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Property profile & analytics
OFF-MARKET
Estimated value
$7,300,000
Retail space
905 Washington St Petaluma, CA 94952-3389
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1496279
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1991
Total area
13,498 SF
Lot
0.16 ac (7,174 SF)
APN
007-361-035-000
UPID
US09-1496279
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
-
Dr Nicholas Strange DO Pediatrician Physician
-
St. Joseph Health Medical Group Sonoma - Petaluma - Family Medicine Medical Clinic
-
Strange Nicholas DO Physician
-
Kathryn Bryant, NP Pediatrician Physician
-
Marion L. Guyer, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.30M
Owner & transaction history
Ch Fsr I Petaluma Town Plaza LP · 1 yrs held
Ch Fsr I Petaluma Town Plaza LP
since 2024
Last sale
$7.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$9.3M
+136.2%
Restaurant
$6.5M
+65.0%
Commercial (general)
$5.2M
+31.5%
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 Petaluma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Petaluma 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
$7,300,000
ML approach
$7,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,340,000
Change: +136% · Conversion: Difficult
RESTAURANT
$6,525,000
Change: +65% · Conversion: Easy
COMMERCIAL (GENERAL)
$5,205,000
Change: +32% · Conversion: Easy
MEDICAL BUILDING
$4,960,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$7.30M
Range $6.57M – $8.03M · ±10% · vs last sale $7.30M (Dec 9 2024)
Last sale anchor
$7.30M
Dec 9 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
$541 / 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
$16,280
Tax year 2024
Assessed value
$1,496,765
Assessed 2024
Previous assessed
$1,496,765
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$214,678
Assessed improvement
$1,282,087
Applied tax rate
3.0000
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
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1991
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
13,498 SF
Lot
0.16 ac (7,174 SF)
APN
007-361-035-000
UPID
US09-1496279
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.3M
RESTAURANT
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$5.0M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1991
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Ch Fsr I Petaluma Town Plaza LP
Entity
Free & Clear · 1 yrs held
Mailing address
75 DEL ORO LAGOON, NOVATO, CA 94949-5320
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
Dec 9, 2024
$7,300,000
Ch Fsr I Petaluma Town Plaza LP
William F Conrow
Deed
—
Jan 24, 2024
—
William F Conrow
Petaluma Town Plaza LLC
Grant Deed
—
Aug 7, 2012
—
Petaluma Town Plaza LLC
Conrow 2006 Trust
Quit Claim Deed
related
—
Jan 8, 2009
—
Sturm Sherre 2008 Trust
Sturm,sherre
Quit Claim Deed
related
—
Dec 5, 2006
—
Conrow 2006 Trust
Conrow,william
Quit Claim Deed
related
—
Dec 22, 2004
—
Conrow Robert & Jennifer Trust
Conrow,robert P
Quit Claim Deed
related
—
Apr 11, 2001
—
William F Conrow
Conrow,william F
Quit Claim Deed
related
—
Jul 23, 1999
—
Robert P Conrow
Conrow,william F
Quit Claim Deed
related
—
Apr 4, 1994
—
William F Conrow
Conrow,laura K
Quit Claim Deed
related
—
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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