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

    424 Irwin St San Rafael, CA 94901-5113

    • Industrial properties
    • 4,360 SF
    • 0.57 lot acres
    OFF-MARKET
    Value Estimations
    $425,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0994413
    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

    • Industrial properties

    Property Details for 424 Irwin St

    Year built
    1946
    Lot size
    0.57 lot acres
    Property size
    4,360 SF
    Property type
    Industrial properties
    APN
    013-081-31
    APU
    1308131

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $465,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $384,000
      Market price range: $144k - $385k

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

    Location Insight

    • Map
    • Local Demand
    City
    San Rafael
    County
    Marin
    State
    California
    Longitude
    -122.521
    Latitude
    37.9641
    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
    $23,908
    $1,248,945
    $471,300
    $1,720,245
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $300,000
      0.86 Acres

      520 Du Bois St

      INDUSTRIAL (GENERAL) • 0.86 Acres
      520 Du Bois St, San Rafael, CA 94901
      View Details
    • Value Estimation
      $660,000
      8,456 SF

      530 Du Bois St

      INDUSTRIAL (GENERAL) • 8,456 SF
      530 Du Bois St, San Rafael, CA 94901
      View Details
    • Value Estimation
      $815,000
      59,708 SF

      2155 Francisco E Blvd

      INDUSTRIAL (GENERAL) • 59,708 SF
      2155 Francisco E Blvd, San Rafael, CA 94901
      View Details
    • Value Estimation
      $525,000
      15,730 SF

      400 Irwin St

      INDUSTRIAL (GENERAL) • 15,730 SF
      400 Irwin St, San Rafael, CA 94901-5113
      View Details
    • Value Estimation
      $385,000
      4,000 SF

      35 Jordan St

      INDUSTRIAL (GENERAL) • 4,000 SF
      35 Jordan St, San Rafael, CA 94901-3918
      View Details
    • Value Estimation
      $540,000
      16,988 SF

      2301 Kerner Blvd

      INDUSTRIAL (GENERAL) • 16,988 SF
      2301 Kerner Blvd, San Rafael, CA 94901-5549
      View Details

    Similar Nearby for Sale

    • $1,800,000

      San Rafael Commercial Condominium Opportunity

      Three contiguous commercial condominiums with office and warehouse space for sale.
      1925 Francisco Blvd E, San Rafael, CA 94901
      View Details
    • $6,500,000
      28,689 SF

      Improved Industrial Building with Cleanrooms

      28,689 SF light industrial building featuring clean rooms.
      2591 Kerner Blvd, San Rafael, CA 94901
      View Details
    • $6,500,000
      22,096 SF

      Small Bay Industrial Building

      Small bay industrial building with easy highway access.
      517 Jacoby St, San Rafael, CA 94901
      View Details
    • $3,600,000
      10,335 SF

      San Rafael Office Redevelopment Opportunity

      10,335 SF office building with redevelopment potential.
      790 Mission Ave, San Rafael, CA 94901
      View Details
    • Contact for pricing

      Residential Units on Large Lot

      Three structures with ten residential units on 1.13 acres.
      1485 Lincoln Ave, San Rafael, CA 94901
      View Details
    • $5,250,000
      12,684 SF

      Mixed-Use Property in Downtown San Rafael

      Mixed-use property with residential and commercial units in vibrant downtown.
      1226-1230 4Th St, San Rafael, CA 94901
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      4,922 SF

      San Rafael Office & Warehouse

      Office and warehouse space with convenient access to major transportation.
      2505 Kerner Blvd, San Rafael, CA 94901
      View Details
    • $2.00 SF/Yr
      2,819 SF

      San Rafael Warehouse Space Available

      2819 square foot warehouse space for rent in San Rafael.
      21 Duffy Pl, San Rafael, CA 94901
      View Details
    • $2.00 SF/Yr
      31,859 SF

      Industrial/Flex Buildings in San Rafael

      Versatile industrial/flex buildings suitable for various business uses.
      3160 Kerner Blvd, San Rafael, CA 94901
      View Details
    • $7,970,000
      3,645 SF

      San Rafael Warehouse Space Available

      Industrial warehouse space for lease in San Rafael, California.
      3060 Kerner Blvd, San Rafael, CA 94901
      View Details
    • $1.33 SF/Yr
      5,043 SF

      Warehouse with Roll-Up Door

      Warehouse with roll-up door, high ceilings, and private bathroom.
      911 Francisco Blvd E, San Rafael, CA 94901
      View Details
    • $1.30 SF/Yr

      San Rafael Warehouse and Office

      Mixed warehouse and office space with convenient access and parking.
      999 Andersen Dr, San Rafael, CA 94901
      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.
    424 Irwin St
    San Rafael, CA 94901-5113
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.