New search
Property profile & analytics
OFF-MARKET
Estimated value
$8,845,000
Medical Office Space
3536 Mendocino Ave, Santa Rosa, CA 95403-3648
Entity Owned
4-yr Hold
Free & Clear
Property ID
US09-2026990
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Total area
40,583 SF
Lot
3.03 ac (131,986 SF)
APN
173-040-002-000
UPID
US09-2026990
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
-
St. Joseph Laboratory Draw Station Medical Laboratory
-
Santa Rosa Imaging Medical Clinic
-
Sutter Pacific Medical Foundation Lab Medical Laboratory
-
Patrick Caskey, M.D. Ophthalmologist
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.34M
CAP Approach
CAP
$8.36M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.85M
Owner & transaction history
Juniper Fountaingrove Mob LLC · 4 yrs held
Juniper Fountaingrove Mob LLC
since 2022
Last sale
$10.0M
5 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
$7,545,000
ML approach
$8,335,000
CAP Approach
CAP Return
Estimation
6%
$9,055,000
6.5%
$8,360,000
7%
$7,760,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$14,510,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$8.85M
Range $7.96M – $9.73M · ±10% · vs last sale $10.00M (Mar 9 2022)
Last sale anchor
$10.00M
Mar 9 2022
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
$218 / 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
$119,964
Tax year 2024
Assessed value
$10,404,000
Assessed 2024
Previous assessed
$10,404,000
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$3,121,200
Assessed improvement
$7,282,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1991
Heating
CENTRAL
Cooling
YES
Stories
3
Total area
40,583 SF
Lot
3.03 ac (131,986 SF)
APN
173-040-002-000
UPID
US09-2026990
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
Est. value
$14.5M
OFFICE BUILDING
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
1991
Heating
CENTRAL
Cooling
Yes
Stories
3
Lot
3.03 ac
Current owner
From public records · entity-resolved
Juniper Fountaingrove Mob LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3310 W PO BOX 92129TH AVE STE #700, SOUTHLAKE, TX 76092-0102
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2022
$10,000,000
Juniper Fountaingrove Mob LLC
Hsre Vcm Fountaingrove Mob LLC
Grant Deed
—
Jun 9, 2017
$11,245,000
Hsre Vcm Fountaingrove Mob LLC
Fountaingrove Medical Building LLC
Grant Deed
$9,400,000 · Capital One NA
Aug 18, 2011
—
Fountaingrove Medical Building
Fountaingrove Medical Building
Quit Claim Deed
related
$4,750,000 · Minnesota Life Insurance Co
Nov 12, 1991
$7,347,000
Fountaingrove Me
Simons,lawrence
Grant Deed
$5,600,000 · Lincoln Natl Lif
—
—
Fountaingrove Medical Building
—
Deed Of Trust
related
$5,250,000 · Lincoln National Life Ins
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3536 Mendocino Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
