Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    109 Professional Center Pkwy San Rafael, CA 94903

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $7,175,000

    20-unit apartment complex in Marin County's growing tech hub.

    Property size:
    14,348 SF

    Property Features for 109 Professional Center Pkwy

    General Information

    Standard status
    Active
    Size
    14,348 SF

    Building Details

    Year built
    1962

    We can help!

    Listing Contact
    Jefrey Henderson
    Source: Corcoran

    Listing Agency: JEFREY HENDERSON, BROKER Listing Agent: Jefrey Henderson

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

    Learn more

    Overview

    San Rafael Multifamily Investment Opportunity

    Located at 109 Professional Center Parkway in San Rafael, The Heights Apartments comprise 20 units. The unit mix consists of ten 1-bedroom, 1-bathroom units and ten 2-bedroom, 1-bathroom units. The property, totaling 14,348 square feet, has undergone light renovations including LVT flooring and countertops. Situated in Marin County, which is emerging as a secondary tech hub due to the AI boom originating in San Francisco, the property offers investors the opportunity to leverage the area's expanding pool of skilled talent. With strong in-place cash flow and future upside potential, this property presents an opportunity in one of California's top rental markets.
    Location Intelligence

    Current Use by Public Records

    The Heights Luxury Apartments Apartment Building

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    San Rafael
    County
    Marin
    State
    California
    Longitude
    -122.5370475
    Latitude
    38.0100166

    Nearby Similar for Sale

    • $2,000,000
      6,685 SF

      San Rafael Retail Investment Opportunity

      High-visibility retail property in downtown San Rafael with income potential.
      1566 4Th St, San Rafael, CA 94901
      View Details
    • Contact for pricing

      Medical Office Building Leased to Kaiser

      27,200 SF medical office building 100% leased to Kaiser Permanente.
      111 Smith Ranch Rd, San Rafael, CA 94903
      View Details
    • $1,310,000
      0.23 Acres

      Land in San Rafael, CA

      Land available in San Rafael, CA for sale.
      Coleman Dr, San Rafael, CA 94901
      View Details
    • $3,325,000
      4,780 SF

      Updated Corner Restaurant Opportunity

      Updated corner restaurant in neighborhood shopping center, San Rafael.
      655 Del Ganado Rd, San Rafael, CA 94903
      View Details
    • $2,500,000
      9,163 SF

      Fully Leased San Rafael Retail

      Prime retail investment opportunity in the heart of San Rafael.
      1417 4Th St, San Rafael, CA 94901
      View Details
    • $599,000
      2,000 SF

      San Rafael Commercial Building For Sale

      Two-story commercial building in downtown San Rafael, fully leased.
      1108 Tamalpais Ave, San Rafael, CA 94901
      View Details
    • $8,165,000

      Fully Leased San Rafael Office Building

      29,923 SF office building in prime Marin County location.
      851 Irwin St, San Rafael, CA 94901
      View Details
    • $3,495,000
      4,687 SF

      San Rafael Quadruplex Estate

      Elegant estate with multi-family zoning and income potential.
      42 Grove St, San Rafael, CA 94901
      View Details
    • $1,650,000
      4,240 SF

      San Rafael Commercial Property For Sale

      Single tenant commercial property in downtown San Rafael.
      1466 Lincoln Ave, San Rafael, CA 94901
      View Details
    • $6,500,000
      28,689 SF

      Improved Industrial Building with Cleanrooms

      28,689 SF light industrial building featuring clean rooms.
      2591 Kerner Blvd, San Rafael, CA 94901
      View Details
    • $1,800,000

      San Rafael Commercial Condominium Opportunity

      Three contiguous commercial condominiums with office and warehouse space for sale.
      1925 Francisco Blvd E, San Rafael, CA 94901
      View Details
    • $3,900,000

      Downtown San Rafael Investment Opportunity

      Fully leased multi-tenant property with retail and office spaces.
      901 4Th St, San Rafael, CA 94901
      View Details

    FAQs

    What type of property is this?
    Apartment building - 20-unit apartment complex in Marin County's growing tech hub.
    Where is this apartment building located?
    The property is located at 109 Professional Center Pkwy San Rafael, CA.
    What is the asking price?
    The asking price for this property is $7,175,000.
    What are key features of this property?
    This property features: - Strong in-place cash flow with future upside potential.; - Located in Marin County, one of California's top rental markets.; - Benefit from Marin County's emergence as a secondary tech hub due to the AI boom.
    (408) 453-7461
    Request Owner's contact information
    109 Professional Center Pkwy San Rafael, CA 94903
    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.
    109 Professional Center Pkwy
    San Rafael, CA 94903
    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
    109 Professional Center Pkwy San Rafael, CA 94903
    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

    We can help!
    Listing Contact
    Jefrey Henderson
    (408) 453-7461 (415) 535-7414
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!