Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1840 Salem Ave Santa Rosa, CA 95401-3656

    • Apartment buildings
    • 2,616 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    $615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0208832
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1840 Salem Ave

    Year built
    1977
    Construction
    WOOD
    Lot size
    0.34 lot acres
    Property size
    2,616 SF
    Zone code
    R4
    Property type
    Apartment buildings
    APN
    180-310-010-000
    APU
    180310010000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $760,000
      6.5%
      $705,000
      7%
      $655,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $960,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Santa Rosa
    County
    Sonoma
    State
    California
    Longitude
    -122.718
    Latitude
    38.4583
    CBSA code
    42220
    CBSA name
    SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $13,175
    $430,994
    $704,988
    $1,135,982
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5.77 Acres

      450 Stony Pt Rd

      APARTMENT HOUSE (100+ UNITS) • 5.77 Acres
      450 Stony Pt Rd, Santa Rosa, CA 95401-8400
      View Details
    • Value Estimation
      $2,225,000
      16,828 SF

      1814 Dutton Ave

      APARTMENT HOUSE (100+ UNITS) • 16,828 SF
      1814 Dutton Ave, Santa Rosa, CA 95401-4654
      View Details
    • Value Estimation
      $1,760,000
      9,648 SF

      2001 Range Ave

      APARTMENT HOUSE (100+ UNITS) • 9,648 SF
      2001 Range Ave, Santa Rosa, CA 95401-7001
      View Details
    • Value Estimation
      $6,605,000
      21,664 SF

      1300 Range Ave

      APARTMENT HOUSE (100+ UNITS) • 21,664 SF
      1300 Range Ave, Santa Rosa, CA 95401
      View Details
    • Value Estimation
      $8,015,000
      51,326 SF

      2594 Guerneville Rd

      APARTMENT HOUSE (100+ UNITS) • 51,326 SF
      2594 Guerneville Rd, Santa Rosa, CA 95401
      View Details
    • Value Estimation
      $805,000
      5,999 SF

      625 B St

      APARTMENT HOUSE (100+ UNITS) • 5,999 SF
      625 B St, Santa Rosa, CA 95401-5101
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,208 SF

      Victorian Residence in City Center

      Remodeled Victorian with flexible living spaces and investment potential.
      432-434 8Th St, Santa Rosa, CA 95401
      View Details
    • $729,000
      3,333 SF

      Santa Rosa Office Building For Sale

      Prime location office building near downtown Santa Rosa.
      451 College Ave, Santa Rosa, CA 95401
      View Details
    • $4,950,000
      26,336 SF

      Santa Rosa Office Building Opportunity

      Centrally located, remodeled office building with owner-user potential.
      1330 N Dutton Ave, Santa Rosa, CA 95401
      View Details
    • $350,000
      1,771 SF

      Retail/Office Space with Highway Exposure

      Retail or office space with potential for live/work use.
      2100 Armory Dr, Santa Rosa, CA 95401
      View Details
    • Contact for pricing

      Prime Retail Frontage Land

      High-visibility land suitable for various commercial uses.
      Mendocino Ave, Santa Rosa, CA 95401
      View Details
    • Contact for pricing
      4,400 SF

      Renovated Office with Development Potential

      Recently renovated office building with development potential in Santa Rosa.
      448 Sebastopol Ave, Santa Rosa, CA 95401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,450 SF

      Santa Rosa Office Space Available

      Ground floor office suite in central Santa Rosa location.
      420 Tesconi Cir, Santa Rosa, CA 95401
      View Details
    • Contact for pricing

      Versatile Workspace Solutions Available

      Flexible office spaces, coworking, meeting rooms, and virtual office options.
      131 Stony Cir, Santa Rosa, CA 95401
      View Details
    • $1.05 SF/Yr

      Regional Mall Anchor Space Available

      Anchor space in Santa Rosa's only enclosed regional mall.
      600 Santa Rosa Plz, Santa Rosa, CA 95401
      View Details
    • Contact for pricing
      16,386 SF

      Mendocino Avenue Office Space

      Office suites available in prime Santa Rosa location.
      520 Mendocino Ave, Santa Rosa, CA 95401
      View Details
    • Contact for pricing

      CA, Santa Rosa - Stony Circle

      Workspaces, services and support to help you work better in CA, Santa Rosa - Stony Circle
      131 Stony Cir, Santa Rosa, CA 95401
      View Details
    • Contact for pricing

      Retail Space in Santa Rosa

      Retail spaces for lease in a renovated Santa Rosa center.
      1250 Coddingtown Ctr, Santa Rosa, CA 95401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1840 Salem Ave
    Santa Rosa, CA 95401-3656
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!