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Property profile & analytics
OFF-MARKET
Estimated value
$5,740,000
Office buildings
438 1st St Santa Rosa, CA 95401-6334
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US09-0087901
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1987
Construction
TILT-UP CONCRETE
Total area
36,176 SF
Lot
0.77 ac (33,541 SF)
APN
010-068-019-000
UPID
US09-0087901
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
-
Kropp Lawrence A., CPA/Attorney Accounting Firm Tax Preparation
-
Perry Johnson Anderson Miller & Moskowitz LLP Law Firm
-
Law Offices of Jeffrey J Allen Law Firm
-
Harrington & Ingram Law Firm
-
Leslie R. Perry Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.83M
Blend (final)
Blend
$5.74M
Owner & transaction history
438 1st Street LLC · 19 yrs held
438 1st Street LLC
since 2007
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,650,000
Current use
COMMERCIAL (GENERAL)
$8,230,000
Change: -5% · Conversion: Easy
INDUSTRIAL (GENERAL)
$8,095,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$5.74M
Range $5.17M – $6.31M · ±10%
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
$159 / 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
$137,472
Tax year 2024
Assessed value
$8,240,506
Assessed 2024
Previous assessed
$8,240,506
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$2,472,146
Assessed improvement
$5,768,360
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1987
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
YES
Stories
4
Total area
36,176 SF
Lot
0.77 ac (33,541 SF)
APN
010-068-019-000
UPID
US09-0087901
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 Current
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$8.2M
INDUSTRIAL (GENERAL)
Est. value
$8.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1987
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
4
Lot
0.77 ac
Current owner
From public records · entity-resolved
438 1st Street LLC
Entity
Mailing address
438 1ST ST FL #4, SANTA ROSA, CA 95401-6390
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2017
—
438 1st Street LLC
—
Deed
related
$4,910,000 · First Community Bank
May 8, 2007
—
438 1st Street LLC
Billa Management LLC
Grant Deed
$5,550,000 · Merrill Lynch Mortgage Lending INC
Apr 17, 2006
—
Miller Michael G & J A K Trust
Miller,michael G & Judith K
Quit Claim Deed
related
—
Dec 15, 2004
—
Malcolm T Manwell
Manwell,sylvia
Quit Claim Deed
related
$1,400,000 · Gulati Hardip S 2001 Trust
Dec 15, 2004
$1,875,000
Billa Management LLC
Gulati Hardip 2001 Trust
Grant Deed
$5,625,000 · Sonoma National Bank
Dec 15, 2004
$3,750,000
Gulati Hardip S 2001 Trust
Gulati H 2001 Trust
Grant Deed
related
—
Mar 29, 2004
$6,000,000
Gulati,tr
Abbett Electric Corp
Grant Deed
$4,500,000 · Luther Burbank Savings & Loan
Mar 29, 2004
—
Gallaher,tr
Gallaher,william P & Cynthia J
Quit Claim Deed
related
—
Dec 23, 1992
$2,550,000
Abbett Electric Corp
Homefed Bank
Grant Deed
—
Sep 24, 1991
$4,050,000
Homefed Bank
Santa Rosa Assoc
Trustees Deed
related
—
—
—
Gulati,tr
—
Deed Of Trust
related
$833,000 · Clement C & Ann M Carinalli
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
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