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Property profile & analytics
OFF-MARKET
Estimated value
$4,240,000
Retail space
2500 Mendocino Ave Santa Rosa, CA 95403-4801
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0068325
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
2005
Total area
6,137 SF
Lot
0.63 ac (27,540 SF)
APN
180-050-002-000
UPID
US09-0068325
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
-
Raymond James Financial Services Financial Advisor
-
Addison Avenue Investment Services Financial Advisor
-
First Tech Federal Credit Union Credit Union
-
Peet's Coffee Cafe & Coffee Shop
-
Quick Sushi Santa Rosa Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.74M
Blend (final)
Blend
$4.24M
Owner & transaction history
Eun Jung Chung · 2 yrs held
Eun Jung Chung
since 2023
Last sale
$4.2M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.7M
+60.1%
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
$4,320,000
ML approach
$4,235,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,730,000
Change: +60% · Conversion: Difficult
Blend value · Realmo final
$4.24M
Range $3.82M – $4.66M · ±10% · vs last sale $4.20M (Nov 29 2023)
Last sale anchor
$4.20M
Nov 29 2023
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
$691 / 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
$28,052
Tax year 2024
Assessed value
$2,429,359
Assessed 2024
Previous assessed
$2,429,359
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$871,191
Assessed improvement
$1,558,168
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
2005
Heating
CENTRAL
Stories
1
Total area
6,137 SF
Lot
0.63 ac (27,540 SF)
APN
180-050-002-000
UPID
US09-0068325
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
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
2005
Heating
CENTRAL
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Eun Jung Chung
Individual
Free & Clear · 2 yrs held
Mailing address
2270 PARADISE DR, BEL TIBURON, CA 94920-1953
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2023
—
Eun Jung Chung
Mordechai And Barbara Winter Rev Tr
Lease
—
Nov 29, 2023
$4,200,000
Mordechai Winter
Mendocino Crossroads LLC
Grant Deed
$2,540,000 · Redwood Cu
Apr 2, 2004
—
Mendocino Crossroads LLC
Chevron USA INC
Grant Deed
$1,418,000 · Calnet Business Bank
—
—
Mendocino Crossroads LLC
—
Deed Of Trust
related
$482,000 · Calnet Business Bank
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
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