501 Grv St, Healdsburg, CA 95448-4747
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.