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 | 33 |
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 |
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Date | Event & Source | Price |
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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.
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