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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    400 Tamal Plz Corte Madera, CA 94925

    • Commercial real estate
    • 29,712 SF
    • 1.43 lot acres
    For Lease
    View listing
    $36 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2931715
    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

    • Gymnastics In The Cave / Gym & Fitness Center
    • LifeWorks Learning Center / Tutoring Service
    • posted ca / Clothing Store
    • Delaplaine Creative / Film Production / Television Studio
    • Eco Attic Systems / General Contractor / Renovation Specialist

    Property Details for 400 Tamal Plz

    Year built
    1976
    Lot size
    1.43 lot acres
    Property size
    29,712 SF
    Property type
    Commercial real estate
    APN
    024-011-70
    APU
    2401170

    Description

    This exceptional industrial warehouse property in Corte Madera, California, offers two available spaces, ranging from 1,040 to 1,904 square feet. Located at 400 Tamal Plaza, 94925, this Class B building boasts a prime location with convenient access to shops, restaurants, malls, and transportation. The property features a single, two-story building with LI/O zoning, perfect for multiple tenants. Each unit includes a private bathroom and high ceilings (approximately 18.5 feet) with a 12-foot roll-up door, providing ample space for storage and operations. A significant advantage is the availability of additional office space, easily adaptable to tenant needs, allowing for flexible configurations. The corner unit location offers excellent visibility. The property also benefits from a large parking lot and stunning views of Mount Tamalpais. This versatile space is ideal for businesses seeking a well-located, functional warehouse with adaptable office space. The property is zoned for Light Industrial/Office use.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Corte Madera
    County
    Marin
    State
    California
    Longitude
    -122.52
    Latitude
    37.9353
    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
    $74,953
    $1,789,563
    $3,179,257
    $4,968,820
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation
      $510,000
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      8 Tamalpais Dr

      COMMERCIAL (GENERAL) • 1,653 SF
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      5639 Paradise Dr

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      5639 Paradise Dr, Corte Madera, CA 94925
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    • Value Estimation by Request
      0.14 Acres

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      4,502 SF

      118 Corte Madera Ave

      COMMERCIAL (GENERAL) • 4,502 SF
      118 Corte Madera Ave, Corte Madera, CA 94925-1305
      View Details
    • Value Estimation
      $2,515,000
      16,776 SF

      5750 Paradise Dr

      COMMERCIAL (GENERAL) • 16,776 SF
      5750 Paradise Dr, Corte Madera, CA 94925-1237
      View Details

    Similar Nearby for Sale

    • $5,000,000
      10,464 SF

      Tamalpais Drive Specialty Property

      Specialty property available for sale on Tamalpais Drive.
      2 Tamalpais Dr, Corte Madera, CA 94925
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      Historic Multi-Building Campus in Corte Madera

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      Office building with updated interiors and convenient amenities nearby.
      100 Tamal Plz, Corte Madera, CA 94925
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    • $995,000

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    Similar Nearby for Lease

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      Office space in a professionally managed building with plentiful parking.
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    • Contact for pricing
      11,621 SF

      Highway 101 Parking Lot

      High-visibility parking lot on Highway 101 available for lease.
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    • $3 SF/Yr
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      Corte Madera Office Space Available

      Office spaces with natural light, views, and convenient parking.
      400 Tamal Plz, Corte Madera, CA 94925
      View Details
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    Corte Madera, CA 94925
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    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
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