102 Cloverdale BlvdCloverdale, CA 95425

Property Details for 102 Cloverdale Blvd

Year built

1952

Construction

WOOD FRAME

Lot size

0.27 AC

Property size (Sq ft)

12,254 SF

Property type

Retail space

Property subtype

Storefront properties

APN

001-123-016-000

APU

1123016000

Description

The Silverwood Building, located at 102 S Cloverdale Boulevard in Cloverdale, CA, presents a compelling investment opportunity in Sonoma County's Wine Country. This completely restored retail property boasts a strong tenant base and is situated in Cloverdale's revitalized downtown area. The property comprises two separate legal parcels totaling 26,670 square feet, strategically positioned on Cloverdale Boulevard and East 1st Street, ensuring high visibility and accessibility. One parcel houses the 12,000 square foot Silverwood Building, featuring seven redesigned and rebranded retail units currently under long-term leases. The second parcel, intentionally left vacant, provides ample off-street parking for tenants and customers. The building's paseo-style layout enhances pedestrian flow and creates a welcoming atmosphere. Extensive renovations and capital improvements undertaken over the past five years minimize future maintenance needs, allowing for immediate cash flow generation. This 0.61-acre property offers a low-risk investment with a proven track record, making it ideal for investors seeking to enter the Wine Country market or expand their existing portfolio. The asking price is $3,050,000.

• CAP approach

  CAP return

  Valuation

  6%

  $4,941,971

  6.5%

  $4,561,819

  7%

  $4,235,975

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,666,382

  Geo Method

  $4,409,058

• Alternative Use

  Use

  Valuation

  Residential

  $3,848,065

  Hospitality

  $3,524,807

  Educational

  $2,932,598

  Medical

  $3,033,454

  Retail

  $4,561,819

Location Insight

City

Cloverdale

County

Sonoma

State

California

Latitude

38.8053

Longitude

-123.016

CBSA code

42220

CBSA name

SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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