Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    999 Andersen Dr San Rafael, CA 94901
    Back to Search
    Property profile & analytics

    999 Andersen Dr, San Rafael, CA 94901

    View on Map
    • Warehouses
    • 29,600 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • BodyVibe Studio / Gym & Fitness Center
    • Nia Marin / Gym & Fitness Center
    • Noble House Spice / Big Box & Wholesale Store / Grocery & Convenience Store
    • ATM / Atm
    • Bank of Marin / Bank / Loan Service

    Property Details for 999 Andersen Dr

    Year built
    1985
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional industrial property, located at 999 Andersen Drive in San Rafael, California, presents a rare opportunity for businesses seeking warehouse or distribution space in Marin County. The 29,600 square foot building, constructed in 1985, offers multiple tenancy options, with a minimum divisible space of 942 square feet and a maximum contiguous space of 2,496 square feet. Currently, 3,438 square feet are vacant and ready for immediate occupancy. The property sits on a 1.7-acre lot and is zoned LI/O, providing flexibility for a variety of industrial uses. The building boasts 800 amps of 480V 3-phase power, ensuring ample capacity for even the most demanding operations. Its convenient location offers easy access to major transportation arteries, including the Golden Gate and Richmond-San Rafael Bridges, US 101, and Interstate 580, facilitating efficient logistics and distribution. The property is centrally located near numerous home improvement, hardware, and lumber yards in San Rafael, providing convenient access to suppliers and resources. Furthermore, its proximity to local amenities, including Michael's Sourdough, adds to its appeal. This property is ideal for businesses seeking a well-located, functional, and versatile warehouse space in the thriving Marin County market. The ample parking further enhances the property's practicality and convenience.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Rafael
    County
    Marin
    State
    California
    Longitude
    -122.505
    Latitude
    37.9565

    Comparable in this City

    • Value Estimation by Request
      33,664 SF

      143 Market St

      Distribution properties
      143 Market St, San Rafael, CA 94901
      View Details
    • Value Estimation
      $760,000
      6,000 SF

      36 Frnt St

      INDUSTRIAL (GENERAL)
      36 Frnt St, San Rafael, CA 94901-4009
      View Details
    • Value Estimation
      $8,265,000
      48,571 SF

      21 Duffy Pl

      INDUSTRIAL (GENERAL)
      21 Duffy Pl, San Rafael, CA 94901-3912
      View Details
    • Value Estimation
      $1,845,000
      14,000 SF

      25 Pelican Way

      INDUSTRIAL (GENERAL)
      25 Pelican Way, San Rafael, CA 94901-5562
      View Details
    • Value Estimation
      $1,650,000
      13,160 SF

      24 Tiburon St

      INDUSTRIAL (GENERAL)
      24 Tiburon St, San Rafael, CA 94901-4722
      View Details
    • Value Estimation
      $1,135,000
      6,940 SF

      121 Jordan St

      INDUSTRIAL (GENERAL)
      121 Jordan St, San Rafael, CA 94901-3919
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,500 SF

      Warehouse with Roll-Up Door

      Warehouse with roll-up door, high ceilings, and private bathroom.
      911 Francisco Blvd E, San Rafael, CA 94901
      View Details
    • $2,600,000
      8,000 SF

      San Rafael Commercial Industrial Property

      8,000 SF commercial property ideal for owner-users or investors.
      25 Market St, San Rafael, CA 94901
      View Details
    • $1,595,000
      5,280 SF

      San Rafael Industrial Property

      Fully leased industrial property with high visibility and convenient access.
      735 Lincoln Ave, San Rafael, CA 94901
      View Details
    • Contact for pricing
      22,096 SF

      Small Bay Industrial Building

      Small bay industrial building with easy highway access.
      517 Jacoby St, San Rafael, CA 94901
      View Details
    • Contact for pricing
      8,568 SF

      San Rafael Multifamily Investment Opportunity

      Eleven-unit apartment building in San Rafael, California.
      16 Marian Ct, San Rafael, CA 94901
      View Details
    • $3,450,000
      5,342 SF

      Brookside Apartments Investment Opportunity

      Boutique multifamily property in San Rafael's Gerstle Park market.
      B St, San Rafael, CA 94901
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,050 SF

      San Rafael Warehouse with Office

      6,050 SF warehouse with frontage and excellent highway access.
      654 Irwin St, San Rafael, CA 94901
      View Details
    • $1.30 SF/Yr
      8,199 SF

      San Rafael Warehouse and Office

      Mixed warehouse and office space with convenient access and parking.
      999 Andersen Dr, San Rafael, CA 94901
      View Details
    • Contact for pricing

      San Rafael Industrial Space Available

      Industrial space for lease with roll-up doors and fenced yard.
      502 Irwin St, San Rafael, CA 94901
      View Details
    • Contact for pricing
      6,050 SF

      Insulated Warehouse with Mezzanine Office

      Open warehouse with high ceilings, restroom, breakroom, and mezzanine.
      654 Irwin St, San Rafael, CA 94901
      View Details
    • Contact for pricing
      1,152 SF

      San Rafael Warehouse Space Available

      Industrial warehouse space for lease in San Rafael, California.
      3060 Kerner Blvd, San Rafael, CA 94901
      View Details
    • Contact for pricing
      31,859 SF

      Industrial/Flex Buildings in San Rafael

      Versatile industrial/flex buildings suitable for various business uses.
      3160 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.
    999 Andersen Dr
    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

    Thank You for Inquiry
    999 Andersen Dr, San Rafael, CA, 94901
    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!