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Property profile & analytics
OFF-MARKET
Estimated value
$1,770,000
Office buildings
3209 Cleveland Ave Santa Rosa, CA 95403-2119
Trust Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1687845
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1968
Construction
WOOD
Total area
7,777 SF
Lot
0.31 ac (13,380 SF)
APN
015-700-005-000
UPID
US09-1687845
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
-
Sutter VNA & Hospice Thrift Store Discount Store
-
Sutter Hospice Thrift Store - Cleveland Ave Discount Store
-
Debbie Barron Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.80M
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.77M
Owner & transaction history
Morrison,nancy A Trust · 7 yrs held
Morrison,nancy A Trust
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.9M
+2.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,950,000
6.5%
$1,800,000
7%
$1,675,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,780,000
Current use
MEDICAL BUILDING
$2,855,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,240,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.77M
Range $1.59M – $1.95M · ±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
$228 / 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
$25,314
Tax year 2024
Assessed value
$2,159,947
Assessed 2024
Previous assessed
$2,159,947
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$650,718
Assessed improvement
$1,509,229
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1968
Construction
WOOD
Heating
CENTRAL
Cooling
YES
Stories
2
Total area
7,777 SF
Lot
0.31 ac (13,380 SF)
APN
015-700-005-000
UPID
US09-1687845
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
OFFICE BUILDING Current
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.2M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1968
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
Morrison,nancy A Trust
Trust
Mailing address
2147 GRACE DR, SANTA ROSA, CA 95404-3025
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2019
—
Morrison,nancy A Trust
Rasche Gary E 1994 Trust
Quit Claim Deed
related
—
Dec 6, 2018
—
Rasche,gary E 1994 Trust
Rasche,gary E
Affidavit Of Death
related
—
Sep 29, 2017
—
Gary E Rasche
Gary E Rasche
Intrafamily Transfer
related
$2,067,000 · Exchange Bank
Dec 28, 2001
—
Rasche Trust
Rasche,gary E
Quit Claim Deed
related
—
Dec 27, 2001
—
Gary E Rasche
Rasche Trust
Quit Claim Deed
related
$700,000 · First Federal S & L San Rafael
Nov 20, 1998
$855,000
Rasche Trust
Charles R Stephens Trustee
Grant Deed
$505,000 · Seller
Aug 10, 1998
—
North Bay Drywall INC
Kaliski Trust
Grant Deed
related
—
—
—
Rasche,tr
—
Deed Of Trust
related
$892,000 · First Federal S & L San Rafael
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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