Financial
Distress signals
Property profile

2591-2597 Kerner Blvd San Rafael, CA 94901

FOR LEASE
Commercial real estate
Property ID
US09-2153893
28,696 SF 1.7 ac lot Built 1986
Last sale Dec 2025 · $4,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 28,689-square-foot flex/R&D property at 2591-2597 Kerner Boulevard in San Rafael, CA, presents a compelling owner-user opportunity. The building, constructed in 1986 and renovated in 2007, features a two-story office space at the front and a rear section boasting clean rooms, lab space, and a warehouse with five grade-level roll-up doors. The property benefits from a substantial power supply (2,200 amps of 480/277, 3-phase electrical) and abundant HVAC systems, exceeding

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$118k
Tax billed · 2024
Assessed value$9.02M
Assessed land$2.63M
Assessed improvement$6.39M
Effective rate1.31%

Value estimate

· Sep 2026
$5.69M
$5.12M – $6.25M
Sales comparison$4.58M
NOI build-up
Gross scheduled income$516k
Vacancy & credit loss−$26k
Operating expenses−$147k
NOI · 23,683,241.38% cap applied$343k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$337/SF
ZIP average, outlier-cleaned · 135 recorded sales of this use type
Observed band · Q1–Q3$234 – $503
Qualifying comparables4

Cap rate analysis

How does the asset earn?
23,683,241.38%
$343k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMARIN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency16.1
Hair Salon14.5
Spa & Massage14.4

Location

2591-2597 Kerner Blvd San Rafael, CA 94901
County assessor Recorded deeds · 8 transfers 4 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
523 4th, San Rafael, CA 94901-3310 $7,000,000 Jul 2025 12,875 SF
543 4th, San Rafael, CA 94901 $7,000,000 Jul 2025 11,158 SF
445 Francisco E, San Rafael, CA 94901-4058 $18,500,000 Jun 2025 34,262 SF
898 Lincoln, San Rafael, CA 94901-3330 $6,000,000 Mar 2025 11,157 SF
135 3rd, San Rafael, CA 94901-3545 $1,960,000 Mar 2025 8,664 SF
401 Irwin, San Rafael, CA 94901-5195 $3,100,000 Jan 2025 10,040 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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