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Property profile & analytics
OFF-MARKET
Estimated value
$4,975,000
Retail space
650 4th St Santa Rosa, CA 95404-4406
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2120472
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Construction
TILT-UP CONCRETE
Total area
9,375 SF
Lot
0.23 ac (10,096 SF)
APN
009-013-006-000
UPID
US10-2120472
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
-
Cyber Investigations of Santa Rosa Law Firm Security Service
-
Rush My Passport Travel Agency
-
FedEx Office Print & Ship Center Courier Service Postal Service
-
Adams Heating & Cooling Santa Rosa HVAC Service General Contractor
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.27M
Blend (final)
Blend
$4.98M
Owner & transaction history
Ali Salkhi · 2 yrs held
Ali Salkhi
since 2024
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.4M
+32.2%
Apartment house (5+ units)
$3.4M
+31.2%
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
$4,975,000
ML approach
$4,975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,445,000
Change: +32% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,415,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$4.98M
Range $4.48M – $5.47M · ±10% · vs last sale $4.98M (Feb 5 2024)
Last sale anchor
$4.98M
Feb 5 2024
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
$531 / 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
$53,485
Tax year 2024
Assessed value
$4,450,000
Assessed 2024
Previous assessed
$4,450,000
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$900,000
Assessed improvement
$3,550,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1962
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
9,375 SF
Lot
0.23 ac (10,096 SF)
APN
009-013-006-000
UPID
US10-2120472
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
MEDICAL BUILDING
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1962
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Ali Salkhi
Individual
Mailing address
10 BAY WAY, SAN RAFAEL, CA 94901-2473
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2024
—
Ali Salkhi
Ali Salkhi
Intrafamily Transfer
related
$2,300,000 · Heritage Bank Of Commerce
Sep 20, 2023
$4,975,000
Ali Salkhi
650 Fourth Street LLC
Grant Deed
—
Nov 9, 2021
—
Starbucks Corporation
650 Fourth Street LLC
Lease
—
Oct 6, 2008
$2,241,000
650 Fourth Street LLC
4d LLC
Grant Deed
—
May 16, 2003
—
Copperfields Books INC
Copperfields Annex
Quit Claim Deed
related
—
May 15, 2003
—
4d LLC
Copperfields Books INC
Grant Deed
$2,250,000 · Metrovation Capital LLC
Feb 28, 1991
$970,000
Copperfields Boo
Harrigan,weidenm
Grant Deed
$927,000 · Sonoma National Bank
—
—
Copperfield Brooks INC
—
Deed Of Trust
related
$832,500 · Wells Fargo Bank
—
—
650 Fourth Street LLC
—
Deed Of Trust
related
$2,600,000 · Everbank
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.
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