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10 Santa Rosa Ave Santa Rosa, CA 95404

Banks Google Maps
31,356 SF 0.72 ac lot Built 1968
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$9.73M
Range $8.75M – $10.70M (±10%)
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

Current use

Occupant on record · Public records
  • Financial Advisor
  • 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

since 2024
Last sale
$9.7M
5 recorded transactions
2024
$5.1M
2018
$9.7M
2018
Price N/A
2009
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $5.9M +213.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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