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Property profile & analytics
OFF-MARKET
Estimated value
$7,140,000
Manufacturing properties
3264 Airway Dr Santa Rosa, CA 95403
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1532788
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1968
Construction
TILT-UP CONCRETE
Total area
48,441 SF
Lot
5.04 ac (219,542 SF)
APN
015-670-024-000
UPID
US09-1532788
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.85M
Comparable Approach
Comparable
$8.92M
Blend (final)
Blend
$7.14M
Owner & transaction history
Piner Airway LLC · 2 yrs held
Piner Airway LLC
since 2024
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
by Request
CAP Approach
CAP Return
Estimation
6%
$8,500,000
6.5%
$7,850,000
7%
$7,285,000
Blend value · Realmo final
$7.14M
Range $6.43M – $7.85M · ±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
$147 / 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
$62,566
Tax year 2024
Assessed value
$5,151,272
Assessed 2024
Previous assessed
$5,151,272
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,640,974
Assessed improvement
$3,510,298
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1968
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
48,441 SF
Lot
5.04 ac (219,542 SF)
APN
015-670-024-000
UPID
US09-1532788
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
Building & site characteristics
From public records
Year built
1968
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
5.04 ac
Current owner
From public records · entity-resolved
Piner Airway LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3510 UNOCAL PL STE #320, SANTA ROSA, CA 95403-0919
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2024
—
Piner Airway LLC
Pinerairway LLC
Grant Deed
—
Sep 12, 2016
—
Pinerairway LLC
Pine Creek Properties
Quit Claim Deed
—
Apr 21, 1993
—
Pine Creek Properties
Martin,kenneth C
Grant Deed
related
—
Feb 5, 1991
$1,300,000
Roberts,r C
Pine,creek Prope
Trustees Deed
—
Feb 5, 1991
$1,335,000
Martin,kenneth C
Laier,trust
Trustees Deed
—
Jan 8, 1990
—
Meadowrock Owner
Pine,creek Prope
Grant Deed
related
—
—
—
Pine Creek Prope
—
Deed Of Trust
related
$900,000 · Wells Fargo Bank
—
—
Pine Creek Properties
—
Deed Of Trust
related
—
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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