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    60 E Sir Francis Drake Blvd Larkspur, CA 94939

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    For Lease
    $63 SF/Yr ($6,473 /Mo)

    Office space in Larkspur with views and covered parking.

    Property size:
    1,233 SF
    Lot size:
    5.92 Acres

    Property Features for 60 E Sir Francis Drake Blvd

    General Information

    Size
    1,233 SF
    Lot size
    5.92 Acres

    We can help!

    Listing Contact
    C. Whitney Strotz
    Source: Moodyscre

    Listing Agent: C. Whitney Strotz

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

    Learn more

    Property Insight Report

    Overview

    Larkspur Office Space with Bay Views

    This office space, located in Larkspur, California, features award-winning architecture with operable windows and numerous private decks. The interior includes extensive glass finishes that showcase expansive views of the San Francisco Bay and Mt. Tamalpais. Covered parking is available. The property also offers on-site amenities such as a conference center with a theater-style auditorium and a conference room, as well as shower and locker facilities. It is located in close proximity to the ferry, dining options, waterfront trails, a hotel, and other essential services. The property has a size of 1233 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Trans-Tec Services Gas Station Gilmartin Group LLC Corporate Office Greenstone Partners & Co Investment Company Richard C Hoertkorn ... Financial Planner Analyst Hub Financial Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Larkspur
    County
    Marin
    State
    California
    Longitude
    -122.5119096
    Latitude
    37.943882

    Nearby Similar for Lease

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      Larkspur Office Space For Rent

      Office space with views of San Francisco Bay and Mt. Tamalpais.
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    • $42 SF/Yr
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    • Contact for pricing
      8,415 SF

      Larkspur Office Space Sublease

      Sublease available with flexible terms, professional finishes, and views.
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    • $4 SF/Yr
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    FAQs

    What type of property is this?
    Office space - Office space in Larkspur with views and covered parking.
    Where is this office space located?
    The property is located at 60 E Sir Francis Drake Blvd Larkspur, CA.
    What is the lease rate?
    The lease rate is $63 SF/Yr.
    What are key features of this property?
    This property features: - Expansive views of San Francisco Bay and Mt. Tamalpais; - Award winning architecture; - Operable windows and numerous private decks
    (415) 485-0500
    Request Owner's contact information
    60 E Sir Francis Drake Blvd Larkspur, CA 94939
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    Larkspur, CA 94939
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    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
    60 E Sir Francis Drake Blvd Larkspur, CA 94939
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    We can help!
    Listing Contact
    C. Whitney Strotz
    (415) 485-0500
    Learn more
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