Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    17 Prospect Dr San Rafael, CA 94901

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,550,000

    Well-maintained triplex near downtown San Rafael with tenant-paid utilities.

    Lot size:
    0.16 Acres

    Property Features for 17 Prospect Dr

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1954

    We can help!

    Listing Contact
    Cara R. Cavanaugh
    Cara R. Cavanaugh
    Source: Elliman

    Listing Agent: Cara R. Cavanaugh

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

    Learn more

    Overview

    San Rafael Triplex with Views

    This well-maintained triplex is located just north of downtown San Rafael, in a quiet neighborhood off Lincoln Ave. The property offers views and convenient access to the 101 freeway and public transportation. The triplex consists of two buildings. The front building features three garage spaces at street level and Unit 17, a two-bedroom, one-bathroom unit, above the garages. The rear building contains Unit 19A, a four-bedroom, one-bathroom unit, and Unit 19B, a one-bedroom, one-bathroom unit. All units are currently rented, and tenants are responsible for their own utilities. The property is located a short distance from amenities in San Rafael.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Clothing Store Nail Salon 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
    -122.5224951
    Latitude
    37.9791719

    Nearby Similar for Sale

    • $2,000,000
      0.23 Acres

      Spacious Fourplex with Bay Views

      Four-unit property in San Rafael with bay views and investment potential.
      215 Picnic Ave, San Rafael, CA 94901
      View Details
    • $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
    • $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
    • $5,250,000
      12,684 SF

      Mixed-Use Property in Downtown San Rafael

      Mixed-use property with residential and commercial units in vibrant downtown.
      1226-1230 4Th St, San Rafael, CA 94901
      View Details
    • $3,325,000
      4,780 SF

      Restaurant Buildings with Patio and Parking

      Two restaurant buildings with outdoor seating and ample parking.
      621 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
    • $6,500,000
      22,096 SF

      Small Bay Industrial Building

      Small bay industrial building with easy highway access.
      517 Jacoby St, San Rafael, CA 94901
      View Details
    • $2,450,000
      8,568 SF

      San Rafael Multifamily Investment Opportunity

      Two-building property with below-market rents and value-add potential.
      16 Marian Ct, San Rafael, CA 94901
      View Details
    • $1,998,000
      5,184 SF

      Turnkey Auto Business For Sale

      Established auto service business with real property in San Rafael.
      40 Woodland Ave, San Rafael, CA 94901
      View Details
    • $4,050,000
      6,380 SF

      San Rafael Multifamily Investment Opportunity

      Eleven-unit multifamily property in San Rafael with rental appreciation potential.
      1476 Lincoln Ave, San Rafael, CA 94901
      View Details
    • $4,500,000

      Mixed-Use Investment Property in San Rafael

      Thirteen-unit mixed-use property in downtown San Rafael with retail and multifamily.
      4Th St, 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

    FAQs

    What type of property is this?
    Triplex - Well-maintained triplex near downtown San Rafael with tenant-paid utilities.
    Where is this triplex located?
    The property is located at 17 Prospect Dr San Rafael, CA.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: - Triplex with three units currently rented, providing immediate rental income.; - Prime location near downtown San Rafael, offering convenience and accessibility.; - Easy access to Highway 101 and public transportation.
    (510) 504-3992
    Request Owner's contact information
    17 Prospect Dr San Rafael, CA 94901
    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.
    17 Prospect Dr
    San Rafael, CA 94901
    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
    17 Prospect Dr San Rafael, CA 94901
    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
    Cara R. Cavanaugh
    Cara R. Cavanaugh
    (510) 504-3992
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.