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    3403 Santa Rosa Ave Santa Rosa, CA 95407-7991

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    3403 Santa Rosa Ave Santa Rosa, CA 95407-7991

    View on Map
    • Retail space
    • 39,246 SF
    • 1.54 lot acres
    Off-Market
    Last Sale Sep 3, 2024
    Property ID
    US10-3205564
    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
    $750,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Crossing the Jordan Thrift Store Santa Rosa Avenue / Discount Store
    • Sonoma Medicinal Herbs / (Bike/Boat/Book/etc) Store
    • Intrepid Stores / Discount Store

    Property Details for 3403 Santa Rosa Ave

    Year built
    1950
    Construction
    TILT-UP CONCRETE
    Lot size
    1.54 lot acres
    Property size
    39,246 SF
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    134-123-037-000
    APU
    134123037000

    Description

    Prime Santa Rosa location at the signalized intersection of Santa Rosa Avenue and E. Robles, boasting an impressive average daily traffic count of approximately 15,000 vehicles. This 16,690 square foot, single-story, fully sprinklered building, built in 1950 and renovated in 2010, offers a versatile space ideal for an auto shop, warehouse, or bulk retail operation. Currently vacant, this owner-user opportunity presents a unique chance to acquire a well-located commercial property in Sonoma County. The property is zoned C2 and features a combination of bulk retail, office, and warehouse space. The building is part of a larger complex with three other occupied units (13,052 SF, 4,983 SF, and 4,720 SF). The asking price is $2,670,400, translating to $160 per square foot. The property is offered as a net lease (NNN) and is identified by APN 134-123-037. This is a rare opportunity to own a substantial commercial property in a high-traffic area of Santa Rosa, California, with significant potential for growth and return on investment. The property's location at 3403 Santa Rosa Ave, Santa Rosa, CA 95407, ensures high visibility and accessibility.

    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
    -122.714
    Latitude
    38.394
    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
    $65,860
    $1,619,745
    $3,276,818
    $4,896,563
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,415,000
      22,680 SF

      3011 Santa Rosa Ave

      STORE, RETAIL OUTLET • 22,680 SF
      3011 Santa Rosa Ave, Santa Rosa, CA 95407-8177
      View Details
    • Value Estimation by Request
      2,764 SF

      3448 Santa Rosa Ave

      STORE, RETAIL OUTLET • 2,764 SF
      3448 Santa Rosa Ave, Santa Rosa, CA 95407-7932
      View Details
    • Value Estimation
      $705,000
      6,000 SF

      1911 Santa Rosa Ave

      STORE, RETAIL OUTLET • 6,000 SF
      1911 Santa Rosa Ave, Santa Rosa, CA 95407-7620
      View Details
    • Value Estimation
      $1,325,000
      10,980 SF

      2350 Santa Rosa Ave

      STORE, RETAIL OUTLET • 10,980 SF
      2350 Santa Rosa Ave, Santa Rosa, CA 95407-7638
      View Details
    • Value Estimation
      $2,555,000
      13,894 SF

      601 Elsa Dr

      STORE, RETAIL OUTLET • 13,894 SF
      601 Elsa Dr, Santa Rosa, CA 95407-6263
      View Details
    • Value Estimation
      $5,100,000
      13,014 SF

      2510 Santa Rosa Ave

      STORE, RETAIL OUTLET • 13,014 SF
      2510 Santa Rosa Ave, Santa Rosa, CA 95407-6218
      View Details

    Similar Nearby for Sale

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      Freestanding Retail Building in Santa Rosa

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      121-Unit Condominium Community For Sale

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      27,827 SF

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      Commercial Building in Santa Rosa

      Commercial building featuring warehouse and office spaces on one-third acre.
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    • $2,300,000
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      Santa Rosa Automotive/Retail Opportunity

      High-visibility corner lot with auto and retail potential.
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      Santa Rosa Showroom with Kitchen

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    Similar Nearby for Lease

    • Contact for pricing
      1,690 SF

      Retail Space in Stony Point

      Retail space available in a busy Santa Rosa plaza.
      711 Stony Point Rd, Santa Rosa, CA 95407
      View Details
    • $1.75 SF/Yr
      5,000 SF

      Retail Space with High Visibility

      Ground floor retail space featuring excellent natural light and ample parking.
      2510 Santa Rosa Ave, Santa Rosa, CA 95407
      View Details
    • Contact for pricing
      19,500 SF

      Retail Box Opportunity in Santa Rosa

      Retail space with loading dock and monument signage available for rent.
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    • Contact for pricing

      Retail Space Near Santa Rosa

      Former discount store with high visibility and ample parking.
      2720 Santa Rosa Ave, Santa Rosa, CA 95407
      View Details
    • $4,500 /Mo

      Retail Space on Santa Rosa Avenue

      Retail space available for rent on Santa Rosa Avenue.
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      View Details
    • $1.05 SF/Yr

      Santa Rosa Food Service Opportunity

      Well-built food facility with storage, heavy power, and water rights.
      322 Bellevue Ave, Santa Rosa, CA 95407
      View Details
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    Santa Rosa, CA 95407-7991
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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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