Updated Storefront with Loading
For Sale
$999,999
A-840 N Cloverdale Blvd, Cloverdale, CA 95425
Updated commercial building offers flexible interior space, parking, loading areas, and fenced outdoor space.
Property Size5,600 SF
Lot Size0.32 Acres
Price / SF$178.57
Days on Market227
Property Features for A-840 N Cloverdale Blvd
General Information
Standard status
Active
Size
5,600 SF
Lot size
0.32 Acres
Amenities
gated parking
public parking
loading areas
outdoor space
storage
Building Details
Buildings
1
Listing Agency:
pinnacle realty advisors
(972) 338-5441
Listed By:
Travis Kelly · License #01975450
Source:
Exprealty
Added: Jan 15
Changed: Aug 30
Last Checked: Aug 30 at 1:17AM
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 pinnacle realty advisors
Investment Insights
Based on property information with market context.
This approximately 5,600-square-foot storefront property combines a recently updated building with a mostly flat, usable parcel. Improvements include a newer roof, HVAC system, flooring, and additional interior and exterior upgrades. The property also includes loading areas, storage, outdoor space, and parking divided between gated and public areas.
The approximately 14,000-square-foot fenced site is positioned at the northern end of Cloverdale Boulevard in Cloverdale, California. Road frontage and traffic visibility provide a clear presence along the corridor, while available utility service supports a range of potential commercial uses. The former historic Ice House offers a building and site configuration suitable for owner occupancy, new tenancy, or potential residential development, subject to applicable approvals.
The approximately 14,000-square-foot fenced site is positioned at the northern end of Cloverdale Boulevard in Cloverdale, California. Road frontage and traffic visibility provide a clear presence along the corridor, while available utility service supports a range of potential commercial uses. The former historic Ice House offers a building and site configuration suitable for owner occupancy, new tenancy, or potential residential development, subject to applicable approvals.
Key Highlights
- Approximately 5,600 square feet of updated storefront space
- Approximately 14,000 square foot fenced parcel
- Newer roof, HVAC system, flooring, and other interior and exterior improvements
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,129
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,022,580
$1.0M
Cap Rate 7%
$730,414
$730.4K
Cap Rate 9%
$568,100
$568.1K
Market Conditions
NOI Build-Up for 5,600 SF
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.
Gross rent
$78.6K $14.04/SF
− Vacancy
−$5.6K −$1.00/SF
EGI
$73.0K $13.04/SF
− OpEx
−$21.9K −$3.91/SF
NOI
$51.1K $9.13/SF
Area
Sonoma County, CA
Vacancy
7.10%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,022,580
Cap Rate 7%
$730,414
Cap Rate 9%
$568,100
Alternative Uses
Best Use
Retail
$730.4K
$639.1K – $852.2K
NOI $51,129 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.52M
$1.33M – $1.77M
NOI $106,223 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 95425, CA
11,252
Population
4,600
Households
2.4
Avg Household Size
44
Median Age
32%
College-Educated
84%
High-School Grad
191.8 sq mi
ZIP Area
59
Density / Sq Mi
$107,281
Median Household Income
$52,487
Median Earnings
$1,307
Median Rent
$647,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Updated commercial building offers flexible interior space, parking, loading areas, and fenced outdoor space.
Where is this storefront property located?
The property is located at A-840 N Cloverdale Blvd Cloverdale, CA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Approximately 5,600 square feet of updated storefront space; Approximately 14,000 square foot fenced parcel; Newer roof, HVAC system, flooring, and other interior and exterior improvements
