Small Bay Industrial
517 Jacoby St San Rafael, CA
517 Jacoby St, San Rafael, CA, 00000
Contact for pricing
For Sale
Contact for pricing
Small bay industrial building with easy highway access.
Property Size22,096 SF
Lot Size0.96 Acres
Price / SF$294.17
Days on Market519
Property Features for 517 Jacoby St
General Information
- Standard status
- Active
- Size
- 22,096 SF
- Lot size
- 0.96 Acres
- Property subtype
- INDUSTRIAL
Listing agency
Newmark | San Rafael
(415) 526-7649
Listed by
Haden Ongaro · License #00916960
Source
Moodyscre
Added: Feb 17, 2025 Updated: Jul 6 at 9:50AM Checked: Jul 21 at 4:01AM
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 Newmark | San Rafael
Investment Insights
Based on property information with market context.
The property at 517 Jacoby Street is a small bay industrial building featuring ten bays, each approximately 1,800 square feet. Each bay includes a 10-foot roll-up door and an interior clear height of approximately 18 feet. The building also offers three office suites at the front. The property has been maintained with updates including a new roof, electrical panels, and a resurfaced parking lot. Approximately 37 parking stalls provide ample parking for tenants and clients. The property is currently 100% leased to ten tenants with varying uses, including automotive and a printing company. Most tenants have been at the building for years and are on month-to-month or short-term leases. The industrial building is located approximately 0.5 miles from both Highway 101 and Interstate 580, providing access to San Francisco, northern Marin, Sonoma County, and the East Bay. The property is also near Marin Square and amenities such as Michael’s Sourdough and BlueWave Express Car Wash.
Key Highlights
- Fully leased to long‑term tenants on month‑to‑month leases, providing immediate income and ultimate flexibility.
- Well‑located industrial building, approximately 0.5 miles from Highway 101 and Interstate 580, offering easy access to key locations.
- Difficult to find, small bay industrial building with ten ±1,800 square foot bays, each with a 10’ roll‑up door and approximately 18’ clear height.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $530.3k | $24.00 |
| − Vacancy | −$53.0k | −$2.40 |
| EGI | $477.3k | $21.60 |
| − OpEx | −$167.0k | −$7.56 |
| NOI | $310.2k | $14.04 |
22,096 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$4.43M
$3.88M – $5.17M
NOI $310,228 @ 7.0% cap · market cap 4.77%
Second Best
Industrial
$3.78M
$3.31M – $4.41M
NOI $264,489 @ 7.0% cap · market cap 4.07%
Theoretical Best
Specialty Retail
$107.93M
$94.44M – $125.92M
NOI $7,555,092 @ 7.0% cap · market cap 116.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
ELECTRIX
Electrical Service
IDT, Inc.
Telecommunications Service
Benjamin Franklin
Plumbing Service
Good Fortune Cleaning
(Bike/Boat/Book/etc) Store
Greving brothers
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- S&J CATERING — 60 Belvedere St, San Rafael, CA 94901
- Santina Stabile Catering — 27 Hillview Ave, San Rafael, CA 94901
- Debbie Ghiringhelli Catering — 1241 Andersen Dr, San Rafael, CA 94901
- Ann Walker Catering — 1241 Andersen Dr Suite M, San Rafael, CA 94901
- Bartenders Unlimited — 1 Simms St STE 100, San Rafael, CA 94901
FAQs
What type of property is this?
Flex space - Small bay industrial building with easy highway access.
Where is this flex space located?
The property is located at 517 Jacoby St San Rafael, CA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Fully leased to long‑term tenants on month‑to‑month leases, providing immediate income and ultimate flexibility.; Well‑located industrial building, approximately 0.5 miles from Highway 101 and Interstate 580, offering easy access to key locations.; Difficult to find, small bay industrial building with ten ±1,800 square foot bays, each with a 10’ roll‑up door and approximately 18’ clear height.
