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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Strip malls
2460 3rd St Santa Rosa, CA 95401-6409
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-1466452
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
WOOD
Total area
27,560 SF
Lot
1.49 ac (64,904 SF)
APN
035-500-031-000
UPID
US09-1466452
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
-
Emily Morrison Marriage and Family Therapist Psychotherapist
-
Michael Henry, MFT Marriage Or Relationship Counselor
-
Julie Green, MS MFT Licensed Marriage and Family Therapist Physician
-
Farmers Insurance - Eric Tyler Insurance Agency
-
Law Office of Stanley J. Greenberg Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$521k
Blend (final)
Blend
$525k
Owner & transaction history
Gregory Lucas · 7 yrs held
Gregory Lucas
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$805,000
Current use
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
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
$19 / 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
$38,022
Tax year 2024
Assessed value
$3,185,916
Assessed 2024
Previous assessed
$3,185,916
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,934,306
Assessed improvement
$1,251,610
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
CENTRAL
Cooling
YES
Stories
2
Total area
27,560 SF
Lot
1.49 ac (64,904 SF)
APN
035-500-031-000
UPID
US09-1466452
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$805,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
1985
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1.49 ac
Current owner
From public records · entity-resolved
Gregory Lucas
Individual
Mailing address
PO BOX 6651, SANTA ROSA, CA 95406-0651
Ownership since
2019
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
Sep 21, 2022
—
Gregory Lucas
—
Deed
related
$3,860,000 · Five Star Bank
Jun 26, 2020
—
Gregory Lucas
—
Deed
related
$1,500,000 · Five Star Bank
Jan 18, 2019
—
Gregory Lucas
Gregory Lucas
Intrafamily Transfer
related
$345,000 · Five Star Bank
Jun 1, 2017
$2,800,000
Lucas,gregory Trust
Big Oak Plaza LLC
Grant Deed
$2,800,000 · Big Oak Plaza LLC
May 17, 2017
—
Big Oak Plaza LLC
Dallman David Trust 2016
Quit Claim Deed
—
May 15, 2017
—
Dallman,david 2016 Trust
Dallman,david
Quit Claim Deed
related
—
Nov 14, 2016
—
David Dallman
Dillman V JR Family Trust
Grant Deed
—
Nov 15, 1994
$1,350,000
Dallman Trust
Calfed Investment Corp
Grant Deed
$1,075,000 · California Federal Bank
Jun 8, 1994
$1,164,052
Calfed Inv Corp
Mok,siu L & Suet
Trustees Deed
—
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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