Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,970,000
Office buildings
11 5th St Petaluma, CA 94952-3096
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1267607
Property summary
AI-generated overview
This 20,584 square foot, Class B office building located at 11 5th St, Petaluma, CA 94952, offers 9 available suites ranging from 250 to 2,500 contiguous square feet. The building, constructed in 1911 and situated in the MU2 zoned area of Sonoma County, features 14 total suites across two stories. Currently, 3,500 square feet of space is vacant. Amenities include 35 total parking spaces and elevators. The property is conveniently located in downtown Petaluma, offering easy access to dining, shopping, and entertainment. The minimum divisible space is 250 square feet, ideal for smaller businesses or individual professionals. Larger tenants can occupy up to 2,500 contiguous square feet. This location provides a blend of historic charm and modern convenience, making it an attractive option for a variety of businesses. The building's address is 11 5th St, with a cross street of B Street, and its APN is 008052001000. The property is part of the Petaluma submarket.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1911
Construction
TILT-UP CONCRETE
Total area
20,584 SF
Lot
0.86 ac (37,500 SF)
APN
008-052-001-000
UPID
US09-1267607
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
-
Michael Waterman- Mortgage Broker Loan Service Bank
-
Elzi Chris P Law Firm
-
Gina Rae Klump Law Offices Law Firm
-
Delphi Advisors Real Estate Agency
-
Oehm Automation LLC Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.77M
Comparable Approach
Comparable
$4.40M
Blend (final)
Blend
$3.97M
Owner & transaction history
Klype LLC · 10 yrs held
Klype LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.5M
+10.9%
Retail stores
$6.0M
+2.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Petaluma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Petaluma submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,165,000
6.5%
$4,770,000
7%
$4,430,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,865,000
Current use
AUTO REPAIR, GARAGE
$6,505,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$6,030,000
Change: +3% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$5,740,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$3.97M
Range $3.57M – $4.37M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$193 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$37,241
Tax year 2024
Assessed value
$3,455,018
Assessed 2024
Previous assessed
$3,455,018
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$967,151
Assessed improvement
$2,487,867
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1911
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
20,584 SF
Lot
0.86 ac (37,500 SF)
APN
008-052-001-000
UPID
US09-1267607
Jurisdiction
SONOMA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.9M
AUTO REPAIR, GARAGE
Est. value
$6.5M
RETAIL STORES
Est. value
$6.0M
INDUSTRIAL (GENERAL)
Est. value
$5.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1911
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
Klype LLC
Entity
Mailing address
1101 COLLEGE AVE STE #140, SANTA ROSA, CA 95404-3966
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2022
—
Klype LLC
—
Deed
related
$4,500,000 · Americas Christian Cu
Jul 1, 2016
$2,950,000
Klype LLC
Westamerica Bank
Grant Deed
$2,065,000 · Exchange Bank
Dec 5, 2013
$2,600,000
Westamerica Bk
Mortgage Lender Services INC
Trustees Deed
related
—
May 12, 2005
—
Miller Robert B & B E Trust
—
Deed Of Trust
related
$2,000,000 · Tamalpais Bank
Sep 19, 2003
—
Miller,tr
Miller,robert B
Quit Claim Deed
related
$2,762,000 · National Bank The Redwoods
Apr 11, 2001
—
Robert B Miller
Akhavan,siamak
Grant Deed
related
—
Nov 30, 1998
—
Siamak Akhavan
Petaluma City Elementary Sch
Grant Deed
related
—
—
—
Robert B Miller
—
Deed Of Trust
related
$400,000 · First American Title Co
—
—
Miller Robert B & B E Trust
—
Deed Of Trust
related
$500,000 · Tamalpais Bank
—
—
Miller R B & B E Living Trust
—
Deed Of Trust
related
$660,000 · Westamerica Bank
—
—
Robert B Miller
—
Deed Of Trust
related
$700,000 · First American Title Co
—
—
Robert B Miller
—
Deed Of Trust
related
$2,518,414 · Tamalpais Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 11 5th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
