Flex Warehouse with Loading
For Sale
Contact for pricing
634 5th Ave, San Rafael, CA 94901
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 Market227
Property Features for 634 5th Ave
General Information
Standard status
Active
Size
4,719 SF
Property subtype
INDUSTRIAL
Additional Details
Clear Height
16 ft
Amenities
handicap access
Listing Agency:
Meridian Commercial
(415) 451-4900
Listed By:
Steve Easley · License #00378205
(415) 272-6147
Source:
Moodyscre
Added: Mar 16
Changed: Oct 26
Last Checked: Oct 26 at 2:44PM
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 Meridian Commercial
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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
Estimated NOI and Cap Rate
NOI / Yr
$72,008
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,440,160
$1.4M
Cap Rate 7%
$1,028,686
$1.0M
Cap Rate 9%
$800,089
$800.1K
Market Conditions
NOI Build-Up for 4,719 SF
Gross rent
$90.6K $19.20/SF
− Vacancy
−$5.9K −$1.25/SF
EGI
$84.7K $17.95/SF
− OpEx
−$12.7K −$2.69/SF
NOI
$72.0K $15.26/SF
Area
Marin County, CA
Vacancy
6.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,440,160
Cap Rate 7%
$1,028,686
Cap Rate 9%
$800,089
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.
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Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
3,635
Businesses Nearby
Balanced
Demand for This Use
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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
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Stacy Scott Catering, The Art of Good Taste — 930 Tamalpais Ave, San Rafael, CA 94901
- Dee's Organic Catering — 1545 4th St, San Rafael, CA 94901
- Bella Luxe Events & Bella Cucina Catering — 1545 4th St, 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
