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2112 Armory Dr 3,336 SF 100% Leased Retail Building Santa Rosa, CA 95401 $1,027,905 CAD ($308.13 CAD/SF) 6.13% Cap Rate
Executive Summary
Fully Leased Investment Property with Highway 101 Visibility
Rare opportunity to acquire a well-maintained ±3,336 SF commercial building on a ±0.29-acre (12,632 SF) lot with prominent exposure along Highway 101. Zoned CG (General Commercial) within the City of Santa Rosa, the property allows for a wide range of commercial uses.
The single-story building consists of two separately metered suites, both leased to long-term tenants:
• Seals Watersports – a dive shop and training center operating at this location for over 50 years
• Platinum Salon and Beauty Boutique – a full-service beauty salon
Both tenants are on modified gross leases, offering steady income with limited landlord responsibilities.
Key features include:
• 16 on-site parking spaces plus street parking
• Concrete slab foundation
• Recent capital improvements totaling over $110,000, including new siding, HVAC for both suites, updated sewer lines, fresh paint, and asphalt resurfacing
Located near Coddingtown Mall, the SMART train station, County offices, In-N-Out Burger, and various retail amenities, the site offers excellent access and convenience in a high-traffic area.
Rare opportunity to acquire a well-maintained ±3,336 SF commercial building on a ±0.29-acre (12,632 SF) lot with prominent exposure along Highway 101. Zoned CG (General Commercial) within the City of Santa Rosa, the property allows for a wide range of commercial uses.
The single-story building consists of two separately metered suites, both leased to long-term tenants:
• Seals Watersports – a dive shop and training center operating at this location for over 50 years
• Platinum Salon and Beauty Boutique – a full-service beauty salon
Both tenants are on modified gross leases, offering steady income with limited landlord responsibilities.
Key features include:
• 16 on-site parking spaces plus street parking
• Concrete slab foundation
• Recent capital improvements totaling over $110,000, including new siding, HVAC for both suites, updated sewer lines, fresh paint, and asphalt resurfacing
Located near Coddingtown Mall, the SMART train station, County offices, In-N-Out Burger, and various retail amenities, the site offers excellent access and convenience in a high-traffic area.
Property Facts Under Contract
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,336 SF
Building Class
C
Year Built
1979
Price
$1,027,905 CAD
Price Per SF
$308.13 CAD
Cap Rate
6.13%
NOI
$63,045 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.29 AC
Zoning
CITYSR
Frontage
139’ on Armory
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 180-270-041 | Improvements Assessment | $639,140 CAD |
| Land Assessment | $314,043 CAD | Total Assessment | $953,183 CAD |
Property Taxes
Parcel Number
180-270-041
Land Assessment
$314,043 CAD
Improvements Assessment
$639,140 CAD
Total Assessment
$953,183 CAD
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2112 Armory Dr
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