Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    179-181 3rd St San Rafael, CA

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

    Office space with waterway and Mt. Tamalpais views.

    Type:OFFICE
    Property size:
    2,634 SF
    Lot size:
    1.02 Acres
    Added:
    May 20, 2025
    Days on Market:
    354
    Last Refresh:
    Apr 5 at 9:37 pm

    Property Features for 179-181 3rd St

    General Information

    Standard status
    Active
    Size
    2,634 SF
    Lot size
    1.02 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 179-181 3rd St Contact us

    We can help!

    Listing Contact
    Brian Foster

    Listing agent Brian Foster

    Listing office Cushman & Wakefield | Larkspur

    Listing date May 20, 2025

    Source Moodyscre

    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 Cushman & Wakefield | Larkspur

    HighLights

    • Views of waterway and Mt. Tamalpais
    • Abundant natural light
    • Extensive glass line
    • Large parking lot
    • Ample parking

    Overview

    San Rafael Office Space Available

    This office space in San Rafael, CA, offers 2,634 square feet for rent. The property features an extensive glass line, providing abundant natural light and views of the waterway and Mt. Tamalpais. A large parking lot offers ample parking.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    San Rafael
    County
    Marin
    State
    California
    Longitude
    -122.515
    Latitude
    37.969

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      CA, San Rafael - 4th Street

      1000 4Th St, Unit 3RD, San Rafael, CA 94901
      View Details
    • $2,750/Mo

      San Rafael Commercial Space For Rent

      Prime commercial space in a vibrant, high-traffic San Rafael location.
      2020 4TH STREET, San Rafael, CA 94901
      View Details
    • Contact for pricing

      Civic Center

      4040 Civic Center Dr, Unit 200, San Rafael, CA 94903
      View Details
    • $740/Mo

      San Rafael Office/Studio Space ForRent

      Office/Studio space in vibrant downtown San Rafael, CA.
      1000 Fifth Ave, 2nd Floor, San Rafael, CA 94901
      View Details
    • $3 SF/Yr

      San Rafael Office Space Available

      Office space with private offices, workstations, and highway access.
      4304 Redwood Hwy, San Rafael, CA 94903
      View Details
    • $2 SF/Yr

      San Rafael Office or Retail

      Office or retail space on San Rafael's Miracle Mile.
      2140 4th Street, San Rafael, CA 94901
      View Details
    • $2 SF/Yr

      Remodeled Retail Space in San Rafael

      Recently remodeled retail space with excellent visibility and natural light.
      1820 4th Street, San Rafael, CA 94901
      View Details
    • $1.19 SF/Yr

      Premier Office Space in San Rafael

      Exceptional leasing opportunity with modern amenities and convenient location.
      68 Mitchell Blvd., San Rafael,, San Rafael, CA 949903
      View Details
    • $2 SF/Yr

      Prime Retail Space on 4th

      Retail space with frontage display windows and great visibility.
      1310 4th St, San Rafael, CA 94901
      View Details
    • $1.30 SF/Yr

      San Rafael Warehouse and Office

      Mixed warehouse and office space with convenient access and parking.
      999 Andersen Dr, San Rafael, CA 94901
      View Details
    • $1.85 SF/Yr

      San Rafael Office Space Available

      Office space with ample parking and convenient transportation access.
      933 Francisco Boulevard East, San Rafael, CA 94901
      View Details
    • $18 SF/Yr

      Downtown Retail Space Available

      Prominent downtown San Rafael building with high visibility.
      1212 Fourth St, San Rafael, CA
      View Details

    FAQs

    What type of property is this?
    Office units - Office space with waterway and Mt. Tamalpais views.
    Where is this office units located?
    The property is located at 179-181 3rd St San Rafael, CA.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: Views of waterway and Mt. Tamalpais; Abundant natural light; Extensive glass line
    (415) 485-0500 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brian Foster
    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
    179-181 3rd St, San Rafael, CA
    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!