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Unique Wine Tasting Facility/Retail Space 119 S Cloverdale Blvd 1,332 SF 100% Leased Retail Building Cloverdale, CA 95425 $710,000 ($533.03/SF) 1.66% Cap Rate
Investment Highlights
- Prime Downtown Location
- Kelley & Young: wine producer & wine tasting location with patio
- Great Street Exposure
- Musical events can be enjoyed on the front patio
Executive Summary
Opportunity awaits to purchase a unique wine tasting facility! The space is adjacent to a local retail crystal shop. Plus! Development opportunity for an approximately 1,995 SF
three-story building at the back of lot.
• Kelley & Young Wine Tasting Room approximately 752 SF
• Crystal shop adjacent approximately 580 SF (available for lease)
• Next door to Pick’s Roadside Restaurant
• Close to 1st Street in downtown Cloverdale
three-story building at the back of lot.
• Kelley & Young Wine Tasting Room approximately 752 SF
• Crystal shop adjacent approximately 580 SF (available for lease)
• Next door to Pick’s Roadside Restaurant
• Close to 1st Street in downtown Cloverdale
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$21,912
|
$16.45
|
| Other Income |
$3,000
|
$2.25
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$24,912
|
$18.70
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$13,142
|
$9.87
|
| Net Operating Income |
$11,770
|
$8.84
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $21,912 |
| Annual Per SF | $16.45 |
| Other Income | |
|---|---|
| Annual | $3,000 |
| Annual Per SF | $2.25 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $24,912 |
| Annual Per SF | $18.70 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $13,142 |
| Annual Per SF | $9.87 |
| Net Operating Income | |
|---|---|
| Annual | $11,770 |
| Annual Per SF | $8.84 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
1,332 SF
Building Class
C
Year Built
1922
Price
$710,000
Price Per SF
$533.03
Cap Rate
1.66%
NOI
$11,770
Percent Leased
100%
Building Height
1 Story
Building FAR
0.22
Lot Size
0.14 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Crystal Shop
- Retailer
- 580 SF
- $1.50
- Triple Net
- -
- Kelley & Young
- Accommodation and Food Services
- 752 SF
- $1.26
- Modified Gross
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Crystal Shop | Retailer | 580 SF | $1.50 | Triple Net | - | |
| Kelley & Young | Accommodation and Food Services | 752 SF | $1.26 | Modified Gross | - |
Walk Score®
Very Walkable (78)
Nearby Major Retailers
Property Taxes
| Parcel Number | 001-122-027 | Improvements Assessment | $136,904 |
| Land Assessment | $75,357 | Total Assessment | $212,261 |
Property Taxes
Parcel Number
001-122-027
Land Assessment
$75,357
Improvements Assessment
$136,904
Total Assessment
$212,261
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Unique Wine Tasting Facility/Retail Space | 119 S Cloverdale Blvd
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