Two-Story Office
4136 Redwood Hwy, San Rafael, CA 94901
For Sale
New
Contact for pricing
Both levels offer open interiors, with fire sprinklers and separate gas and electric meters serving the building.
Property Size14,222 SF
Price / SF$175.78
Days on Market7
Property Features for 4136 Redwood Hwy
General Information
Standard status
Size
Property subtype
Additional Details
Condition
Utilities to Site
Sprinkler System
Building Details
Buildings
Stories
Building Size
Listing Agency:
HL Commercial Real Estate
Listed By:
Mark Cooper · License CA #01814831
(415) 454-2030
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 5:44PM
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 HL Commercial Real Estate
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Investment Insights
Based on property information with market context.
The two-level office building contains approximately 14,222 square feet. Each floor is configured as a large open area, with wallboard removed to the studs. Fire sprinklers serve the building, which has multiple gas and electric meters. The space may be divisible, and tenant improvements are considered individually.
The property is in the North San Rafael Commercial Center area along Redwood Hwy, among professional offices, service businesses, and retail users. Potential uses identified for the property include office, medical or dental, education and training, showroom, fitness, specialty retail, and multi-tenant commercial occupancy, subject to City approvals.
The property is in the North San Rafael Commercial Center area along Redwood Hwy, among professional offices, service businesses, and retail users. Potential uses identified for the property include office, medical or dental, education and training, showroom, fitness, specialty retail, and multi-tenant commercial occupancy, subject to City approvals.
Key Highlights
- Approximately 14,222 square feet across two floors
- Both floors are large open spaces with sheetrock removed to the studs
- Building‑wide fire sprinklers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$191,293
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,825,860
$3.8M
Cap Rate 7%
$2,732,757
$2.7M
Cap Rate 9%
$2,125,478
$2.1M
Market Conditions
NOI Build-Up for 14,222 SF
Gross rent
$298.7K $21.00/SF
− Vacancy
−$25.4K −$1.79/SF
EGI
$273.3K $19.22/SF
− OpEx
−$82.0K −$5.76/SF
NOI
$191.3K $13.45/SF
Area
Marin County, CA
Vacancy
8.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,825,860
Cap Rate 7%
$2,732,757
Cap Rate 9%
$2,125,478
Alternative Uses
Best Use
Office B
$4.11M
$3.59M – $4.79M
NOI $287,414 @ 7.0% cap · market cap 11.50%
Second Best
Retail
$2.73M
$2.39M – $3.19M
NOI $191,293 @ 7.0% cap · market cap 7.65%
Theoretical Best
Multifamily LT 5
$6.82M
$5.97M – $7.96M
NOI $477,363 @ 7.0% cap · market cap 19.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,043
Businesses Nearby
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
$1,369,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Marin County, CA
Properties on Market for Office buildings in Marin County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Both levels offer open interiors, with fire sprinklers and separate gas and electric meters serving the building.
Where is this office building located?
The property is located at 4136 Redwood Hwy San Rafael, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Approximately 14,222 square feet across two floors; Both floors are large open spaces with sheetrock removed to the studs; Building‑wide fire sprinklers
