Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Francisco Blvd Office Space Available Title is generated by Realmo AI

    863 Francisco Blvd, San Rafael, CA

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office space available on Francisco Blvd in San Rafael.

    Type:OFFICE
    Property size:
    450 SF
    Lot size:
    1.05 Acres
    Added:
    Oct 30, 2024
    Days on Market:
    579
    Last Refresh:
    May 19 at 9:37 pm

    Property Features for 863 Francisco Blvd

    General Information

    Standard status
    Active
    Size
    450 SF
    Lot size
    1.05 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 863 Francisco Blvd Contact us

    We can help!

    Listing Contact
    Jerry Suyderhoud
    Jerry Suyderhoud

    Listing agent Jerry Suyderhoud

    Listing office Newmark | San Rafael

    Listing date Oct 30, 2024

    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

    • ±3,900 SF total available
    • ±3,450 SF Second floor
    • 9 private offices
    • Conference room
    • Spacious with abundant light
    • $1.95/SF/Month, Gross

    Overview

    Approximately 3,900 square feet of office space is available for lease. This includes approximately 450 square feet on the ground floor and approximately 3,450 square feet on the second floor. The lease rate is $1.95 per square foot per month, on a gross lease basis. The space is described as spacious with abundant natural light and features 9 private offices, a conference room, and a high-tech atmosphere.
    Property Profile Location Intelligence

    Current Use by Public Records

    Harbor Freight Tools Building Supply KeyExpress Locksmiths Locksmith

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    San Rafael
    County
    Marin
    State
    California
    Longitude
    -122.507
    Latitude
    37.9622

    Nearby Similar for Lease

    • Sponsored
      $129-$10,176/Mo
      11-1,292 SF

      CA, San Rafael - 4th Street

      1000 4Th St, Unit 3RD, San Rafael, CA 94901
      View Details
    • $129-$6,223/Mo
      11-1,292 SF

      Civic Center

      4040 Civic Center Dr, Unit 200, San Rafael, CA 94903
      View Details
    • $4,700/Mo
      167 SF

      San Rafael Office Space Available

      Office space with included amenities in San Rafael, California.
      101 Lucas Valley Road, San Rafael, CA 94903
      View Details
    • $2 SF/Yr
      5,048 SF

      Retail Space with Dedicated Parking

      Retail space featuring high ceilings, natural light, and dedicated parking.
      902 3rd St, San Rafael, CA 94901
      View Details
    • $2,750/Mo
      3,250 SF

      San Rafael Commercial Space For Rent

      Prime commercial space in a vibrant, high-traffic San Rafael location.
      2020 4TH STREET, San Rafael, CA 94901
      View Details
    • $1.15 SF/Yr
      12,684 SF

      Prime Retail Space in San Rafael

      Retail space in a vibrant downtown San Rafael location.
      1224 Fourth Street, San Rafael, CA 94901
      View Details
    • $18 SF/Yr
      1,195 SF

      Downtown Retail Space Available

      Prominent downtown San Rafael building with high visibility.
      1212 Fourth St, San Rafael, CA
      View Details
    • $30 SF/Yr
      4,226 SF

      Full Floor Office Space

      Rare full floor office space with excellent freeway access.
      103 Shoreline Pkwy, San Rafael, CA
      View Details
    • $730/Mo

      San Rafael Office/Studio Space ForRent

      Office/Studio space in vibrant downtown San Rafael, CA.
      1000 Fifth Ave, 2nd Floor, San Rafael, CA 94901
      View Details
    • $3 SF/Yr

      San Rafael Office Space Available

      Office space with private offices, workstations, and highway access.
      4304 Redwood Hwy, San Rafael, CA 94903
      View Details
    • $2 SF/Yr

      San Rafael Office or Retail

      Office or retail space on San Rafael's Miracle Mile.
      2140 4th Street, San Rafael, CA 94901
      View Details
    • $34 SF/Yr

      Office Space Available For Rent

      Office space for rent in San Rafael, California.
      1 McInnis Pkwy, #225, San Rafael, CA 94915
      View Details

    FAQs

    What type of property is this?
    Office units - Office space available on Francisco Blvd in San Rafael.
    Where is this office units located?
    The property is located at 863 Francisco Blvd San Rafael, CA.
    What is the lease rate?
    The lease rate is $1.70 SF/Yr.
    What are key features of this property?
    This property features: ±3,900 SF total available; **±3,450 SF Second floor**; 9 private offices
    (415) 526-7660 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jerry Suyderhoud
    Jerry Suyderhoud
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    863 Francisco Blvd, San Rafael, CA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!