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Property profile & analytics
OFF-MARKET
Estimated value
$6,755,000
Commercial real estate
101 Nellen Ave, Corte Madera, CA 94925-1180
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-0902885
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1972
Total area
10,861 SF
Lot
0.69 ac (30,000 SF)
APN
024-042-01
UPID
US09-0902885
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Private Mortgage Advisors - Marin Loan Service Bank
-
Helen Luttemo Alain Pinel Realtors Real Estate Agency
-
chrisad Advertising Agency Marketing & Advertising
-
CS Foundation Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.23M
Blend (final)
Blend
$6.76M
Owner & transaction history
Chrisad INC
Chrisad INC
since 2026
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Corte Madera submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corte Madera submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$6,405,000
ML approach
$7,140,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,135,000
Current use
Blend value · Realmo final
$6.76M
Range $6.08M – $7.43M · ±10% · vs last sale $7.00M (May 22 2025)
Last sale anchor
$7.00M
May 22 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$622 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$86,713
Tax year 2024
Assessed value
$7,282,800
Assessed 2024
Previous assessed
$7,282,800
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$3,121,200
Assessed improvement
$4,161,600
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1972
Heating
NONE
Total area
10,861 SF
Lot
0.69 ac (30,000 SF)
APN
024-042-01
UPID
US09-0902885
Jurisdiction
MARIN
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.1M
COMMERCIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1972
Heating
NONE
Lot
0.69 ac
Current owner
From public records · entity-resolved
Chrisad INC
Entity
Mailing address
30 LAGOON RD, BELVEDERE, CA 94920-2319
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2026
—
Chrisad INC
John R Christensen Livng Trust
Deed
$2,601,000 · The Mortgage Capital Development Corp
May 22, 2025
—
John Roy Christensen
John Roy Christensen
Deed
related
$3,000,000 · City National Bank
Feb 25, 2022
$7,000,000
John R Christensen
101 Nellen Associates LLC
Grant Deed
$5,000,000 · Summit State Bank
Mar 28, 2019
—
101 Nellen Associates LLC
—
Deed
related
$1,717,314 · Wells Fargo Bk
Nov 21, 2017
—
101 Nellen Associates LLC
—
Deed
related
$1,830,490 · Wells Fargo Bank NA
Jan 23, 2002
—
101 Neilen Associates LLC
Jackovics,thomas P & Judit M
Grant Deed
related
—
Nov 8, 1999
$1,550,000
Jackovics,thomas P & Judit M
Hurwin,ron S
Trustees Deed
—
Nov 8, 1999
—
Sabastayen Jackovics
Jackovics,colleen M
Quit Claim Deed
related
$1,200,000 · Metro Commerce Bank NA
Jul 24, 1998
—
Ron S Hurwin
Hurwin,duffy
Quit Claim Deed
related
—
Jul 24, 1998
$1,200,000
Hurwin,ron S
Delgado,miiguel A & Rebecca
Trustees Deed
$900,000 · Westamerica Bank
Sep 19, 1997
—
Miguel A Delgado
Delgado,miguel A
Quit Claim Deed
related
—
Sep 19, 1997
$757,500
Delgado,miguel A
American Real Estate Holdings
Trustees Deed
$454,500 · Westamerica Bank
—
—
101 Nellen Associates LLC
—
Loan Modification
related
$1,717,314 · Wells Fargo Bk
—
—
Thomas P Jackovics
—
Deed Of Trust
related
$2,710,000 · Greater Bay Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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