Renovated Mixed-Use Commercial
For Sale
Contact for pricing
3201 Cleveland Ave. & 799 Piner Rd, Santa Rosa, CA 95403
Recently renovated commercial property with retail and office spaces.
Property Size46,000 SF
Price / SF$125
Days on Market833
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Property Features for 3201 Cleveland Ave. & 799 Piner Rd
General Information
Standard status
Active
Size
46,000 SF
Total Parking Spaces
70
Property subtype
Retail, Office, Industrial
Zoning
CG – General Commercial District
Lease Type
NNN
Net Operating Income
$288,332
Building Details
Year Built
1967
Year Renovated
2019
Stories
2
Tenancy
Multi
Listing Agency:
Keegan & Coppin Co. Santa Rosa
Listed By:
Rhonda Deringer · License #CA 01206401
(707) 528-1400
Source:
Crexi
Added: Jul 5, 2024
Changed: Oct 14
Last Checked: Oct 14 at 8:40PM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$524,849
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,496,980
$10.5M
Cap Rate 7%
$7,497,843
$7.5M
Cap Rate 9%
$5,831,656
$5.8M
Market Conditions
NOI Build-Up for 46,000 SF
Gross rent
$910.8K $19.80/SF
− Vacancy
−$71.0K −$1.54/SF
EGI
$839.8K $18.26/SF
− OpEx
−$314.9K −$6.85/SF
NOI
$524.8K $11.41/SF
Area
Santa Rosa, CA
Vacancy
7.80%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,496,980
Cap Rate 7%
$7,497,843
Cap Rate 9%
$5,831,656
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 authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
17
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
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.
