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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Industrial properties
39 Ml St, San Rafael, CA 94901-4018
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-1081927
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1961
Total area
5,000 SF
Lot
0.16 ac (7,049 SF)
APN
014-202-27
UPID
US09-1081927
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
-
HAT Racing Enterprises Auto Repair Shop
-
Azevedo's Automotive Machine Auto Repair Shop Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.50M
CAP Approach
CAP
$920k
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.50M
Owner & transaction history
39 Mill Street LLC · 2 yrs held
39 Mill Street LLC
since 2024
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+32.9%
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
Method
Estimation
Statistic approach
$1,500,000
ML approach
$1,500,000
CAP Approach
CAP Return
Estimation
6%
$1,000,000
6.5%
$920,000
7%
$855,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,265,000
Current use
COMMERCIAL (GENERAL)
$1,685,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10% · vs last sale $1.50M (Feb 23 2024)
Last sale anchor
$1.50M
Feb 23 2024
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
$300 / 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
$14,885
Tax year 2024
Assessed value
$962,835
Assessed 2024
Previous assessed
$962,835
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$586,835
Assessed improvement
$376,000
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
1961
Heating
NONE
Total area
5,000 SF
Lot
0.16 ac (7,049 SF)
APN
014-202-27
UPID
US09-1081927
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
1961
Heating
NONE
Lot
0.16 ac
Current owner
From public records · entity-resolved
39 Mill Street LLC
Entity
Mailing address
39 ML ST, SAN RAFAEL, CA 94901-4018
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2024
$1,500,000
39 Mill Street LLC
The Entrust Group INC
Grant Deed
$1,200,000 · Joseph Minuskin Ira 00413
Feb 23, 2024
—
Raya Minuskin
Raya Minuskin
Intrafamily Transfer
related
—
Jan 28, 2014
—
Minuskin,raya Family Trust
Minuskin,daniel P
Quit Claim Deed
related
—
May 4, 2010
—
Raya Minuskin
Azevedo,lorry
Deed In Lieu Of Foreclosure
related
—
Jan 10, 2001
—
Mclachlin Trust
Ruth A Mclachlin Trustee
Quit Claim Deed
related
—
Jan 10, 2001
$580,000
Azevedo,lorry
Mclaughlin Trust
Trustees Deed
$300,000 · Exchange Bank Trustee
Nov 19, 1999
—
Ruffino Trust
Ruffino,richard C
Quit Claim Deed
related
—
—
—
Lorry Azevado
—
Deed Of Trust
related
$30,000 · Raya Minuskin
—
—
Lorry Azevedo
—
Deed Of Trust
related
$425,000 · Kostelnik Trust
—
—
Lorry Azevedo
—
Deed Of Trust
related
$500,000 · Raya Minuskin
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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