Office-Front Warehouse with Roll-Up
54 Mark Drive, San Rafael, CA 94903
An improved flex-style building combining climate-controlled office space with warehouse loading for efficient everyday operations.
Type:Industrial
Property size:
3,404 SFPrice / SF:
$385/SF- Added:
- Jun 16, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 20 at 5:41 am
Property Features for 54 Mark Drive
General Information
- Standard status
- Active
- Size
- 3,404 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1969
Listing office HL Commercial Real Estate
Listing date Jun 16, 2026
Source Crexi
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
HighLights
- Flex‑style building with front‑facing office space and rear warehouse use
- 1969 build with modern climate control: full heating and air conditioning plus insulated ceiling
- Warehouse includes a roll‑up door for loading and unloading
- 400 amp / 120 / 208 power service
- Interior features include two restrooms, a shower, and a wet bar
- Located in an established industrial corridor in San Rafael with convenient access to Highway 101
Overview
This thoughtfully improved building provides a functional blend of front-facing office space and rear warehouse use. The office area includes modern climate control with full heating and air conditioning, supported by an insulated ceiling for year-round comfort. Interior amenities include two restrooms, a shower, and a convenient wet bar. The rear warehouse is equipped with a roll-up door to support efficient loading and unloading. Electrical service is robust, with a 400 amp / 120/208 setup.
Located at 54 Mark Drive in a quiet, established industrial corridor in San Rafael, the property offers convenient access to Highway 101 and key transportation routes throughout Marin County and the greater Bay Area.
This layout is well suited for users who need both customer-facing or administrative office space and a dedicated warehouse area in the same facility. The combination of climate-controlled work areas, practical on-site amenities, roll-up loading, and high-capacity electrical service supports a wide range of light industrial and operations-focused tenants, as well as buyers looking for a versatile owner-operator space.
Located at 54 Mark Drive in a quiet, established industrial corridor in San Rafael, the property offers convenient access to Highway 101 and key transportation routes throughout Marin County and the greater Bay Area.
This layout is well suited for users who need both customer-facing or administrative office space and a dedicated warehouse area in the same facility. The combination of climate-controlled work areas, practical on-site amenities, roll-up loading, and high-capacity electrical service supports a wide range of light industrial and operations-focused tenants, as well as buyers looking for a versatile owner-operator space.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $123.0k | $36.12 |
| − Vacancy | −$31.2k | −$9.17 |
| EGI | $91.7k | $26.95 |
| − OpEx | −$22.9k | −$6.74 |
| NOI | $68.8k | $20.21 |
3,404 SF · lease $36.12/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$982.7K
$859.9K – $1.15M
NOI $68,792 @ 7.0% cap · market cap 5.25%
Second Best
Warehouse
$742.0K
$649.3K – $865.7K
NOI $51,942 @ 7.0% cap · market cap 3.96%
Theoretical Best
Specialty Retail
$16.63M
$14.55M – $19.40M
NOI $1,163,900 @ 7.0% cap · market cap 88.81%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
The Law Offices of Kara ...
Law Firm
Holtz Law
Consultant
Joseph W Caramucci ...
Tax Preparation
Similar Places Nearby
- Sage Catering, Inc — 35 Mitchell Blvd Ste 12, San Rafael, CA 94903
- Cornucopia Catering — 48 Paul Dr. # 8, San Rafael, CA 94903
Location Insight
- Map
- Local Demand
- City
- San Rafael
- County
- Marin
- State
- California
- Longitude
- -122.5368278
- Latitude
- 38.0149913
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - An improved flex-style building combining climate-controlled office space with warehouse loading for efficient everyday operations.
Where is this flex space located?
The property is located at 54 Mark Drive San Rafael, CA.
What is the asking price?
The asking price for this property is $1,310,540.
What are key features of this property?
This property features: Flex‑style building with front‑facing office space and rear warehouse use; 1969 build with modern climate control: full heating and air conditioning plus insulated ceiling; Warehouse includes a roll‑up door for loading and unloading
