Auto Shop with Side
New
For Sale
$1,798,000
43 Tiburon, San Rafael, CA 94901
Steel-frame tilt-up construction supports an operational automotive business with on-site parking.
Property Size4,000 SF
Price / SF$449.50
Days on Market4
Property Features for 43 Tiburon
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Commercial
Financials
Asking Price
$1,798,000
Business Included
Yes
Additional Details
Highway Access
Yes
Amenities
functional side yard
Metal Roof
Concrete Slab Flooring
Building Details
Year Built
1993
Construction
steel-frame tilt-up
Listing Agency:
VANGUARD PROPERTIES
3217000
Listed By:
DIMITRI RIGOPOULOS · License #01401522
Source:
Corcoran
Added: Aug 11
Changed: Aug 14
Last Checked: Aug 14 at 6:48AM
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 VANGUARD PROPERTIES
Investment Insights
Based on property information with market context.
This automotive property includes approximately 4,000 square feet of clean, maintained industrial space within a steel-frame tilt-up building constructed in 1993. The offering includes the established ongoing business and FFE, providing an operating facility with a functional side yard and on-site parking.
Located in San Rafael, the property provides access to Highway 101 and major transportation corridors. The industrial setting and flexible configuration support automotive, contractor, manufacturing, distribution, and service-related operations, subject to applicable requirements.
Located in San Rafael, the property provides access to Highway 101 and major transportation corridors. The industrial setting and flexible configuration support automotive, contractor, manufacturing, distribution, and service-related operations, subject to applicable requirements.
Key Highlights
- Approximately 4,000 square feet of industrial space
- Established ongoing business included with the real estate
- Steel‑frame tilt‑up construction; built in 1993
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,160
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,123,200
$1.1M
Cap Rate 7%
$802,286
$802.3K
Cap Rate 9%
$624,000
$624.0K
Market Conditions
NOI Build-Up for 4,000 SF
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.
Gross rent
$96.0K $24.00/SF
− Vacancy
−$9.6K −$2.40/SF
EGI
$86.4K $21.60/SF
− OpEx
−$30.2K −$7.56/SF
NOI
$56.2K $14.04/SF
Area
Marin County, CA
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,123,200
Cap Rate 7%
$802,286
Cap Rate 9%
$624,000
Alternative Uses
Best Use
Retail
$18.24M
$15.96M – $21.28M
NOI $1,276,506 @ 7.0% cap · market cap 71.00%
Second Best
Flex RnD
$802.3K
$702.0K – $936.0K
NOI $56,160 @ 7.0% cap · market cap 3.12%
Theoretical Best
Specialty Retail
$19.54M
$17.10M – $22.79M
NOI $1,367,685 @ 7.0% cap · market cap 76.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,826
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Steel-frame tilt-up construction supports an operational automotive business with on-site parking.
Where is this auto shop located?
The property is located at 43 Tiburon San Rafael, CA.
What is the asking price?
The asking price for this property is $1,798,000.
What are key features of this property?
This property features: Approximately 4,000 square feet of industrial space; Established ongoing business included with the real estate; Steel‑frame tilt‑up construction; built in 1993
