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    2675 Cleveland Ave Santa Rosa, CA 95403-2764
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    2675 Cleveland Ave Santa Rosa, CA 95403-2764

    View on Map
    • Office buildings
    • 5,523 SF
    • 0.33 lot acres
    Off-Market
    Property ID
    US09-2237653
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $730,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Romelli Bail Bonds / Law Firm
    • Above The Bay Real Estate / Real Estate Rental Agency / Property Management Company
    • Sassy’s Salon / Hair Salon
    • Ferfmedia / (Bike/Boat/Book/etc) Store / Photography Service
    • Lojas Tax Service / Accounting Firm / Tax Preparation

    Property Details for 2675 Cleveland Ave

    Year built
    1964
    Construction
    WOOD
    Lot size
    0.33 lot acres
    Property size
    5,523 SF
    Property type
    Office buildings
    APN
    015-481-001-000
    APU
    15481001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Santa Rosa
    County
    Sonoma
    State
    California
    Longitude
    -122.729
    Latitude
    38.4636
    CBSA code
    42220
    CBSA name
    SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,728
    $129,087
    $267,291
    $396,378
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $6,705,000
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      133 Aviation Blvd

      OFFICE BUILDING • 45,350 SF
      133 Aviation Blvd, Santa Rosa, CA 95403-8278
      View Details
    • Value Estimation
      $5,890,000
      40,448 SF

      475 Aviation Blvd

      OFFICE BUILDING (MULTI-STORY) • 40,448 SF
      475 Aviation Blvd, Santa Rosa, CA 95403-1061
      View Details
    • Value Estimation
      $7,090,000
      44,058 SF

      3843 Brickway Blvd

      OFFICE BUILDING (MULTI-STORY) • 44,058 SF
      3843 Brickway Blvd, Santa Rosa, CA 95403-9059
      View Details
    • Value Estimation
      $2,880,000
      12,000 SF

      5297 Aero Dr

      OFFICE BUILDING (MULTI-STORY) • 12,000 SF
      5297 Aero Dr, Santa Rosa, CA 95403-8070
      View Details
    • Value Estimation
      $3,815,000
      23,592 SF

      1550 Airport Blvd Ste, Unit 201

      OFFICE BUILDING (MULTI-STORY) • 23,592 SF
      1550 Airport Blvd Ste, Santa Rosa, CA 95403-1095
      View Details
    • Value Estimation
      $2,025,000
      13,125 SF

      5213 El Mercado Pkwy

      OFFICE BUILDING (MULTI-STORY) • 13,125 SF
      5213 El Mercado Pkwy, Santa Rosa, CA 95403-1301
      View Details

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      Santa Rosa Development Opportunity

      Vacant restaurant, parking, and adjacent lot for redevelopment.
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    Similar Nearby for Lease

    • Contact for pricing
      4,068 SF

      Class A Office Space Available

      Class A office space for rent near Santa Rosa Airport.
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      Class A Office Space Available

      Two-story office building near Santa Rosa Airport for lease.
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      3,889 SF

      Class A Office Space Available

      Two-story office building in Fountaingrove submarket with highway visibility.
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      2,933 SF

      Class A Office Space Available

      Class A office space for rent near Santa Rosa Airport.
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    • $850 /Mo
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      Santa Rosa Office Suites Available

      Individual office suites in multi-tenant building, convenient location.
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    • Contact for pricing

      Versatile Workspace Solutions Available

      Flexible office spaces, coworking, meeting rooms, and virtual office options.
      1421 Guerneville Rd, Santa Rosa, CA 95403
      View Details
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    2675 Cleveland Ave
    Santa Rosa, CA 95403-2764
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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