Property profile

501 Grv St Healdsburg, CA 95448

OFF-MARKET
Office buildings
Property ID
US09-2646040
35,704 SF 2.16 ac lot Built 2000
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

Grove Street Plaza Business Center, located at 501 Grove Street in Healdsburg, California, presents a unique investment opportunity. This 35,704 square foot, two-story concrete tilt-up building sits on a 2.16-acre lot and offers exceptional versatility. Its prime location next to City Hall and within easy walking distance (one to five blocks) of Healdsburg Plaza, numerous restaurants, hotels, and multiple health clubs provides unparalleled convenience and accessibility. The building features an elevator, facilitating easy movement between floors. Its design allows for multiple uses and can be easily subdivided into smaller spaces, ranging from 5,000 to 30,000 square feet, making it suitable for a variety of tenants. Currently vacant, this property is perfectly suited for an owner-user business seeking a prominent location. Government or educational institutions would also find this building highly advantageous due to its proximity to City Hall and its ample space. Permitted uses within the industrial zone include office space, research and development, warehousing, and manufacturing, among others. The building's location offers convenient freeway access and proximity to Sonoma County Airport, just a 15-minute drive away. This exceptional property presents a rare chance to acquire a substantial commercial building in a thriving Healdsburg location. The asking price is $16,000,000.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2000
Construction TILT-UP CONCRETE
Total area 35,704 SF
Lot 2.16 ac (94,089 SF)
APN 089-130-058-000
UPID US09-2646040

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

501 Grv St Healdsburg, CA 95448-4747
Healdsburg metro Census 153902 SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$8.28M
Comparable Approach Comparable
$7.69M
Blend (final) Blend
$7.06M

Owner & transaction history

since 2020
4 recorded transactions
2020
Price N/A
2020
Price N/A
2014
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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