Property profile

1241 Grove St Healdsburg, CA 95448

FOR SALE
Office buildings
Property ID
US09-3081481
1,695 SF 0.34 ac lot Built 1955
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This well-maintained mixed-use building at 1241 Grove Street, Healdsburg, CA, presents a unique investment opportunity. The 0.32-acre property, conveniently located just south of the intersection of Dry Creek Road and Grove Street, offers easy access to Highway 101. Originally converted to office space in 2008, the building boasts 13 onsite parking spaces and an ADA-compliant ramp, ensuring accessibility for all. The property features central HVAC for climate control and includes additional outbuildings, expanding its potential uses. The Dry Creek Inn is directly adjacent to the north property line. The asking price is $1,400,000, and owner financing may be available. A lease with an option to buy may also be considered, making this an attractive proposition for both investors and owner-users seeking a strategic location in the thriving Healdsburg market. The property's prime location and versatile features make it an ideal investment for a variety of businesses. Its proximity to Highway 101 ensures excellent connectivity and accessibility for employees and clients alike. The ample parking and ADA compliance further enhance its appeal. Consider the possibilities this exceptional Healdsburg property offers.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1955
Construction WOOD
Total area 1,695 SF
Lot 0.34 ac (14,716 SF)
APN 089-081-026-000
UPID US09-3081481

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1241 Grove St Healdsburg, CA 95448
Healdsburg metro Census 153902 SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
$395k
Comparable Approach Comparable
$515k
Blend (final) Blend
$350k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2013
Price N/A
2006
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $655,000 +17.1%
Medical building $625,000 +11.7%
Retail stores $570,000 +2.0%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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