Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    973 Grand Ave San Rafael, CA 94901

    • Office Properties & Spaces
    • 440 SF
    For Lease
    View listing
    $2 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 973 Grand Ave

    Property size
    440 SF
    Property type
    Office Properties & Spaces

    Description

    This exceptional 440-square-foot executive office suite is ideally located at 973 Grand Avenue in San Rafael, Marin County, California (zip code 94901). The space is currently entirely vacant and ready for immediate occupancy. The property is classified as an office building with multiple tenancies. The suite boasts abundant natural light thanks to its extensive glass frontage. Convenient on-site parking is available for tenants and clients. Shared common area restrooms are provided for the building's occupants. This location offers excellent visibility and accessibility. The building enjoys a vibrant mix of established businesses, including a dry cleaner, coffee shop, hair salon, and nail salon, creating a thriving and convenient environment for your business. This is a rare opportunity to secure a well-situated, move-in ready executive office space in a desirable Marin County location. The property is situated at 37.971701 latitude and -122.5189979 longitude. This presents a unique chance to establish a presence in a bustling commercial area with a strong existing tenant base. Don't miss this chance to secure your ideal office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    San Rafael
    County
    Marin
    State
    California
    Longitude
    -122.519
    Latitude
    37.9717

    Comparable in this City

    • Value Estimation by Request
      9,885 SF

      111 Larkspur St

      Flex space • 9,885 SF
      111 Larkspur St, San Rafael, CA 94901
      View Details
    • Value Estimation by Request
      15,297 SF

      1005 A St

      Office Properties & Spaces • 15,297 SF
      1005 A St, San Rafael, CA 94901
      View Details
    • Value Estimation by Request
      12,932 SF

      181 3Rd St

      Office Properties & Spaces • 12,932 SF
      181 3Rd St, San Rafael, CA 94901
      View Details
    • Value Estimation by Request
      28,689 SF

      2591-2597 Kerner Blvd

      Life science properties • 28,689 SF
      2591-2597 Kerner Blvd, San Rafael, CA 94901
      View Details
    • Value Estimation by Request
      3,958 SF

      1344 4Th St

      Office Properties & Spaces • 3,958 SF
      1344 4Th St, San Rafael, CA 94901
      View Details
    • Value Estimation by Request
      3,950 SF

      1017 E St

      Office Properties & Spaces • 3,950 SF
      1017 E St, San Rafael, CA 94901
      View Details

    Similar Nearby for Sale

    • $1,298,000
      2,558 SF

      San Rafael Executive Office Building

      Charming Office, 2558 SF, 10 Parking Spots
      1115 Irwin St, San Rafael, CA 94901
      View Details
    • $3,900,000

      Downtown San Rafael Investment Opportunity

      Fully leased multi-tenant property with retail and office spaces.
      901 4Th St, San Rafael, CA 94901
      View Details
    • $1,800,000

      San Rafael Commercial Condominium Opportunity

      Three contiguous commercial condominiums with office and warehouse space for sale.
      1925 Francisco Blvd E, San Rafael, CA 94901
      View Details
    • $6,500,000
      28,689 SF

      Improved Industrial Building with Cleanrooms

      28,689 SF light industrial building featuring clean rooms.
      2591 Kerner Blvd, San Rafael, CA 94901
      View Details
    • $3,600,000
      10,335 SF

      San Rafael Office Redevelopment Opportunity

      10,335 SF office building with redevelopment potential.
      790 Mission Ave, San Rafael, CA 94901
      View Details
    • $8,165,000

      Fully Leased San Rafael Office Building

      29,923 SF office building in prime Marin County location.
      851 Irwin St, San Rafael, CA 94901
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      440 SF

      Executive Office Suite, San Rafael

      Prime San Rafael Office, 440 SF Available
      973 Grand Ave, San Rafael, CA 94901
      View Details
    • Contact for pricing
      11,000 SF

      Marin Masonic Executive Suites

      Prestigious Downtown Office Spaces Available
      888 4Th St, San Rafael, CA 94901
      View Details
    • Contact for pricing
      5,763 SF

      San Rafael Office & Warehouse

      Office and warehouse space in San Rafael with Bay views.
      101 Glacier Pt, San Rafael, CA 94901
      View Details
    • Contact for pricing
      1,147 SF

      San Rafael Office Space Available

      Top floor office space with private offices and kitchenette.
      999 5Th Ave, San Rafael, CA 94901
      View Details
    • Contact for pricing
      600 SF

      San Rafael Office Space Available

      Office space with private lobby and views for rent.
      1408 4Th St, San Rafael, CA 94901
      View Details
    • $1.45 SF/Yr

      Renovated Industrial Flex Building

      Three-tenant industrial flex building with office and warehouse space for rent.
      2591 Kerner Blvd, San Rafael, CA 94901
      View Details
    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.
    973 Grand Ave
    San Rafael, CA 94901
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!