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    3005 Wiljan Ct Santa Rosa, CA 95407

    Sponsored
    For Sale
    $6,250,000

    27,827 SF Manufacturing Facility, 8.81% Cap Rate

    Property size:
    27,827 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Santa Rosa industrial property, located at 3005 Wiljan Ct, offers a compelling investment opportunity. The 27,827-square-foot building sits on a 1.28-acre lot and features a single, 1994-built structure with five units. Currently operating under a net lease with one tenant, the property boasts a strong 8.81% cap rate, generating a net operating income (NOI) of $550,332. The pro-forma NOI is projected at $757,818, reflecting a potential 12.13% pro-forma cap rate. The asking price is $6,250,000, translating to $224.60 per square foot and $1,250,000 per unit. The property includes five loading docks, an 18-foot clear ceiling height, and ample parking. Currently, 60% of the space is occupied, with the occupancy date for the remaining space set for June 27, 2024. The existing tenant is a well-established cannabis manufacturer. The vacant 11,527 square foot unit has city approval for a cannabis micro-business, presenting an opportunity for increased income through leasing or owner-occupancy. The property's strong existing tenant and potential for future growth make it an attractive investment for both owner-users and investors seeking high returns. The property's features include 1,000 AMPs (buyer to verify). The property's APN is 043-220-006 and is located in Sonoma County, CA, zip code 95407.

    Property Features for 3005 Wiljan Ct

    General Information

    Property type
    Manufacturing properties
    Square Feet
    27,827 SF
    Lot Size
    55,757 SF

    Building Details

    Year Built
    1994
    Buildings
    1
    Units
    5

    HighLights

    • Strong existing multi‑state cannabis operator tenant provides secure income stream.
    • Owner‑occupant potential with 11,527 SF vacant unit, maintaining an 8% CAP rate.
    • Lease to new tenant potential for CAP rates up to 11.38% based on $6,250,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Level Manufacturer Duracite - Santa Rosa ... Countertop Store

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Rosa
    County
    Sonoma
    State
    California
    Longitude
    -122.7205328
    Latitude
    38.404262

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    FAQs

    What type of property is this?
    Manufacturing property - 27,827 SF Manufacturing Facility, 8.81% Cap Rate
    Where is this manufacturing property located?
    The property is located at 3005 Wiljan Ct Santa Rosa, CA.
    What is the asking price?
    The asking price for this property is $6,250,000.
    What are key features of this property?
    This property features: Strong existing multi-state cannabis operator tenant provides secure income stream.; Owner-occupant potential with 11,527 SF vacant unit, maintaining an 8% CAP rate.; Lease to new tenant potential for CAP rates up to 11.38% based on $6,250,000 asking price.
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    Realmo Value Estimation

    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.

    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.

    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
    3005 Wiljan Ct Santa Rosa, CA 95407
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