Garden-Style Medical Office
880 Las Gallinas Ave San Rafael, CA 94903
880 Las Gallinas Ave, San Rafael, CA, 94903
$2,399,000
For Sale
$2,399,000
Garden-style office property with direct-access suites, gated parking, and updated roof and HVAC systems within the past 10 years.
Property Size6,467 SF
Price / SF$370.96
Days on Market73
Property Features for 880 Las Gallinas Ave
General Information
- Standard status
- Active
- Size
- 6,467 SF
Listing agency
West End Properties
(415) 479-7979
Listed by
Aref Ahmadia · License #01011093
Source
Exprealty
Added: May 11 Updated: Jul 21 at 12:47PM Checked: Jul 21 at 12:47PM
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 West End Properties
Investment Insights
Based on property information with market context.
880 Las Gallinas is a well-maintained, garden-style office property featuring small, direct-access suites. The building’s suite configuration supports a stable mix of medical, office, and service-oriented professionals with a history of long-term tenancy.
The property is located near Highway 101 in Marin County and offers convenient access to retail and dining amenities at Northgate Mall and Northgate II. On-site parking is gated, and there is ample street parking available for tenants and visitors.
Recent capital improvements include updated roof and HVAC systems within the past 10 years, helping support the property’s ongoing functionality and day-to-day comfort.
The property is located near Highway 101 in Marin County and offers convenient access to retail and dining amenities at Northgate Mall and Northgate II. On-site parking is gated, and there is ample street parking available for tenants and visitors.
Recent capital improvements include updated roof and HVAC systems within the past 10 years, helping support the property’s ongoing functionality and day-to-day comfort.
Key Highlights
- Garden‑style office property totaling approx. 6,467 rentable SF in Marin County, CA
- Small, direct‑access suites with a history of long‑term tenancy and a mix of medical, office, and service professionals
- Capital improvements include updated roof and HVAC systems within the past 10 years
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 | $233.6k | $36.12 |
| − Vacancy | −$59.3k | −$9.17 |
| EGI | $174.3k | $26.95 |
| − OpEx | −$43.6k | −$6.74 |
| NOI | $130.7k | $20.21 |
6,467 SF · lease $36.12/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.87M
$1.63M – $2.18M
NOI $130,693 @ 7.0% cap · market cap 5.45%
Second Best
Healthcare Medical
$1.58M
$1.38M – $1.85M
NOI $110,772 @ 7.0% cap · market cap 4.62%
Theoretical Best
Specialty Retail
$31.59M
$27.64M – $36.85M
NOI $2,211,205 @ 7.0% cap · market cap 92.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Aparna Subramanian
Dental Office
Women's Health Clinic
Community Health Centre
MCHWC Admin
Community Health Centre
Enchantment Air
Freight Service
Whole Health Associates ...
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Garden-style office property with direct-access suites, gated parking, and updated roof and HVAC systems within the past 10 years.
Where is this office building located?
The property is located at 880 Las Gallinas Ave San Rafael, CA.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: Garden‑style office property totaling approx. 6,467 rentable SF in Marin County, CA; Small, direct‑access suites with a history of long‑term tenancy and a mix of medical, office, and service professionals; Capital improvements include updated roof and HVAC systems within the past 10 years
