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    3286 Airway Dr Santa Rosa, CA 95403-2004
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    Property profile & analytics

    3286 Airway Dr, Santa Rosa, CA 95403-2004

    View on Map
    • Retail space
    • 32,240 SF
    • 2.02 lot acres
    Off-Market
    Last Sale May 24, 2021
    $5,200,000
    Property ID
    US09-0083229
    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
    $5,635,000
    Show details
    Cap Rate Potential
    4.3%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Tesla / Auto Repair Shop

    Property Details for 3286 Airway Dr

    Year built
    1987
    Construction
    TILT-UP CONCRETE
    Lot size
    2.02 lot acres
    Property type
    Retail space
    APN
    015-690-032-000
    APU
    15690032000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 1, 2022 — Airway Partners LLC — Deed · related $4.8M · Bank Of The West
    May 24, 2021 $5,200,000 Airway Partners LLC Home Elegant LLC Grant Deed $3.6M · Fjm Private Mortgage Fund LLC
    Sep 14, 2016 — Home Elegant LLC — Deed · related $820k · Bank Of America
    Jun 30, 2004 — Home Elegant LLC Pine Creek Partnership Grant Deed $2.4M · Bank Of America
    — — Home Elegant LLC — Deed Of Trust · related $1.2M · J P Morgan Chase Bank
    — — Home Elegant LLC — Deed Of Trust · related $820k · Bank Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $6,145,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,850,000
      6.5%
      $5,400,000
      7%
      $5,015,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,234,000
      Market price range: $5.82M - $14.7M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $8,955,000
      Current use
      AUTO REPAIR, GARAGE
      $9,290,000
      Change: +4% Conversion: Difficult
      RESTAURANT
      $8,845,000
      Change: -1% Conversion: Easy
      COMMERCIAL (GENERAL)
      $8,745,000
      Change: -2% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $8,140,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Rosa
    County
    Sonoma
    State
    California
    Longitude
    -122.737
    Latitude
    38.4741
    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
    $63,948
    $1,353,040
    $4,165,241
    $5,518,281
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $570,000
      6.50 Acres

      3746 Airway Dr

      STORE, RETAIL OUTLET
      3746 Airway Dr, Santa Rosa, CA 95403-1607
      View Details
    • Value Estimation by Request
      0.07 Acres

      1820 Guerneville Rd

      RETAIL STORES (PERSONAL SERVICES)
      1820 Guerneville Rd, Santa Rosa, CA 95403-4114
      View Details
    • Value Estimation
      $1,530,000
      13,389 SF

      3451 Airway Dr

      STORE, RETAIL OUTLET
      3451 Airway Dr, Santa Rosa, CA 95403-2054
      View Details
    • Value Estimation
      $2,515,000
      12,600 SF

      2503 Cleveland Ave

      RETAIL STORES (PERSONAL SERVICES)
      2503 Cleveland Ave, Santa Rosa, CA 95403-2957
      View Details
    • Value Estimation
      $1,255,000
      10,284 SF

      2360 Mendocino Ave

      STORE, RETAIL OUTLET
      2360 Mendocino Ave, Santa Rosa, CA 95403-3153
      View Details
    • Value Estimation
      $2,890,000
      16,865 SF

      1421 Fulton Rd

      RETAIL STORES (PERSONAL SERVICES)
      1421 Fulton Rd, Santa Rosa, CA 95403
      View Details

    Similar Nearby for Sale

    • $2,200,000
      6,696 SF

      Retail Building Near Coddingtown Mall

      Free-standing retail building with high visibility and traffic count.
      1125 W Steele Ln, Santa Rosa, CA 95403
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    • $850,000
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      Retail/Office Space with Garage

      Retail and office spaces with garage and workshops available.
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      46,000 SF

      Renovated Mixed-Use Commercial Property

      Recently renovated commercial property with retail and office spaces.
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    • $999,000
      4,130 SF

      Remodeled Building in Santa Rosa

      Remodeled building with extensive renovations and ADA compliant parking.
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      3,490 SF

      Retail Property in Santa Rosa

      Retail property featuring city sewer and water in Santa Rosa.
      2265 Cleveland Ave, Santa Rosa, CA 95403
      View Details
    • $1,395,000
      3,480 SF

      Santa Rosa Development Opportunity

      Vacant restaurant, parking, and adjacent lot for redevelopment.
      2265 Cleveland Ave, Santa Rosa, CA 95403
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,016 SF

      Retail Space with Walk-In Cooler

      End cap retail space with cooler in Santa Rosa.
      3401 Cleveland Ave, Santa Rosa, CA 95403
      View Details
    • Contact for pricing

      Retail Space in Santa Rosa

      Exceptional retail space in a vibrant Santa Rosa location.
      Santa, Santa Rosa, CA 95403
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space with Flexible Layout

      Retail space featuring a flexible layout and customizable flooring.
      1331 Guerneville Rd, Santa Rosa, CA 95403
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space Near Coddingtown Mall

      Retail property with excellent visibility near a large shopping mall.
      2222-2230 Cleveland Ave, Santa Rosa, CA 95403
      View Details
    • $1.15 SF/Yr
      31,360 SF

      Industrial Facility with Showroom

      Two-building industrial facility with warehouse and showroom spaces.
      3480 Industrial Dr, Santa Rosa, CA 95403
      View Details
    • Contact for pricing
      984 SF

      Neighborhood Shopping Center Space Available

      Retail space available in Santa Rosa shopping center.
      1405-1415 Fulton Rd, Santa Rosa, CA 95403
      View Details

    Property Visit Statistics

    • Visits by month
      1.3k
    • Visitors by month
      2.0k
    • Avg Time on site
      30 min
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    Santa Rosa, CA 95403-2004
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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.

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