Renovated Mixed-Use Commercial
3201 Cleveland Ave. & 799 Piner Rd Santa Rosa, CA 95403
3201 Cleveland Ave. & 799 Piner Rd, Santa Rosa, CA, 95403
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For Sale
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Recently renovated commercial property with retail and office spaces.
Property Size46,000 SF
Price / SF$125
Days on Market743
Property Features for 3201 Cleveland Ave. & 799 Piner Rd
General Information
- Standard status
- Active
- Size
- 46,000 SF
- Property subtype
- Retail, Office, Industrial
Listing Agency
Keegan & Coppin Co. Santa Rosa
(707) 664-1400
Listed by
Rhonda Deringer · License #CA 01206401
Source
Crexi
Added: Jul 5, 2024 Checked: Jul 15 at 8:25 pm
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 Keegan & Coppin Co. Santa Rosa
Investment Insights
Based on property information with market context.
This recently renovated commercial property features a mix of retail spaces and professional office suites. The first floor is occupied by three long-term anchor tenants. The second floor, accessible by elevator and stairway, includes recently updated small office suites, a common kitchen, restrooms, conference rooms, and a lobby. There is additional opportunity for value-add in the unfinished second-floor retail, office, and flex spaces. The property has a total size of 46000 square feet.
Key Highlights
- Recently renovated, state‑of‑the‑art commercial property.
- Blend of highly visible retail spaces and professional office suites.
- First floor houses three esteemed long term anchor tenants.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $910.8k | $19.80 |
| − Vacancy | −$71.0k | −$1.54 |
| EGI | $839.8k | $18.26 |
| − OpEx | −$314.9k | −$6.85 |
| NOI | $524.8k | $11.41 |
46,000 SF · lease $19.80/SF/yr · vacancy 7.80% · expense 37.50%
Alternative Uses
Best Use
Office B
$9.28M
$8.12M – $10.82M
NOI $649,483 @ 7.0% cap · market cap 11.30%
Second Best
Mixed Use
$7.50M
$6.56M – $8.75M
NOI $524,849 @ 7.0% cap · market cap 9.13%
Theoretical Best
Multifamily LT 5
$12.78M
$11.18M – $14.91M
NOI $894,613 @ 7.0% cap · market cap 15.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Recently renovated commercial property with retail and office spaces.
Where is this mixed-use property located?
The property is located at 3201 Cleveland Ave. & 799 Piner Rd Santa Rosa, CA.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: Recently renovated, state‑of‑the‑art commercial property.; Blend of highly visible retail spaces and professional office suites.; First floor houses three esteemed long term anchor tenants.
