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    Small Bay Industrial Building Title is generated by Realmo AI

    517 Jacoby St, San Rafael, CA

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    Small bay industrial building with easy highway access.

    Type:INDUSTRIAL
    Property size:
    22,096 SF
    Lot size:
    0.96 Acres
    Price / SF:
    $294/SF
    Added:
    Feb 17, 2025
    Days on Market:
    474
    Last Refresh:
    May 20 at 9:41 pm

    Property Features for 517 Jacoby St

    General Information

    Standard status
    Active
    Size
    22,096 SF
    Lot size
    0.96 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Haden Ongaro

    Listing agent Haden Ongaro License #00916960

    Listing office Newmark | San Rafael

    Listing date Feb 17, 2025

    Source Moodyscre

    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

    HighLights

    • Fully leased to long‑term tenants on month‑to‑month leases, providing immediate income and ultimate flexibility.
    • Well‑located industrial building, approximately 0.5 miles from Highway 101 and Interstate 580, offering easy access to key locations.
    • Difficult to find, small bay industrial building with ten ±1,800 square foot bays, each with a 10’ roll‑up door and approximately 18’ clear height.
    • Recent capital improvements including a new roof, electrical panels, and a resurfaced parking lot.
    • Well‑parked with approximately 37 parking stalls, providing ample parking.
    • Proximity to Marin Square and other amenities.

    Overview

    The property at 517 Jacoby Street is a small bay industrial building featuring ten bays, each approximately 1,800 square feet. Each bay includes a 10-foot roll-up door and an interior clear height of approximately 18 feet. The building also offers three office suites at the front. The property has been maintained with updates including a new roof, electrical panels, and a resurfaced parking lot. Approximately 37 parking stalls provide ample parking for tenants and clients. The property is currently 100% leased to ten tenants with varying uses, including automotive and a printing company. Most tenants have been at the building for years and are on month-to-month or short-term leases. The industrial building is located approximately 0.5 miles from both Highway 101 and Interstate 580, providing access to San Francisco, northern Marin, Sonoma County, and the East Bay. The property is also near Marin Square and amenities such as Michael’s Sourdough and BlueWave Express Car Wash.
    Property Profile Location Intelligence

    Current Use by Public Records

    ELECTRIX Electrical Service IDT, Inc. Telecommunications Service Benjamin Franklin Plumbing Service Good Fortune Cleaning (Bike/Boat/Book/etc) Store Greving brothers Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • S&J CATERING — 60 Belvedere St, San Rafael, CA 94901
    • Santina Stabile Catering — 27 Hillview Ave, San Rafael, CA 94901
    • Debbie Ghiringhelli Catering — 1241 Andersen Dr, San Rafael, CA 94901
    • Ann Walker Catering — 1241 Andersen Dr Suite M, San Rafael, CA 94901
    • Bartenders Unlimited — 1 Simms St STE 100, San Rafael, CA 94901

    Location Insight

    • Map
    • Local Demand
    City
    San Rafael
    County
    Marin
    State
    California
    Longitude
    -122.506
    Latitude
    37.9545

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    FAQs

    What type of property is this?
    Flex space - Small bay industrial building with easy highway access.
    Where is this flex space located?
    The property is located at 517 Jacoby St San Rafael, CA.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: Fully leased to long‑term tenants on month‑to‑month leases, providing immediate income and ultimate flexibility.; Well‑located industrial building, approximately 0.5 miles from Highway 101 and Interstate 580, offering easy access to key locations.; Difficult to find, small bay industrial building with ten ±1,800 square foot bays, each with a 10’ roll‑up door and approximately 18’ clear height.
    (415) 526-7676 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Haden Ongaro
    Real Estate License ID: 00916960
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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.

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