23999 Arnold DrSonoma, CA 95476

Property Details for 23999 Arnold Dr

Year built

1970

Construction

TYPE NOT SPECIFIED

Lot size

4.62 AC

Property size (Sq ft)

6,144 SF

Property type

Retail properties

Property subtype

Retail space

APN

128-485-012-000

APU

128485012000

Description

This exceptional Sonoma Valley property presents a unique investment opportunity encompassing two parcels totaling 10.02 acres. The main parcel, located at 23999 Arnold Drive, is designated for retail or commercial use, offering significant potential for development or redevelopment. The property has been held within the same family for over fifty years, reflecting its enduring value and desirability within the Sonoma Valley. The second parcel, situated at 160 Meadowlark Lane, is zoned for agricultural and residential use, adding further versatility to this expansive holding. The combined acreage provides ample space for a variety of uses, making it attractive to both investors seeking a substantial portfolio addition and owner-users looking to establish a significant presence in the thriving Sonoma market. The existing commercial structure at 23999 Arnold Drive presents opportunities for renovation, expansion, or repurposing, while the adjacent agricultural/residential parcel offers options for future development or continued use as is. This property's size, location, and zoning flexibility make it an exceptional investment opportunity in a highly sought-after area. The property's long history within a single family underscores its stability and potential for continued growth. Serious inquiries are encouraged to explore the full range of possibilities this remarkable property offers. The asking price is $5,950,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,477,842

  6.5%

  $2,287,238

  7%

  $2,123,864

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,841,052

  Geo Method

  $4,318,330

• Alternative Use

  Use

  Valuation

  Residential

  $1,929,371

  Hospitality

  $1,767,294

  Educational

  $1,470,367

  Medical

  $1,520,936

  Retail

  $2,287,238

Location Insight

City

Sonoma

County

Sonoma

State

California

Latitude

38.2235

Longitude

-122.458

CBSA code

42220

CBSA name

SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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