      Prime Commercial Lot Opportunity

      Desirable corner lot near Sonoma County Airport and Highway 101.
      5309 Old Redwood Highway, Santa Rosa, CA 95403
      View Details
    • $165,000
      1,108 SF

      Turnkey Restaurant Opportunity in Santa Rosa

      Turnkey restaurant with fully equipped kitchen and seating available.
      1800 Mendocino Avenue, Santa Rosa, CA 95401
      View Details
    • $395,000

      Santa Rosa Residential Acreage Opportunity

      8.15 acres near Napa Valley with building potential.
      3550 Porter Creek Road, Santa Rosa, CA 95404
      View Details
    • $455,000

      Residential Lot with Panoramic Views

      Vacant lot in Fountaingrove with plans for 5,000 sqft home.
      3911 Chanterelle Circle, Santa Rosa, CA 95404
      View Details
    • $335,000

      Residential Lot in Altaire Neighborhood

      Rare opportunity to build in Fountaingrove's prestigious Altaire neighborhood.
      3987 Millbrook Drive, Santa Rosa, CA 95404
      View Details
    • $675,000

      Santa Rosa Land Ready to Build

      5-acre lot ready for building in Sonoma County.
      6677 Foothill Ranch Road, Santa Rosa, CA 95404
      View Details
    • $299,000

      Santa Rosa Residential Acreage Opportunity

      Two parcels with mountain views, ready for rebuilding or investment.
      1470 Los Alamos Road, Santa Rosa, CA 95409
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two parcels totaling 1.37 acres, ideal for multi-family development.
    Where is this residential land & home lot located?
    The property is located at 612 Elsa Santa Rosa, CA.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: 1.37 acres of land with flexible Planned Development (PD) zoning suitable for multi‑family housing, apartments, or townhomes.; Prime location off Santa Rosa Avenue in an established neighborhood.; Potential for mixed‑use development and recreational amenities.
    3855333
    We can help!
    Listing Contact
    TATIANA MCWILLIAMS
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!