102 Cloverdale BlvdCloverdale, CA 95425

  • Retail properties
  • 12,254 SF
For Sale
$3,050,000 View listing

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 properties
Property subtype
Retail space
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
102 Cloverdale Blvd, Cloverdale, California

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

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
$19,818
$334,654
$1,277,267
$1,611,921
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