2208 Olivet Road
$7,075,000
—
4,776
4,776
$1,481
Listed By Compass
Description
Investment Opportunity!! 12.11 acre property located in the heart of Sonoma County. The property hosts a thriving grapevine nursery & well established vineyard support company, both of which are long-term tenants with 7-8 years remaining on their leases and an expressed willingness to extend. Their long-term leases provide a stable and reliable income stream with a NOI of $531,788+/-, generating a robust 7.5% cap rate based on actual numbers. Improvements include multiple green houses, Ag support...Investment Opportunity!! 12.11 acre property located in the heart of Sonoma County. The property hosts a thriving grapevine nursery & well established vineyard support company, both of which are long-term tenants with 7-8 years remaining on their leases and an expressed willingness to extend. Their long-term leases provide a stable and reliable income stream with a NOI of $531,788+/-, generating a robust 7.5% cap rate based on actual numbers. Improvements include multiple green houses, Ag support structures, office spaces and equipment storage. There is a 3 bed, 2.5 bath approx 2100 sq home with RV storage and garage currently leased month to month to a solid tenant. Two wells with multiple storage tanks on site.
Listing Agents
Property Details for 2208 Olivet Road
Zoning
LIA40
Cross StreetRiver Road
Total Parking Spaces50
LISTING UPDATED: 11/18/2024 09:45 AM
Property Details for 2208 Olivet Road
Status | Active |
---|---|
MLS # | 324087339 |
Days on Compass | 3 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale / Mixed Use |
Year Built | 1980 |
Lot Size | 12.11 AC / 527,511 SF |
County | Sonoma County |
Compensation Remarks | Sellers open to discussion regarding buyer broker compensation. |
Building Information for 2208 Olivet Road
Stories1Residences-Year Built1980Lot Size12.11 AC / 527,511 SF
Property Information for 2208 Olivet Road
Property History for 2208 Olivet Road
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2208 Olivet Road
Taxable ValueLand$1,248,480Additions$1,456,560Total$2,705,040
Tax Record2024$32,049 ($2,671 / month)
Home Facts
Baths2.5Total Finished SqFt2,004 SqFtAbove Grade Finished SqFt2,004 SqFtStories1Lot Size527,511 SqFtStyleNurseryYear Built1980Year Renovated1981CountySONOMAAPN057-030-065-000Fireplace TypeHas Fireplace
Schools near 2208 Olivet Road
This home is within Piner-Olivet Union Elementary School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Charter - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 12 |
Rating | School | Distance |
---|---|---|
Olivet Elementary Charter School CharterK to 6 | ||
Hilliard Comstock Middle School Public7 to 8 | ||
Piner High School Public9 to 12 | ||
Northwest Prep at Piner-Olivet School CharterK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.