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Property profile & analytics
FOR SALE
Manufacturing properties
205 Concourse Blvd Santa Rosa, CA 95403
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2007997
For Sale
1 / 12
$21,685,000
205 Concourse Blvd, Santa Rosa, CA 95403
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1991
Construction
TILT-UP CONCRETE
Total area
93,886 SF
Lot
5.4 ac (235,224 SF)
APN
059-350-049-000
UPID
US09-2007997
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
-
Lady La Femme Brewery & Distillery Specialty Food Shop
-
Vintage Wine Estates Brewery & Distillery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.21M
Comparable Approach
Comparable
$20.81M
Blend (final)
Blend
$21.69M
Owner & transaction history
Lowenberg Associates LP · 5 yrs held
Lowenberg Associates LP
since 2020
Last sale
$21.8M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$34.5M
+45.5%
Office building
$33.6M
+41.6%
Auto repair, garage
$27.1M
+14.1%
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
$22,430,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,480,000
6.5%
$15,210,000
7%
$14,125,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$23,710,000
Current use
MEDICAL BUILDING
$34,495,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$33,570,000
Change: +42% · Conversion: Difficult
AUTO REPAIR, GARAGE
$27,055,000
Change: +14% · Conversion: Easy
RETAIL STORES
$26,085,000
Change: +10% · Conversion: Moderate
RESTAURANT
$25,755,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$25,460,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$21.69M
Range $19.52M – $23.85M · ±10% · vs last sale $21.75M (Sep 22 2020)
Last sale anchor
$21.75M
Sep 22 2020
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
$231 / 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
$297,236
Tax year 2024
Assessed value
$23,081,274
Assessed 2024
Previous assessed
$23,081,274
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$5,836,644
Assessed improvement
$17,244,630
Applied tax rate
120.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1991
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
YES
Stories
2
Total area
93,886 SF
Lot
5.4 ac (235,224 SF)
APN
059-350-049-000
UPID
US09-2007997
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
INDUSTRIAL (GENERAL) Current
Est. value
$23.7M
MEDICAL BUILDING
Est. value
$34.5M
OFFICE BUILDING
Est. value
$33.6M
AUTO REPAIR, GARAGE
Est. value
$27.1M
RETAIL STORES
Est. value
$26.1M
RESTAURANT
Est. value
$25.8M
COMMERCIAL (GENERAL)
Est. value
$25.5M
INDUSTRIAL (GENERAL) 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
1991
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
5.4 ac
Current owner
From public records · entity-resolved
Lowenberg Associates LP
Entity
Mailing address
235 MONTGOMERY ST STE #800, SAN FRANCISCO, CA 94104-2911
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2020
$21,750,000
Lowenberg Associates LP
Concourse Warehouse LLC
Grant Deed
$14,257,000 · Wells Fargo Bank NA
Apr 2, 2015
—
Concourse Warehouse LLC
Concourse Warehouse LLC
Grant Deed
related
$6,450,000 · Wells Fargo Bank NA
Nov 30, 2007
—
Zr Mesa Warehouse LLC
Liquid Investments INC
Grant Deed
$7,490,000 · Wells Fargo Bank NA
Sep 18, 1991
—
Liquid Investmen
—
Grant Deed
related
$3,425,000 · Bank Of California
—
—
Liquid Investments INC
—
Deed Of Trust
related
$2,220,000 · Union Bank Of California
—
—
Liquid Investments INC
—
Deed Of Trust
related
$4,700,000 · Union Bank Of California
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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