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Property profile & analytics
FOR SALE
Warehouses
2049 W Steele Ln Santa Rosa, CA 95403
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0547893
For Sale
1 / 28
$5,045,000
2049 W Steele Ln, Santa Rosa, CA 95403
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Construction
TILT-UP CONCRETE
Total area
19,200 SF
Lot
2.37 ac (103,237 SF)
APN
041-021-054-000
UPID
US09-0547893
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.20M
CAP Approach
CAP
$3.70M
Comparable Approach
Comparable
$4.84M
Blend (final)
Blend
$5.05M
Owner & transaction history
Capra Ca Properties LLC · 4 yrs held
Capra Ca Properties LLC
since 2022
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.1M
+99.9%
Office building
$6.9M
+94.6%
Auto repair, garage
$5.5M
+56.8%
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 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
$4,525,000
ML approach
$5,200,000
CAP Approach
CAP Return
Estimation
6%
$4,005,000
6.5%
$3,700,000
7%
$3,435,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,530,000
Current use
MEDICAL BUILDING
$7,055,000
Change: +100% · Conversion: Difficult
OFFICE BUILDING
$6,865,000
Change: +95% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,535,000
Change: +57% · Conversion: Easy
RETAIL STORES
$5,335,000
Change: +51% · Conversion: Moderate
RESTAURANT
$5,265,000
Change: +49% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,205,000
Change: +48% · Conversion: Difficult
Blend value · Realmo final
$5.05M
Range $4.54M – $5.55M · ±10% · vs last sale $6.00M (Jun 7 2022)
Last sale anchor
$6.00M
Jun 7 2022
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
$263 / 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
$52,693
Tax year 2024
Assessed value
$4,457,073
Assessed 2024
Previous assessed
$4,457,073
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,326,510
Assessed improvement
$3,130,563
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1972
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
YES
Stories
2
Total area
19,200 SF
Lot
2.37 ac (103,237 SF)
APN
041-021-054-000
UPID
US09-0547893
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
WAREHOUSE, STORAGE Current
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$7.1M
OFFICE BUILDING
Est. value
$6.9M
AUTO REPAIR, GARAGE
Est. value
$5.5M
RETAIL STORES
Est. value
$5.3M
RESTAURANT
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$5.2M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
COMMERCIAL (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
1972
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
2.37 ac
Current owner
From public records · entity-resolved
Capra Ca Properties LLC
Entity
Mailing address
495 MARIPOSA DR, VENTURA, CA 93001-2230
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2022
—
Capra Ca Properties LLC
John Capra
Intrafamily Transfer
related
—
Apr 20, 2021
$6,000,000
John Paul Dejoria
Mp Real Estate LLC
Grant Deed
—
Apr 1, 2020
—
Mp Real Estate LLC
—
Deed
related
$2,100,000 · Wyoming Invs LLC
Aug 3, 2018
$3,850,000
Mp Real Estate LLC
Steele Park LLC
Grant Deed
—
Jan 30, 2017
$4,250,000
Steele Park LLC
2049 West Steel Lane LLC
Grant Deed
—
Jan 30, 2017
—
Mel Arnerich
Arnerich,alice
Quit Claim Deed
related
—
Dec 27, 2016
—
2049 West Steel Lane LLC
2049 West Steel Lane LLC
Quit Claim Deed
related
—
Mar 27, 2008
$2,350,000
2049 West Steel Lane LLC
Lasker,frederick & Elizabeth
Grant Deed
$1,785,000 · Bank Of Marin
—
—
Mp Real Estate LLC
—
Deed Of Trust
related
$2,100,000 · Wyoming Invs LLC
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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