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    Property profile & analytics

    3800 Lakeville Hwy Petaluma, CA 94954-5673

    • Warehouses
    • 165,000 SF
    • 9.99 lot acres
    OFF-MARKET
    Last Sale
    Sep 23, 2022
    $32,500,000
    Value Estimations
    $37,605,000
    Show details
    Cap Rate Potential
    7.5%
    Warehouses
    Location Intelligence
    Property ID
    US09-3156097
    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.

    Current Use by Public Records

    • Morris Distributing / Big Box & Wholesale Store / Distribution Center
    • Nick's Vinyl Car Wraps / (Bike/Boat/Book/etc) Store / Printing Service
    • Brooks Automation, Inc. / Electronics & Wireless Store
    • Friedman's Home Improvement Distribution Center / Building Supply / Hardware & Home Improvement

    Property Details for 3800 Lakeville Hwy

    Year built
    1966
    Construction
    TILT-UP CONCRETE
    Lot size
    9.99 lot acres
    Property size
    165,000 SF
    Property type
    Warehouses
    APN
    005-090-093-000
    APU
    5090093000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $39,250,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $49,250,000
      6.5%
      $45,460,000
      7%
      $42,215,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $38,305,000
      Market price range: $16.0M - $57.7M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $33,090,000
      Current use
      MEDICAL BUILDING
      $60,625,000
      Change: +83% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $52,145,000
      Change: +58% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $51,820,000
      Change: +57% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Petaluma
    County
    Sonoma
    State
    California
    Longitude
    -122.587
    Latitude
    38.2317
    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
    $266,884
    $8,534,163
    $15,610,502
    $24,144,665
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,870,000
      132,171 SF

      2250 Mcdowell Blvd Ext

      WAREHOUSE, STORAGE • 132,171 SF
      2250 Mcdowell Blvd Ext, Petaluma, CA 94954-5659
      View Details
    • Value Estimation by Request
      62,565 SF

      2275 Mcdowell Blvd Ext

      WAREHOUSE, STORAGE • 62,565 SF
      2275 Mcdowell Blvd Ext, Petaluma, CA 94954-5661
      View Details
    • Value Estimation
      $2,715,000
      22,980 SF

      2210 Pne Vw Way

      WAREHOUSE, STORAGE • 22,980 SF
      2210 Pne Vw Way, Petaluma, CA 94954-5687
      View Details
    • Value Estimation
      $12,740,000
      102,363 SF

      715 Southpoint Blvd

      WAREHOUSE, STORAGE • 102,363 SF
      715 Southpoint Blvd, Petaluma, CA 94954-6835
      View Details
    • Value Estimation
      $2,490,000
      18,928 SF

      1180 Holm Rd

      WAREHOUSE, STORAGE • 18,928 SF
      1180 Holm Rd, Petaluma, CA 94954-1105
      View Details
    • Value Estimation
      $3,915,000
      29,500 SF

      1455 Mcdowell Blvd

      WAREHOUSE, STORAGE • 29,500 SF
      1455 Mcdowell Blvd, Petaluma, CA 94954-6502
      View Details

    Similar Nearby for Sale

    • $8,500,000

      Spacious Industrial/Manufacturing Property in Petaluma

      42,926 SF industrial/manufacturing property built in 1999, zoned PUD.
      740 Southpoint Blvd, Petaluma, CA 94954
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    • $5,932,850
      25,795 SF

      Petaluma Industrial Warehouse For Sale

      Rare Dock-High Warehouse, Excellent Location
      2220 Pine View Way, Petaluma, CA 94954
      View Details
    • Contact for pricing
      43,197 SF

      Petaluma Flex Space Available

      Flex space with convenient highway access and nearby amenities.
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      View Details
    • Contact for pricing
      39,443 SF

      Petaluma Flex Space For Sale

      Flex space with offices, conference room, and high ceilings.
      1435-1445 Technology Ln, Petaluma, CA 94954
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    • $6,000,000

      300-Acre Ranch in Sonoma County

      Diverse agricultural ranch with stunning views and significant infrastructure.
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      7,184 SF

      Petaluma Office Building Investment Opportunity

      Triple Net leased investment property anchored by a credit tenant.
      111 Lynch Creek Way, Petaluma, CA 94954
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    Similar Nearby for Lease

    • Contact for pricing

      Petaluma Flex Space Available

      Flex space for lease with easy highway access.
      1455 North Mcdowell Boulevard Ext, Petaluma, CA 94954
      View Details
    • Contact for pricing
      46,906 SF

      Petaluma Manufacturing, Warehouse, and Office

      46,906 SF manufacturing, warehouse, and office space for rent.
      3810 Cypress Dr, Petaluma, CA 94954
      View Details
    • $0.95 SF/Yr
      8,849 SF

      Petaluma Industrial Warehouse Space

      8,849 SF Warehouse, Multiple Units Available
      963 Transport Way, Petaluma, CA 94954
      View Details
    • $1.50 SF/Yr
      2,339 SF

      Corner Warehouse Unit in Petaluma

      Warehouse unit with easy access to Highway-101 and Old Redwood Highway.
      1180 Holm Rd, Petaluma, CA 94954
      View Details
    • Contact for pricing
      9,163 SF

      Petaluma Warehouse Space Available

      Warehouse spaces available in Petaluma with dock and grade loading.
      1616 Corporate Cir, Petaluma, CA 94954
      View Details
    • Contact for pricing
      25,795 SF

      Petaluma Warehouse with Solar Power

      17,000 SF warehouse with mezzanine and convenient location.
      2220 Pine View Way, Petaluma, CA 94954
      View Details
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    Petaluma, CA 94954-5673
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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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