Multi-Building Warehouse
For Sale
Contact for pricing
15 Dodie St, San Rafael, CA 94901
Three fully leased warehouse buildings offer multiple roll-up doors, separate water metering, and access to major regional routes.
Property Size26,657 SF
Price / SF$239.90
Days on Market52
Property Features for 15 Dodie St
General Information
Standard status
Active
Size
26,657 SF
Property subtype
INDUSTRIAL
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Buildings
3
Tenancy
Multi
Listing Agency:
Newmark | San Rafael
(415) 526-7676
Listed By:
Jerry Suyderhoud · License #CA 00633998
(415) 526-7660
Source:
Moodyscre
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 30 at 3:19PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse portfolio comprises three fully leased commercial buildings totaling 26,657 square feet. The buildings at 41 Simms Street, 15 Dodie Street, and 25 Dodie Street include five tenants, two tenants, and one tenant, respectively. Roll-up door access includes two doors at 41 Simms Street, four at 15 Dodie Street, and two at 25 Dodie Street. New roofs were recently installed, including a new coating on the metal roof at 25 Dodie Street.
The property is served by two water meters, with a separate meter assigned to 25 Dodie Street. A potential lot split could allow 25 Dodie Street to be sold separately. Access to US-Hwy 101 and Interstate 580 is convenient, with SMART’s Larkspur station and the Larkspur Golden Gate Ferry nearby. Smart & Final is across the street, while PACE Supply, Golden State Lumber, Rafael Lumber, and Marin Sanitary Service are within walking distance.
The property is served by two water meters, with a separate meter assigned to 25 Dodie Street. A potential lot split could allow 25 Dodie Street to be sold separately. Access to US-Hwy 101 and Interstate 580 is convenient, with SMART’s Larkspur station and the Larkspur Golden Gate Ferry nearby. Smart & Final is across the street, while PACE Supply, Golden State Lumber, Rafael Lumber, and Marin Sanitary Service are within walking distance.
Key Highlights
- Three fully leased commercial warehouse buildings totaling 26,657 square feet
- 41 Simms Street has five tenants and 2 roll‑up doors
- 15 Dodie Street has two tenants and 4 roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$406,764
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,135,280
$8.1M
Cap Rate 7%
$5,810,914
$5.8M
Cap Rate 9%
$4,519,600
$4.5M
Market Conditions
NOI Build-Up for 26,657 SF
Gross rent
$511.8K $19.20/SF
− Vacancy
−$33.3K −$1.25/SF
EGI
$478.5K $17.95/SF
− OpEx
−$71.8K −$2.69/SF
NOI
$406.8K $15.26/SF
Area
Marin County, CA
Vacancy
6.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,135,280
Cap Rate 7%
$5,810,914
Cap Rate 9%
$4,519,600
Alternative Uses
Best Use
Warehouse
$5.81M
$5.08M – $6.78M
NOI $406,764 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$130.21M
$113.93M – $151.91M
NOI $9,114,595 @ 7.0% cap · market cap 142.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,832
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94901, CA
43,338
Population
16,412
Households
2.6
Avg Household Size
40
Median Age
48%
College-Educated
82%
High-School Grad
13.1 sq mi
ZIP Area
3,308
Density / Sq Mi
$108,837
Median Household Income
$50,122
Median Earnings
$2,229
Median Rent
$1,369,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Three fully leased warehouse buildings offer multiple roll-up doors, separate water metering, and access to major regional routes.
Where is this warehouse located?
The property is located at 15 Dodie St San Rafael, CA.
What is the asking price?
The asking price for this property is $6,395,000.
What are key features of this property?
This property features: Three fully leased commercial warehouse buildings totaling 26,657 square feet; 41 Simms Street has five tenants and 2 roll‑up doors; 15 Dodie Street has two tenants and 4 roll‑up doors
