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    2000 Lakeville Hwy Petaluma, CA 94954-6710
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    Property profile & analytics

    2000 Lakeville Hwy, Petaluma, CA 94954-6710

    View on Map
    • Retail space
    • 35,724 SF
    • 2.09 lot acres
    Off-Market
    Property ID
    US09-1682900
    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.
    Value Estimations
    $4,450,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • TNT Fireworks / Department Store
    • Curves / Gym & Fitness Center
    • Petaluma French Cleaners / (Bike/Boat/Book/etc) Store
    • Best In Show Mobile Pet Grooming / Pet Grooming Service
    • 7-Eleven / Grocery & Convenience Store

    Property Details for 2000 Lakeville Hwy

    Year built
    1987
    Construction
    TILT-UP CONCRETE
    Lot size
    2.09 lot acres
    Property type
    Retail space
    APN
    005-050-026-000
    APU
    5050026000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 8, 2020 $6,350,000 Pollak Family Trust Robert J Mengarelli Grant Deed —
    Nov 17, 2014 — The Robert & Joan Mangarelli Revoca Robert J Mengarelli Intrafamily Transfer · related $5.1M · First Bank
    Oct 14, 2014 $6,300,000 Mengarelli,robert & Joan Trust 2000 Lakeville Highway LP Grant Deed —
    Sep 19, 2013 — Stark Family Investments LLC Stark Trust Quit Claim Deed · related —
    Aug 15, 2013 $5,300,000 Michael O Stark Lakeville Retail Group LLC Grant Deed $3.1M · Wells Fargo Bank NA
    Oct 31, 2011 $3,371,500 Lakeville Retail Group LLC Headley Properties LLC Grant Deed $3M · North Coast Bank
    Mar 15, 2011 — Headley Properties LLC Home Depot USA INC Quit Claim Deed · related —
    Dec 28, 2001 — Headley Properties LLC Headley Trust Quit Claim Deed · related —
    Nov 15, 1995 — John M Headley Ttee John M Headley Ttee Quit Claim Deed · related $3.9M · Wells Fargo Bank
    — — Headley Properties LLC — Deed Of Trust · related $3M · Wells Fargo Bank
    — — Headley John M — Deed Of Trust · related $175k · Wells Fargo Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,435,000
      6.5%
      $5,020,000
      7%
      $4,660,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Petaluma
    County
    Sonoma
    State
    California
    Longitude
    -122.612
    Latitude
    38.2325
    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
    $74,550
    $1,292,002
    $5,446,784
    $6,738,786
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $790,000
      2,970 SF

      2000 Lakeville Hwy Ste G

      RETAIL STORES (PERSONAL SERVICES)
      2000 Lakeville Hwy Ste G, Petaluma, CA 94954-6711
      View Details
    • Value Estimation
      $3,670,000
      24,132 SF

      1359 Mcdowell Blvd

      RETAIL STORES (PERSONAL SERVICES)
      1359 Mcdowell Blvd, Petaluma, CA 94954-1114
      View Details
    • Value Estimation by Request
      1.03 Acres

      203 Mcdowell Blvd

      RETAIL STORES (PERSONAL SERVICES)
      203 Mcdowell Blvd, Petaluma, CA 94954-3505
      View Details
    • Value Estimation by Request
      24,349 SF

      207 Mcdowell Blvd

      RETAIL STORES (PERSONAL SERVICES)
      207 Mcdowell Blvd, Petaluma, CA 94954-3505
      View Details
    • Value Estimation
      $950,000
      9,782 SF

      840 Perry Ln

      RETAIL STORES (PERSONAL SERVICES)
      840 Perry Ln, Petaluma, CA 94954-5320
      View Details
    • Value Estimation
      $1,480,000
      16,840 SF

      1355 Mcdowell Blvd

      RETAIL STORES (PERSONAL SERVICES)
      1355 Mcdowell Blvd, Petaluma, CA 94954-1114
      View Details

    Similar Nearby for Sale

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      Professional Office Space in Petaluma

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      1,400 SF

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      Turnkey medical office space near Petaluma Valley Hospital.
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      Petaluma Manufacturing/Warehouse Opportunity

      43,439 SF property suitable for manufacturing, R&D, warehouse, and more.
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    • New
      $199,000
      1,344 SF

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      Income-generating home located within a residential park setting with straightforward guest parking access.
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    Similar Nearby for Lease

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      1,182 SF

      Retail Space in Plaza North

      Retail space available in a busy Petaluma shopping center.
      231 N Mcdowell Blvd, Petaluma, CA 94954
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    • $1.24 SF/Yr
      1,872 SF

      Petaluma Retail Space For Lease

      Newer construction retail space with high visibility and traffic.
      2620 Lakeville Hwy, Petaluma, CA 94954
      View Details
    • Contact for pricing
      3,037 SF

      Retail Space in Plaza North

      Retail space available in a busy Petaluma shopping center.
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    • Contact for pricing
      1,792 SF

      Retail Space in Plaza North

      Retail space available in a busy Petaluma shopping center.
      271-299 N Mcdowell Blvd, Petaluma, CA 94954
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      1,039 SF

      Retail Space in Plaza North

      Retail space available in a busy Petaluma shopping center.
      201-205 N Mcdowell Blvd, Petaluma, CA 94954
      View Details
    • Contact for pricing
      1,381 SF

      Retail Space in Plaza North

      Retail space available in a busy Petaluma shopping center.
      241-259 N Mcdowell Blvd, Petaluma, CA 94954
      View Details
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    Petaluma, CA 94954-6710
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    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
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