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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    840 Petaluma N Blvd Petaluma, CA 94952-2109

    • Strip malls
    • 6,675 SF
    • 1.14 lot acres
    OFF-MARKET
    Last Sale
    Jul 16, 2025
    Value Estimations
    $2,035,000
    Show details
    Cap Rate Potential
    6.1%
    Strip malls
    Location Intelligence
    Property ID
    US09-0338029
    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.

    Current Use by Public Records

    • Sarmentine - French Bakery / Bakery

    Property Details for 840 Petaluma N Blvd

    Year built
    1988
    Construction
    WOOD
    Lot size
    1.14 lot acres
    Property size
    6,675 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    006-051-077-000
    APU
    6051077000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,080,000
      ML approach
      $2,080,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,110,000
      6.5%
      $1,950,000
      7%
      $1,810,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,300,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Petaluma
    County
    Sonoma
    State
    California
    Longitude
    -122.644
    Latitude
    38.2445
    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
    $41,235
    $735,920
    $3,090,906
    $3,826,826
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2.27 Acres

      200 Douglas St

      SHOPPING CENTER, STRIP CENTER • 2.27 Acres
      200 Douglas St, Petaluma, CA 94952-2567
      View Details
    • Value Estimation
      $680,000
      26,836 SF

      1000 Petaluma N Blvd

      SHOPPING CENTER, STRIP CENTER • 26,836 SF
      1000 Petaluma N Blvd, Petaluma, CA 94952-1948
      View Details
    • Value Estimation by Request
      10,440 SF

      361 Washington St

      SHOPPING CENTER, STRIP CENTER • 10,440 SF
      361 Washington St, Petaluma, CA 94952-3167
      View Details
    • Value Estimation
      $780,000
      29,353 SF

      365 Washington St

      SHOPPING CENTER, STRIP CENTER • 29,353 SF
      365 Washington St, Petaluma, CA 94952-3168
      View Details
    • Value Estimation
      $3,180,000
      195,837 SF

      2200 Petaluma N Blvd

      MINI-MALL • 195,837 SF
      2200 Petaluma N Blvd, Petaluma, CA 94952-6318
      View Details
    • Value Estimation
      $960,000
      5,640 SF

      2 Washington St

      MINI-MALL • 5,640 SF
      2 Washington St, Petaluma, CA 94952-3161
      View Details

    Similar Nearby for Sale

    • $9,866,666
      4,927 SF

      Petaluma Chick-fil-A Ground Lease

      4,927 SF Chick-fil-A ground lease in Petaluma, CA.
      5012 Petaluma Blvd N, Petaluma, CA 94952
      View Details
    • $3,250,000
      6,132 SF

      Auto Center Showroom and Shop

      Showroom and shop buildings on 1.25 acres with parking.
      1230 Auto Center Dr, Petaluma, CA 94952
      View Details
    • $799,000
      622 SF

      Petaluma Corner Lot Investment Opportunity

      High-visibility corner lot near downtown Petaluma with income potential.
      501 Petaluma Blvd, Petaluma, CA 94952
      View Details
    • $3,850,000
      14,800 SF

      Historic Iron Front Building

      Historic 14,800 SF iron front building in Downtown Petaluma.
      119 Petaluma Blvd N, Petaluma, CA 94952
      View Details
    • $470,000
      360 SF

      Petaluma Mixed-Use Development Opportunity

      Mixed-use property in thriving Petaluma area, ideal for development.
      18 Liberty St, Petaluma, CA 94952
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      8,903 SF

      Petaluma Multifamily Cottage Portfolio

      Eight charming cottages, prime downtown location
      210 Keller St, Petaluma, CA 94952
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Retail Space in Petaluma

      Retail space available for lease in Petaluma, California.
      401 Kenilworth Dr, Petaluma, CA 94952
      View Details
    • Contact for pricing
      2,637 SF

      Petaluma Drive-Thru Restaurant Opportunity

      Standalone second-generation drive-thru restaurant centrally located in Petaluma.
      701 E Washington St, Petaluma, CA 94952
      View Details
    • Contact for pricing
      3,450 SF

      Petaluma Retail Space Available

      High-traffic retail space, flexible layouts.
      440 Washington St, Petaluma, CA 94952
      View Details
    • Contact for pricing
      7,418 SF

      Petaluma Retail Space for Lease

      Downtown Petaluma restaurant space available
      350 Water St, Petaluma, CA 94952
      View Details
    • Contact for pricing
      2,625 SF

      Retail/Office Space with Kitchen

      Retail or office space featuring a full kitchen.
      161 2Nd St, Petaluma, CA 94952
      View Details
    • Contact for pricing
      18,500 SF

      Petaluma Warehouse with Retail Showroom

      18,500 SF warehouse with retail showroom near US 101.
      1221 Petaluma Blvd N, Petaluma, CA 94952
      View Details

    Property Visit Statistics

    • Visits by month
      8.8k
    • Visitors by month
      6.5k
    • Avg Time on site
      5 min
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    Petaluma, CA 94952-2109
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    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
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