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    FOR SALE
    Banks

    10 Santa Rosa Ave, Santa Rosa, CA 95404

    31,356 SF 0.72 ac lot Built 1968
    Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US09-0547873
    Property summary
    AI-generated overview

    This exceptional 31,356 square foot, two-story office building presents a rare opportunity in downtown Santa Rosa. Located on a prominent corner lot (31,363 sq ft) at the intersection of Santa Rosa Avenue and 3rd Street, this Class B property boasts a prime location with high visibility and significant daily traffic counts (13,681+ on 3rd Street and 15,431+ on Santa Rosa Avenue). Originally constructed in 1968 for Bank of America, the building has undergone renovations over time. Features include concrete block construction, a concrete slab foundation, glass and steel accents, an open ground floor with a 14-foot clear height, and two elevators. The layout comprises two suites, a central lobby, a common hall, and a mechanical room. The HVAC system is fully operational. Zoned CMU-DSA (Commercial Mixed Use - Downtown Station Area), the property offers a maximum base Floor Area Ratio of 8.0, allowing for a potential project size of approximately 250,000 square feet. This zoning permits a variety of mixed uses, including housing, office, and retail, with added incentives like reduced impact fees and parking requirements. The building's convenient location offers easy access to US Hwy 101 and other major thoroughfares, proximity to the downtown plaza, and walking distance to parking facilities. The property is bordered by the Comstock Mall, a pedestrian thoroughfare, providing convenient utility access. This is a unique investment opportunity in a thriving downtown area experiencing significant revitalization. Asking price: $5,900,000 ($188.16/sq ft).

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1968
    Construction CONCRETE
    Total area 31,356 SF
    Lot 0.72 ac (31,442 SF)
    APN 009-071-020-000
    UPID US09-0547873
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Merrill Lynch Wealth Management Financial Advisor
    • Bank of America ATM Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $9.73M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $9.73M
    Owner & transaction history
    Ssb 10 Santa Rosa Ave LLC · 2 yrs held
    Ssb 10 Santa Rosa Ave LLC
    since 2024
    Last sale
    $9.7M
    5 recorded transactions
    2024
    $5.1M
    2018
    $9.7M
    2018
    2009
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $5.9M +213.1%
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    More about this property
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