Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    828 2nd St Santa Rosa, CA 95404
    Back to Search
    Property profile & analytics

    828 2nd St, Santa Rosa, CA 95404

    View on Map
    • Medical Office Space
    • 5,420 SF
    • 0.46 lot acres
    Off-Market
    Property ID
    US09-1992484
    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.
    Value Estimations
    $900,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 828 2nd St

    Year built
    1976
    Construction
    WOOD
    Lot size
    0.46 lot acres
    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    009-063-041-000
    APU
    9063041000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 10, 2018 — Pisenti Building LLC — Deed · related $654k · Redwood Cu
    Oct 9, 2018 — Pisenti Building LLC — Deed · related $537k · Capital Access Group INC
    Apr 13, 2018 $1,150,000 Pisenti Building LLC Schoenrock,diane F Grant Deed $654k · Redwood Cu
    Jan 30, 2017 — Diane F Schoenrock Diane F Schoenrock Intrafamily Transfer · related $770k · Exchange Bank
    — — Diane F Schoenrock — Deed Of Trust · related $870k · Exchange Bank
    — — Pisenti Building LLC — Deed Of Trust · related $654k · Redwood Cu
    — — Pisenti Building LLC — Deed Of Trust · related $537k · Capital Access Group INC
    — — Diane F Schoenrock — Deed Of Trust · related $735k · Exchange Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,210,000
      6.5%
      $1,115,000
      7%
      $1,035,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Rosa
    County
    Sonoma
    State
    California
    Longitude
    -122.708
    Latitude
    38.4406
    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
    $14,925
    $317,920
    $964,923
    $1,282,843
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,020,000
      25,318 SF

      95 Montgomery Dr

      MEDICAL BUILDING
      95 Montgomery Dr, Santa Rosa, CA 95404-6630
      View Details
    • Value Estimation by Request
      1,320 SF

      1035 2nd St

      MEDICAL BUILDING
      1035 2nd St, Santa Rosa, CA 95404-6608
      View Details
    • Value Estimation by Request
      1,759 SF

      98 Montgomery Dr, Unit B

      DENTAL BUILDING
      98 Montgomery Dr, Santa Rosa, CA 95404-6615
      View Details
    • Value Estimation by Request
      834 SF

      988 Sonoma Ave

      DENTAL BUILDING
      988 Sonoma Ave, Santa Rosa, CA 95404-4815
      View Details
    • Value Estimation
      $930,000
      6,469 SF

      1020 2nd St

      MEDICAL BUILDING
      1020 2nd St, Santa Rosa, CA 95404-6607
      View Details
    • Value Estimation
      $1,040,000
      6,302 SF

      1017 2nd St

      MEDICAL BUILDING
      1017 2nd St, Santa Rosa, CA 95404-6608
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,328 SF

      2211 4th St, Santa Rosa, CA 95404

      Medical Office Space
      2211 4Th St, Santa Rosa, CA 95404
      View Details
    • $2,749,000
      2,339 SF

      Prime Retail Opportunity in Santa Rosa

      High-exposure retail location in a proven Sonoma County district.
      1089 Santa Rosa Ave, Santa Rosa, CA 95404
      View Details
    • $1,150,000
      2,868 SF

      Updated Office Building in Santa Rosa

      Professionally updated office building with recent improvements and ample parking.
      4010 Montecito Ave, Santa Rosa, CA 95404
      View Details
    • $739,000
      1,622 SF

      Craftsman Office Building with Parking

      Classic 1920s office building with parking and handicap access.
      705 College Ave, Santa Rosa, CA 95404
      View Details
    • $650,000
      1,192 SF

      Mixed-Use Property on 4th Street

      High-visibility mixed-use property with office commercial zoning in Santa Rosa.
      1818 4Th St, Santa Rosa, CA 95404
      View Details
    • $3,500,000
      19,346 SF

      Downtown Santa Rosa Office Building

      19,346 SF Office, Owner-User Opportunity
      350 E St, Santa Rosa, CA 95404
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Near Santa Rosa

      Medical office space near hospitals and downtown Santa Rosa.
      868-B 2Nd St, Santa Rosa, CA 95404
      View Details
    • Contact for pricing

      Medical Office Space For Lease

      Medical office building for lease near Downtown Santa Rosa.
      101 Brookwood Ave, Santa Rosa, CA 95404
      View Details
    • Contact for pricing

      Santa Rosa Office Space

      Single tenant office space available for rent in Santa Rosa.
      1701 4Th St, Santa Rosa, CA 95404
      View Details
    • Contact for pricing

      Retail or Office Space Available

      Commercial retail or office space for lease near the airport.
      Santa Rosa, CA 95404
      View Details
    • Contact for pricing
      16,386 SF

      Mendocino Avenue Office Space

      Office suites available in prime Santa Rosa location.
      520 Mendocino Ave, Santa Rosa, CA 95404
      View Details
    • Contact for pricing
      3,032 SF

      Class A Office Space

      Class A office space in a three-building complex.
      2455 Bennett Valley Rd, Santa Rosa, CA 95404
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    828 2nd St
    Santa Rosa, CA 95404
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    828 2nd St, Santa Rosa, CA, 95404
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!