Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    845 Russell Ave Santa Rosa, CA 95403-2148

    • Apartment buildings
    • 168 SF
    • 0.43 lot acres
    OFF-MARKET
    Last Sale
    May 25, 2021
    $245,000
    Value Estimations
    $380,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2361420
    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

    • Apartment buildings

    Property Details for 845 Russell Ave

    Lot size
    0.43 lot acres
    Property size
    168 SF
    Property type
    Apartment buildings
    APN
    015-101-019-000
    APU
    15101019000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $380,000
      ML approach
      $255,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Rosa
    County
    Sonoma
    State
    California
    Longitude
    -122.732
    Latitude
    38.4696
    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
    $5,074
    $120,237
    $304,405
    $424,642
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,460,000
      98,660 SF

      2605 Range Ave

      APARTMENT HOUSE (100+ UNITS) • 98,660 SF
      2605 Range Ave, Santa Rosa, CA 95403-9411
      View Details
    • Value Estimation
      $435,000
      15,483 SF

      1399 Fountaingrove Pkwy

      APARTMENT HOUSE (100+ UNITS) • 15,483 SF
      1399 Fountaingrove Pkwy, Santa Rosa, CA 95403-5730
      View Details
    • Value Estimation
      $590,000
      8,782 SF

      2400 Mcbride Ln

      APARTMENT HOUSE (100+ UNITS) • 8,782 SF
      2400 Mcbride Ln, Santa Rosa, CA 95403-2748
      View Details
    • Value Estimation
      $1,675,000
      12,864 SF

      2323 Mcbride Ln

      APARTMENT HOUSE (100+ UNITS) • 12,864 SF
      2323 Mcbride Ln, Santa Rosa, CA 95403-2988
      View Details
    • Value Estimation
      $400,000
      7,336 SF

      5360 Old Redwood Hwy

      APARTMENT HOUSE (100+ UNITS) • 7,336 SF
      5360 Old Redwood Hwy, Santa Rosa, CA 95403-1229
      View Details
    • Value Estimation
      $855,000
      244,444 SF

      800 Vineyard Crk Dr

      APARTMENT HOUSE (100+ UNITS) • 244,444 SF
      800 Vineyard Crk Dr, Santa Rosa, CA 95403-8286
      View Details

    Similar Nearby for Sale

    • $5,575,000
      10,825 SF

      Santa Rosa Investment Portfolio

      Seven single-family homes in Sonoma County Wine Country.
      2010 Ravello Way, Santa Rosa, CA 95403
      View Details
    • Contact for pricing

      Santa Rosa Apartment Complex

      178-unit community, prime location.
      2010 Pioneer Way, Santa Rosa, CA 95403
      View Details
    • $42,500,000

      Marlow Apartments: Santa Rosa

      116-Unit Apartment Community, CA
      3076 Marlow Rd, Santa Rosa, CA 95403
      View Details
    • $5,825,000
      1,000 SF

      Stonegate Mobile Home Park

      70-site mobile home community in Santa Rosa, California.
      Whispering Creek Dr, Santa Rosa, CA 95403
      View Details
    • $349,000

      Residential Land in Fountaingrove Location

      Residential land in a prime location near parks and golf.
      1931 Lyon Ct, Santa Rosa, CA 95403
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr

      Santa Rosa Fitness Center Space

      1,404 SF Retail Space in Bay Area
      3550 Industrial Dr, Santa Rosa, CA 95403
      View Details
    • $2 SF/Yr
      2,016 SF

      Retail Space with Walk-In Cooler

      End cap retail space with cooler in Santa Rosa.
      3401 Cleveland Ave, Santa Rosa, CA 95403
      View Details
    • Contact for pricing
      1,436 SF

      Industrial Space for Cannabis Distribution

      Industrial space suitable for cannabis distribution with HVAC and sprinklers.
      3401 Industrial Dr, Santa Rosa, CA 95403
      View Details
    • Contact for pricing
      10,210 SF

      Warehouse/Office/Flex Building with Yard

      10,210 SF warehouse/office/flex building with fenced yard.
      3242 Airway Dr, Santa Rosa, CA 95403
      View Details
    • Contact for pricing

      Retail Space in Santa Rosa

      Exceptional retail space in a vibrant Santa Rosa location.
      Santa Rosa, CA 95403
      View Details
    • Contact for pricing
      21,780 SF

      Santa Rosa Ground Lease Opportunity

      High-Visibility Retail Pad Site, Excellent Location
      3746 Airway Dr, Santa Rosa, CA 95403
      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.
    845 Russell Ave
    Santa Rosa, CA 95403-2148
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.