Flex Warehouse with Loading
634 5th Ave San Rafael, CA 94901
For Sale
Contact for pricing
Concrete-and-steel front section with ±16' clear height, plus cinder block rear section with loading dock and 8' garage door.
Property Size4,719 SF
Price / SF$259.59
Days on Market136
Property Features for 634 5th Ave
General Information
Standard status
Active
Size
4,719 SF
Property subtype
INDUSTRIAL
Listing Agency:
Meridian Commercial
(415) 272-6147
Listed By:
Steve Easley · License #00378205
(415) 272-6147
Source:
Moodyscre
Added: Mar 16
Changed: Jul 27
Last Checked: Jul 28 at 3:43PM
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 Meridian Commercial
Investment Insights
Based on property information with market context.
This flex warehouse includes a front section built with poured-in-place concrete and steel beams, providing approximately ±16' clear height. The rear section is constructed with cinder block and features a loading dock and an 8' wide garage door. An on-site front office of approximately 10' x 15' is served by an adjacent bathroom.
A driveway runs along the west side measuring approximately 79' x 9.6'. Handicap access is available from a side door, and plentiful street parking is available in the immediate area. The property is located at 634 5th Ave in San Rafael, CA 94901.
A driveway runs along the west side measuring approximately 79' x 9.6'. Handicap access is available from a side door, and plentiful street parking is available in the immediate area. The property is located at 634 5th Ave in San Rafael, CA 94901.
Key Highlights
- Front section is poured in place concrete with steel beams and approx. 16' clear height
- Rear section uses cinder block construction with a loading dock and an 8' wide garage door
- Front office approx. 10' x 15' with an adjacent bathroom
Financial Insights For Warehouse
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 | $90.6k | $19.20 |
| − Vacancy | −$5.9k | −$1.25 |
| EGI | $84.7k | $17.95 |
| − OpEx | −$12.7k | −$2.69 |
| NOI | $72.0k | $15.26 |
4,719 SF · lease $19.20/SF/yr · vacancy 6.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.03M
$900.1K – $1.20M
NOI $72,008 @ 7.0% cap · market cap 5.88%
Second Best
Flex RnD
$946.5K
$828.2K – $1.10M
NOI $66,255 @ 7.0% cap · market cap 5.41%
Theoretical Best
Specialty Retail
$23.05M
$20.17M – $26.89M
NOI $1,613,526 @ 7.0% cap · market cap 131.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Dee's Organic Catering — 1545 4th St, San Rafael, CA 94901
- Bella Luxe Events & Bella Cucina Catering — 1545 4th St, San Rafael, CA 94901
- Stacy Scott Catering, The Art of Good Taste — 930 Tamalpais Ave, San Rafael, CA 94901
- Veegees San Rafael Ca — 1537 4th St, San Rafael, CA 94901
- Chef Rozanna Catering — 1537 4th St suite E, San Rafael, CA 94901
Frequently Asked Questions
What type of property is this?
Flex space - Concrete-and-steel front section with ±16' clear height, plus cinder block rear section with loading dock and 8' garage door.
Where is this flex space located?
The property is located at 634 5th Ave San Rafael, CA.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Front section is poured in place concrete with steel beams and approx. 16' clear height; Rear section uses cinder block construction with a loading dock and an 8' wide garage door; Front office approx. 10' x 15' with an adjacent bathroom
