Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    35 Corte Madera Ave Mill Valley, CA 94941-1800

    • Commercial real estate
    • 2,000 SF
    • 0.22 lot acres
    OFF-MARKET
    Last Sale
    Jan 14, 2022
    $1,300,000
    Value Estimations
    $1,280,000
    Show details
    Cap Rate Potential
    3.2%
    Commercial real estate
    Location Intelligence
    Property ID
    US10-3137337
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • illumigarden / Landscape Lighting Designer
    • House Properties / Real Estate Developer

    Property Details for 35 Corte Madera Ave

    Year built
    1939
    Lot size
    0.22 lot acres
    Property size
    2,000 SF
    Property type
    Commercial real estate
    APN
    028-011-13
    APU
    2801113

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,245,000
      ML approach
      $1,275,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,627,000
      Market price range: $800k - $1.63M

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

    Location Insight

    • Map
    • Local Demand
    City
    Mill Valley
    County
    Marin
    State
    California
    Longitude
    -122.548
    Latitude
    37.9076
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $22,354
    $1,138,719
    $602,851
    $1,741,570
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      16.08 Acres

      5 Chapel Dr

      COMMERCIAL (GENERAL) • 16.08 Acres
      5 Chapel Dr, Mill Valley, CA 94941
      View Details
    • Value Estimation by Request
      1,289 SF

      159 Blithedale Ave

      COMMERCIAL (GENERAL) • 1,289 SF
      159 Blithedale Ave, Mill Valley, CA 94941-2027
      View Details
    • Value Estimation
      $2,400,000
      12,000 SF

      45 Camino Alto

      COMMERCIAL (GENERAL) • 12,000 SF
      45 Camino Alto, Mill Valley, CA 94941-2929
      View Details
    • Value Estimation
      $2,035,000
      7,112 SF

      413 Miller Ave

      COMMERCIAL (GENERAL) • 7,112 SF
      413 Miller Ave, Mill Valley, CA 94941-2903
      View Details
    • Value Estimation
      $5,460,000
      28,112 SF

      799 Redwood Hwy Frontage Rd

      COMMERCIAL (GENERAL) • 28,112 SF
      799 Redwood Hwy Frontage Rd, Mill Valley, CA 94941
      View Details
    • Value Estimation
      $1,410,000
      6,044 SF

      35 Reed Blvd

      COMMERCIAL (GENERAL) • 6,044 SF
      35 Reed Blvd, Mill Valley, CA 94941-2323
      View Details

    Similar Nearby for Sale

    • $999,000
      4,000 SF

      Mill Valley Music Store Sale

      Established music business, prime location.
      110 Tiburon Blvd, Mill Valley, CA 94941
      View Details
    • $585,000

      Downslope Lot with Valley Views

      Serene downslope lot in Mill Valley with expired approved plans.
      10 East Laverne Ave, Mill Valley, CA 94941
      View Details
    • $2,000,000
      2,530 SF

      Versatile Mill Valley Office Building

      Historic property with office and residential conversion potential.
      271 Miller Ave, Mill Valley, CA 94941
      View Details
    • $595,000

      Approved Lot in Tam Valley

      Ready-to-build lot with approved plans in a prime location.
      320 Tennessee Ave, Mill Valley, CA 94941
      View Details
    • $5,500,000
      3,700 SF

      Established Automotive Business with Expansion Potential

      Two-unit retail building with automotive repair business in high-traffic location.
      242 Shoreline Hwy, Mill Valley, CA 94941
      View Details
    • New
      $2,800,000
      5,760 SF

      Mixed-Use Property in Downtown Mill

      Rare Mill Valley mixed-use property with income and upside potential.
      158-160 E Blithedale Ave, Mill Valley, CA 94941
      View Details

    Similar Nearby for Lease

    • $53 SF/Yr
      1,200 SF

      Prime Mill Valley Executive Office Space

      1,200 SF Office, Ample Parking
      61 Camino Alto, Mill Valley, CA 94941
      View Details
    • $0.29 SF/Yr
      10,200 SF

      Mill Valley Office Space Available

      Second-floor office space suitable for medical or general office use.
      147 Lomita Dr, Mill Valley, CA 94941
      View Details
    • Contact for pricing
      1,325 SF

      Mill Valley Shopping Center Space

      Retail space available in vibrant Mill Valley shopping center.
      800 Redwood Hwy Frontage Rd, Mill Valley, CA 94941
      View Details
    • $36 SF/Yr
      4,996 SF

      Mill Valley Office Space Available

      Office space for rent in Mill Valley, approximately 4,996 square feet.
      145 Lomita Dr, Mill Valley, CA 94941
      View Details
    • $3 SF/Yr

      Premier Mill Valley Office Space

      Professional office building with freeway access and small suites available.
      655 Redwood Hwy, Mill Valley, CA 94941
      View Details
    • $3 SF/Yr
      467 SF

      Downtown Mill Valley Office Space

      Office spaces for rent in Mill Valley's downtown area.
      38 Miller Ave, Mill Valley, CA 94941
      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.
    35 Corte Madera Ave
    Mill Valley, CA 94941-1800
    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

    Google sign-in failed. Please try again or use another login method.