10 Santa Rosa AveSanta Rosa, CA 95404

Property Details for 10 Santa Rosa Ave

Year built

1968

Construction

CONCRETE

Lot size

0.72 AC

Property size (Sq ft)

31,356 SF

Property type

Retail properties

Property subtype

Banks

APN

009-071-020-000

APU

9071020000

Description

This exceptional 31,356 square foot, two-story office building presents a rare opportunity in downtown Santa Rosa. Located on a prominent corner lot (31,363 sq ft) at the intersection of Santa Rosa Avenue and 3rd Street, this Class B property boasts a prime location with high visibility and significant daily traffic counts (13,681+ on 3rd Street and 15,431+ on Santa Rosa Avenue). Originally constructed in 1968 for Bank of America, the building has undergone renovations over time. Features include concrete block construction, a concrete slab foundation, glass and steel accents, an open ground floor with a 14-foot clear height, and two elevators. The layout comprises two suites, a central lobby, a common hall, and a mechanical room. The HVAC system is fully operational. Zoned CMU-DSA (Commercial Mixed Use - Downtown Station Area), the property offers a maximum base Floor Area Ratio of 8.0, allowing for a potential project size of approximately 250,000 square feet. This zoning permits a variety of mixed uses, including housing, office, and retail, with added incentives like reduced impact fees and parking requirements. The building's convenient location offers easy access to US Hwy 101 and other major thoroughfares, proximity to the downtown plaza, and walking distance to parking facilities. The property is bordered by the Comstock Mall, a pedestrian thoroughfare, providing convenient utility access. This is a unique investment opportunity in a thriving downtown area experiencing significant revitalization. Asking price: $5,900,000 ($188.16/sq ft).

• CAP approach

  CAP return

  Valuation

  6%

  $12,645,702

  6.5%

  $11,672,956

  7%

  $10,839,173

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,499,352

  Geo Method

  $11,282,064

• Alternative Use

  Use

  Valuation

  Residential

  $9,846,575

  Hospitality

  $9,019,410

  Educational

  $7,504,043

  Medical

  $7,762,118

  Retail

  $11,672,956

Location Insight

City

Santa Rosa

County

Sonoma

State

California

Latitude

38.4395

Longitude

-122.713

CBSA code

42220

CBSA name

SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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