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Property profile & analytics
OFF-MARKET
Estimated value
$4,160,000
Office buildings
1500 Farmers Ln Santa Rosa, CA 95405-7526
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2756590
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1980
Construction
WOOD
Total area
17,176 SF
Lot
1.74 ac (75,794 SF)
APN
014-424-008-000
UPID
US09-2756590
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
-
Quest Forward High School Santa Rosa High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.98M
Comparable Approach
Comparable
$4.18M
Blend (final)
Blend
$4.16M
Owner & transaction history
Sonoma Boulevard Prop LLC · 8 yrs held
Sonoma Boulevard Prop LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.3M
+92.1%
Auto repair, garage
$5.0M
+50.7%
Retail stores
$4.8M
+45.3%
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 Santa Rosa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Rosa 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%
$4,310,000
6.5%
$3,980,000
7%
$3,695,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,285,000
Current use
MEDICAL BUILDING
$6,310,000
Change: +92% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,950,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$4,770,000
Change: +45% · Conversion: Moderate
RESTAURANT
$4,710,000
Change: +43% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,660,000
Change: +42% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,845,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$4.16M
Range $3.74M – $4.58M · ±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
$242 / 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
$60,710
Tax year 2024
Assessed value
$5,229,813
Assessed 2024
Previous assessed
$5,229,813
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,533,837
Assessed improvement
$3,695,976
Applied tax rate
4.0000
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
1980
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
3
Units
1
Total area
17,176 SF
Lot
1.74 ac (75,794 SF)
APN
014-424-008-000
UPID
US09-2756590
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
$3.3M
MEDICAL BUILDING
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$5.0M
RETAIL STORES
Est. value
$4.8M
RESTAURANT
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$4.7M
INDUSTRIAL (GENERAL)
Est. value
$3.8M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
COMMERCIAL (GENERAL)
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
1980
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
3
Units
1
Lot
1.74 ac
Current owner
From public records · entity-resolved
Sonoma Boulevard Prop LLC
Entity
Mailing address
2115 SHATTUCK AVE, BERKELEY, CA 94704-1208
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2024
—
Sonoma Boulevard Properties LLC
—
Deed
related
$2,460,000 · Savings Bank Of Mendocino County
Apr 30, 2018
—
Sonoma Boulvd Propeerties LLC
—
Deed
related
$3,066,000 · Summit State Bank
Feb 8, 2018
$4,600,000
Sonoma Boulevard Prop LLC
Ae Three LLC
Grant Deed
—
Jun 30, 2017
—
Ae Three LLC
—
Deed
related
$400,000 · Friedman Joseph Living Tr(rt
Dec 31, 2013
—
Ae Three LLC
California State Automobile As
Grant Deed
—
Jan 14, 2011
$2,455,500
California State Automobile As
California State Automobile As
Grant Deed
—
—
—
Ae Three LLC
—
Deed Of Trust
related
$900,000 · Skycrest Properties LP
—
—
Ae Three LLC
—
Deed Of Trust
related
$400,000 · Friedman Joseph Living Tr(rt
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
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