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Property profile & analytics
OFF-MARKET
Estimated value
$2,225,000
Industrial properties
125 Larkspur St San Rafael, CA 94901-4711
Individually Owned
2-yr Hold
Free & Clear
Property ID
US09-3603148
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1973
Total area
19,592 SF
Lot
0.62 ac (27,000 SF)
APN
008-072-11
UPID
US09-3603148
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
-
PME Drains 2 Plumbing Plumbing Service General Contractor
-
Income Tax AP Solutions Tax Preparation
-
Rodcar Auto Auto Repair Shop
-
Mission Evengelica Penial Church
-
El Quetzal Income Tax Services Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.23M
Owner & transaction history
Douglas K Divine · 2 yrs held
Douglas K Divine
since 2023
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
$114 / 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
$35,167
Tax year 2024
Assessed value
$2,419,186
Assessed 2024
Previous assessed
$2,419,186
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$1,149,679
Assessed improvement
$1,269,507
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1973
Heating
NONE
Total area
19,592 SF
Lot
0.62 ac (27,000 SF)
APN
008-072-11
UPID
US09-3603148
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
1973
Heating
NONE
Lot
0.62 ac
Current owner
From public records · entity-resolved
Douglas K Divine
Individual
Free & Clear · 2 yrs held
Mailing address
PO BOX 1464, OAKDALE, CA 95361-1464
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2023
—
Douglas K Divine
Douglas K Divine
Intrafamily Transfer
related
—
Jul 5, 2016
—
125 Larkspur Street LLC
—
Deed
related
$1,190,000 · Wells Fargo Bank NA
Dec 30, 2010
—
Properties LP Goh
Divine F C & V G 1998 Trust
Grant Deed
—
Oct 10, 2008
$591,500
Properties Goh
Shahnazi,shahram
Grant Deed
—
May 5, 2006
$2,100,000
125 Larkspur Street LLC
Waxman Family Trust
Grant Deed
$1,300,000 · Bank Of Marin
May 5, 2006
—
Shahram Shahnazi
Shahnazi,homa
Quit Claim Deed
related
—
Mar 26, 1999
—
Waxman Trust
Waxman Trust
Quit Claim Deed
related
—
May 25, 1994
—
Waxman Trust
Waxman,robert &
Quit Claim Deed
related
—
—
—
Robert Waxman
—
Deed Of Trust
related
$266,000 · Novato National Bank
—
—
125 Larkspur Street LLC
—
Deed Of Trust
related
$1,190,000 · Wells Fargo Bk
—
—
Waxman Robert
—
Deed Of Trust
related
$500,000 · Bank Of California
—
—
Robert Waxman
—
Deed Of Trust
related
$405,000 · Novato National Bank
—
—
Waxman Trust
—
Deed Of Trust
related
$395,000 · Westamerica 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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