840 Cloverdale BlvdCloverdale, CA 95425

  • Retail properties
  • 4,413 SF
For Sale
$905,000 View listing

Property Details for 840 Cloverdale Blvd

Year built
1921
Construction
WOOD
Lot size
0.32 AC
Property size (Sq ft)
4,413 SF
Property type
Retail properties
Property subtype
Retail space
APN
116-040-032-000
APU
116040032000

Description

This exceptional mixed-use property, located at 840 N Cloverdale Boulevard in Cloverdale, CA, presents a compelling investment opportunity. The historic Ice House building, totaling approximately 5,601 square feet, sits on a sizable 0.32-acre lot (roughly 14,000 square feet) offering excellent street visibility. Currently leased to a well-established manufacturing and distribution tenant with two years remaining on their initial lease term and an option to extend, this property provides immediate cash flow and long-term stability. The building has undergone significant renovations, including a new roof and HVAC system, along with extensive interior and exterior upgrades. Its versatile zoning allows for a variety of uses, including heavy retail, heavy commercial, and warehousing, making it adaptable to future market demands. Situated in Sonoma County's northernmost Wine Country community, this property benefits from a desirable location and strong potential for appreciation. The combination of a prime location, substantial recent improvements, and a secure, established tenant makes this a truly attractive investment for discerning buyers seeking a profitable and stable commercial asset. The property's history adds unique character, while its modern upgrades ensure functionality and efficiency. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,779,739
    6.5%
    $1,642,836
    7%
    $1,525,490
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,040,619
    Geo Method
    $1,587,822
  • Alternative Use

    Use
    Valuation
    Residential
    $1,385,793
    Hospitality
    $1,269,379
    Educational
    $1,056,109
    Medical
    $1,092,430
    Retail
    $1,642,836
840 Cloverdale Blvd, Cloverdale, California

Location Insight

City
Cloverdale
County
Sonoma
State
California
Latitude
38.8141
Longitude
-123.023
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
$8,790
$193,428
$500,643
$694,071
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