Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fairfax Mixed-Use Development Opportunity Title is generated by Realmo AI

    10 Olema Rd, Fairfax, CA 94930

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.22-acre property with development potential in Fairfax, California.

    Type:Land, Mixed Use
    Lot size:
    1.22 Acres
    Added:
    Jan 23, 2026
    Days on Market:
    117
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 10 Olema Rd

    General Information

    Standard status
    Active
    Lot size
    1.22 Acres
    Property subtype
    Land, Mixed Use

    We can help!

    Listing Contact
    Jason Gomez

    Listing agent Jason Gomez License #01391802

    Listing office ARG Real Estate

    Listing date Jan 23, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of ARG Real Estate

    HighLights

    • 1.22‑acre property in the heart of Fairfax with Commercial Limited (CL) zoning.
    • Identified by the Town of Fairfax as a housing opportunity location within the town's Workforce overlay map.
    • Two primary structures: Renovated Victorian (formerly an art gallery) and a freestanding Barn (formerly a retail shop).
    • Versatile spaces suitable for creative, commercial, or mixed‑use concepts.
    • Several smaller outbuildings previously used by local artisans.
    • Expansive grounds with mature natural surroundings and close proximity to downtown Fairfax.

    Overview

    This 1.22-acre property is located in Fairfax and offers flexibility and development potential. It is situated in the Commercial Limited (CL) zoning district and identified by the Town of Fairfax as a housing opportunity location within the town's Workforce overlay map. The property includes two primary structures: a renovated Victorian building, formerly an art gallery, featuring bright open space on the main level and a large, open lower level previously used as additional gallery space, versatile for creative, commercial, or mixed-use concepts; and a freestanding barn, last used as a retail shop, with wide-open interiors. Several smaller outbuildings on the site were recently used by local artisans for small-scale creative work and craft production, offering additional utility or future redevelopment options. The property features expansive grounds, mature natural surroundings, and proximity to downtown Fairfax.
    Location Intelligence

    Current Use by Public Records

    Kitchen King Construction Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fairfax
    County
    Marin
    State
    California
    Longitude
    -122.5937168
    Latitude
    37.9923523

    Nearby Similar for Sale

    • $250,000

      Buildable Lot with Road Access

      Buildable lot with views, road access, and past utilities.
      223 Tamalpais Road, Fairfax, CA 94930
      View Details
    • $150,000

      Fairfax Land with Mountain Views

      1.27-acre residential lot with views near downtown Fairfax, CA.
      Valley Road, Fairfax, CA 94930
      View Details
    • $2,950,000
      6,113 SF

      Fairfax Mixed-Use Development Opportunity

      1.22-acre property with development potential in Fairfax's Commercial Limited district.
      2170 Sir Francis Drake Boulevard, Fairfax, CA 94930
      View Details
    • $1,150,000
      1,825 SF

      Retail Space For Sale

      Retail space available, totaling 1,825 square feet.
      1824 Sir Francis Drake Blvd, Fairfax, CA 94930
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 1.22-acre property with development potential in Fairfax, California.
    Where is this mixed-use property located?
    The property is located at 10 Olema Rd Fairfax, CA.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: 1.22‑acre property in the heart of Fairfax with Commercial Limited (CL) zoning.; Identified by the Town of Fairfax as a housing opportunity location within the town's Workforce overlay map.; Two primary structures: **Renovated Victorian** (formerly an art gallery) and a **freestanding Barn** (formerly a retail shop).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jason Gomez
    Real Estate License ID: 01391802
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    10 Olema Rd, Fairfax, CA 94930
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!