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Property profile & analytics
OFF-MARKET
Estimated value
$13,275,000
Retail space
2222 Cleveland Ave Santa Rosa, CA 95403-2906
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3014220
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1963
Construction
TILT-UP CONCRETE
Total area
50,520 SF
Lot
3.73 ac (162,478 SF)
APN
015-471-038-000
UPID
US10-3014220
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
-
Staples Travel Services (Bike/Boat/Book/etc) Store
-
UPS Alliance Shipping Partner Courier Service Postal Service
-
Staples (Bike/Boat/Book/etc) Store
-
Staples Print & Marketing Services (Bike/Boat/Book/etc) Store Printing Service
-
Amazon Locker - Kenyon Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.28M
CAP Approach
CAP
$8.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.28M
Owner & transaction history
Cleveland Ave Partners LLC · 2 yrs held
Cleveland Ave Partners LLC
since 2024
Last sale
$13.3M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$18.6M
+32.2%
Office building
$18.1M
+28.7%
Auto repair, garage
$14.6M
+3.7%
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
$13,275,000
ML approach
$13,275,000
CAP Approach
CAP Return
Estimation
6%
$9,170,000
6.5%
$8,465,000
7%
$7,860,000
Alternative Use
Use
Estimation
RETAIL STORES
$14,035,000
Current use
MEDICAL BUILDING
$18,560,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$18,065,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$14,560,000
Change: +4% · Conversion: Difficult
RESTAURANT
$13,860,000
Change: -1% · Conversion: Easy
COMMERCIAL (GENERAL)
$13,700,000
Change: -2% · Conversion: Easy
INDUSTRIAL (GENERAL)
$12,760,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$13.28M
Range $11.95M – $14.60M · ±10% · vs last sale $13.28M (Feb 21 2024)
Last sale anchor
$13.28M
Feb 21 2024
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
$209,599
Tax year 2024
Assessed value
$18,266,620
Assessed 2024
Previous assessed
$18,266,620
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$3,653,323
Assessed improvement
$14,613,297
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1963
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
50,520 SF
Lot
3.73 ac (162,478 SF)
APN
015-471-038-000
UPID
US10-3014220
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
RETAIL STORES Current
Est. value
$14.0M
MEDICAL BUILDING
Est. value
$18.6M
OFFICE BUILDING
Est. value
$18.1M
AUTO REPAIR, GARAGE
Est. value
$14.6M
RESTAURANT
Est. value
$13.9M
COMMERCIAL (GENERAL)
Est. value
$13.7M
INDUSTRIAL (GENERAL)
Est. value
$12.8M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1963
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
3.73 ac
Current owner
From public records · entity-resolved
Cleveland Ave Partners LLC
Entity
Mailing address
1330 SAINT MARYS ST STE #350, RALEIGH, NC 27605-3246
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Feb 21, 2024
$13,276,290
Cleveland Ave Partners LLC
Josh Jensen Property LLC
Grant Deed
$7,535,000 · Wilmington Trust NA
Dec 15, 2017
$16,375,000
Josh Jensen Property LLC
Prism Santa Rosa LP
Grant Deed
$7,535,000 · Barclays Bk/plc
Mar 3, 2006
—
Prism Santa Rosa
Northern Ca Laborers Ptf LLC
Grant Deed
—
May 19, 2000
—
California Laborers Northern
Bny Western Trust Co
Grant Deed
related
—
Jan 15, 1999
—
Lloyds Bank Ca Ttee
Bank Of America Ttee
Quit Claim Deed
related
—
—
—
Prism Santa Rosa
—
Deed Of Trust
related
$11,000,000 · New York Life Insurance
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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