4019 Sebastopol Rd San Ramon, CA 94583
Exceptional investment opportunity: $2.5M asking price for 174,240 sq ft of commercial land in Santa Rosa, CA (APN: 035-063-006-000). This level lot is zoned CG/R18 and offers immediate income from existing leases totaling $153,600 annually. Currently improved with four buildings (over 15,000 sq ft) housing a mix of warehouse, retail, and residential space (used as office), fully leased to three tenants. Parker Automotive holds a 5-year lease with annual rent increases and a lessor termination clause. Community Bikes (tenant since 2008) and Franks Towing (tenant since 2023) are on month-to-month agreements. Recent renovations exceeding $150,000 addressed deferred maintenance, including electrical, plumbing, well, and septic systems. The property's location is ideal for various development projects, including affordable or market-rate housing, student housing, or small retail, with potential for a 29-lot subdivision. Lease options include a 1 x 5 year extension. Parking is provided at a rate of 70 spaces per 1,000 sq ft. This property presents a unique blend of immediate income and significant long-term development potential in a prime Santa Rosa location. The land value is $14.35/SF.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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