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Property profile & analytics
FOR LEASE
Commercial real estate
1050 Northgate Dr San Rafael, CA 94903
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0902919
For Lease
1 / 2
$30 SF/Yr
1050 Northgate Dr, San Rafael, CA 94903
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1969
Total area
58,322 SF
Lot
2.42 ac (105,544 SF)
APN
178-240-20
UPID
US09-0902919
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
-
Terra Linda Dental Group Dental Office
-
Select Dental Dental Office
-
Terra Linda Dental Group: Yevgeniya Valchuk, DDS Dental Office
-
Terra Linda Dental Group: Fong Delinda DDS Dental Office
-
Dental Medicine Providers Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.76M
Owner & transaction history
Ncp Commercial LLC · 4 yrs held
Ncp Commercial LLC
since 2021
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 San Rafael submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Rafael 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$219 / 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
$226,307
Tax year 2024
Assessed value
$17,861,807
Assessed 2024
Previous assessed
$17,861,807
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$7,137,144
Assessed improvement
$10,724,663
Applied tax rate
8.0000
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
For Lease
Year built
1969
Heating
NONE
Total area
58,322 SF
Lot
2.42 ac (105,544 SF)
APN
178-240-20
UPID
US09-0902919
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
Building & site characteristics
From public records
Year built
1969
Heating
NONE
Lot
2.42 ac
Current owner
From public records · entity-resolved
Ncp Commercial LLC
Entity
Mailing address
37 GRAHAM ST STE 200B, SAN FRANCISCO, CA 94129-1724
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2021
—
Ncp Commercial LLC
Professional Investors 42 LLC
Grant Deed
—
Aug 16, 2018
$197,250,000
Professional Investors 42 LLC
1050 Northgate Property Owner LLC
Grant Deed
$11,865,000 · Five Star Bank
Nov 20, 2014
$14,100,000
1050 Northgate Property Owner LLC
191 II Bah/1050 Northgate LLC
Grant Deed
$8,650,000 · Wells Fargo Bank NA
Apr 25, 2007
—
191 II Bah & 1050 Northgate LLC
Mendoza,genaro
Grant Deed
$12,025,000 · Wachovia Bank NA
Nov 13, 2002
—
Genaro Mendoza
Mendoza,mirna E
Quit Claim Deed
related
$9,625,000 · Greater Bay Bank Marin
Apr 16, 1999
$8,900,000
1050 Northgate Drive LLC
1050 Northgate Partners
Grant Deed
related
$6,675,000 · Luther Burbank Savings & Loan
—
—
191 II Bah & 1050 Northgate LLC
—
Loan Modification
related
—
—
—
1050 Northgate Drive LLC
—
Deed Of Trust
related
$1,500,000 · Luther Burbank Savings & Loan
—
—
Genaro Mendoza
—
Deed Of Trust
related
$1,700,000 · Tamalpais 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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