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Property profile & analytics
FOR LEASE
Strip malls
3401 Cleveland Ave Santa Rosa, CA 95403
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0448484
For Lease
1 / 3
Contact for pricing
3401 Cleveland Ave, Santa Rosa, CA 95403
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1980
Total area
17,300 SF
Lot
1.63 ac (71,002 SF)
APN
148-070-017-000
UPID
US09-0448484
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
-
Bridge Gallery Bridge Club
-
Ethan Cline - State Farm Insurance Agent Insurance Agency
-
Lani Loft Hair Salon Nail Salon
-
Bre Salon Hair Salon Nail Salon
-
Lily Spa Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$381k
Blend (final)
Blend
$555k
Owner & transaction history
Parkway Properties 12 LLC · 4 yrs held
Parkway Properties 12 LLC
since 2021
Last sale
$499,000
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
$775,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$505,000
Current use
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $499k (Sep 8 2021)
Last sale anchor
$499k
Sep 8 2021
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
$32 / 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
$31,170
Tax year 2024
Assessed value
$2,643,478
Assessed 2024
Previous assessed
$2,643,478
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$904,111
Assessed improvement
$1,739,367
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1980
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
17,300 SF
Lot
1.63 ac (71,002 SF)
APN
148-070-017-000
UPID
US09-0448484
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$505,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
1980
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.63 ac
Current owner
From public records · entity-resolved
Parkway Properties 12 LLC
Entity
Mailing address
24 PROFESSIONAL CTR PKWY STE #150, SAN RAFAEL, CA 94903-2759
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2021
—
Parkway Properties 12 LLC
Parkway Properties 12 LLC
Intrafamily Transfer
related
$1,700,000 · Summit State Bank
Jul 17, 2000
—
Parkway Properties 12 LLC
Parkway Sonoma Properties INC
Quit Claim Deed
related
—
Jun 9, 2000
$499,000
Parkway Sonoma Properties INC
Dvk Realty Ventures INC
Grant Deed
—
Apr 12, 2000
—
Dvk Realty Ventures INC
—
Deed Of Trust
related
$1,375,500 · Wells Fargo Bank
Aug 31, 1995
—
Dvk Realty Ventures INC
Stg Realty Ventures INC
Grant Deed
$300,000 · Piner Associates
Sep 29, 1994
$900,000
Stg Realty Ventures INC
Westamerica Bank
Trustees Deed
$675,000 · Westamerica Bank
Sep 10, 1993
$1,259,696
Westamerica Bank
Kunz,barbara A &
Trustees Deed
related
—
Feb 2, 1989
$940,000
Burbank Financia
Kunz,barbara A
Trustees Deed
related
—
Feb 2, 1989
—
Coffman,ralph L
Burbank,financia
Trustees Deed
related
—
—
—
Marina Ass Capra
—
Deed Of Trust
related
$176,000
—
—
Marina Ass Capra
—
Deed Of Trust
related
$190,000 · Golden Gate Bank
—
—
Stg Realty Ventures INC
—
Deed Of Trust
related
$675,000 · Westamerica Bank
—
—
Parkway Properties 12 LLC
—
Deed Of Trust
related
$1,946,000 · Wells Fargo Bank
—
—
Marina Ass Capra
—
Deed Of Trust
related
$50,000 · Golden Gate 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.
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