Aerial view of 3150 Dutton Ave, Santa Rosa
Accepting Interest
eREIT No. 1 · General Industrial · Sonoma County
3150 Dutton Ave, Santa Rosa
Modular construction factory + Impossible Machines Lab
General Industrial Owner Financed Shovel Ready SMART Train Access 5.95 acres Santa Rosa, CA
Asking Price
$6.48M
Owner financed
Total Invested
$10.1M
Land + improvements
Projected Value
$16.4M
Stabilized (est. yr 5–6)
Target ROI
25%
Above total cost
About this property
The plan for Dutton Ave

3150 Dutton Ave is a 5.95-acre, level, rectangular parcel zoned IG General Industrial in South Santa Rosa — one of the most supply-constrained industrial markets in Northern California. The site is shovel-ready with full utilities including city sewer, water, PG&E gas and electric, storm drain, and fire hydrants. With ±440 feet of Dutton Ave frontage and the SMART commuter rail line running along the eastern boundary, the property has exceptional access for workers traveling from across the Bay Area.

The plan is to develop the site in two connected phases. The larger portion will house a modular construction factory — a controlled environment where building components are fabricated off-site and shipped to Equitide residential projects across Sonoma County. This approach reduces build time and cost significantly compared to traditional site construction. The second facility will house the Impossible Machines Lab, a design and engineering operation focused on automation technology for the factory and future construction applications.

This acquisition is structured as an owner-financed deal. No bank, no lender interest. The seller holds tokens representing their equity position and receives cash as new investors purchase shares — a structure that keeps capital costs low and aligns the seller's long-term interests with the success of the fund.

Costs & projected income
Acquisition & Development
Land purchase price$6,480,000
Factory buildout (40–50K sq ft)$1,800,000
Impossible Machines Lab (20K sq ft)$600,000
Entitlements & permitting$270,000
Soft costs & contingency$950,000
Total Invested$10,100,000
Stabilized Income (Yr 5–6)
Gross annual rental income$910,000
Vacancy (10%)−$91,000
Property tax & insurance−$164,000
Maintenance reserve−$82,000
Equitide AUM (1%)−$82,000
Net Operating Income$491,000
Stabilized value benchmarked at 20× NOI plus factory and IML asset value. Cap rate applies to the income-producing stabilized asset, not raw land.
Equity & liquidity
Equity Split
Investors 80%
Developer 10%
Builder 10%
Developer (Wells & Co)Works at cost
Builder (Wells & Co)Works at cost
Bank financingNone
Investor NOI (stabilized)$393,000 / yr
TierMax OutNoticeReturn
1$10KAnytime4% fixed
2$100K6 monthsFund growth
3Unlimited12+ monthsFull share

Larger withdrawals require advance notice. An equity credit line serves as the Tier 1 liquidity buffer.

From acquisition to cash flow
Property identified
Now
Investor vote open
Q1 2026
Acquisition — owner financed
Q2 2026
Entitlements & permitting
2026–2027
Factory & IML construction
2027–2028
First cash flow
2028
Stabilized operations
2030

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