Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    440 Canal St San Rafael, CA 94901
    Back to Search
    Property profile & analytics

    440 Canal St, San Rafael, CA 94901

    View on Map
    • Commercial real estate
    • 1,764 SF
    • 0.14 lot acres
    Off-Market
    Property ID
    US09-1133400
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 440 Canal St

    Year built
    2001
    Lot size
    0.14 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional Class A, 3-unit apartment building at 440 Canal St, San Rafael, CA 94901, presents a compelling investment opportunity. Boasting 1,764 square feet across three units (two studios and one 1-bedroom, 2-bathroom two-story unit), this 2001-built property offers 100% occupancy, with a current occupancy date of November 7, 2024. Situated on a 0.14-acre lot, the building features three stories and includes desirable amenities such as private garages with remote openers for all tenants, a private dock with two boat slips, and an electric entrance gate with remote access. The property's location directly on the Canal provides unparalleled privacy and convenience, while its proximity to shopping, entertainment, and employment opportunities enhances its appeal. The asking price is $1,200,000, representing a price per unit of $400,000. This "trophy asset" is the newest apartment building in San Rafael's Canal submarket, offering a rare combination of luxury, location, and strong rental income. Tours are available on November 15th from 11:00 AM to 12:30 PM and November 21st from 3:00 PM to 4:30 PM.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Rafael
    County
    Marin
    State
    California
    Longitude
    -122.5093039
    Latitude
    37.9660258

    Comparable in this City

    • Contact for pricing
      17,158 SF

      San Rafael Multifamily Investment Opportunity

      20-unit apartment building in prime San Rafael location.
      285 Woodland Ave, San Rafael, CA 94901
      View Details
    • Contact for pricing
      8,232 SF

      San Rafael Multifamily Investment Opportunity

      Ten-unit apartment building in San Rafael with value-add potential.
      20 Marian Ct, San Rafael, CA 94901
      View Details
    • $2,850,000
      8,232 SF

      San Rafael Multifamily Investment Opportunity

      Ten-unit apartment building in San Rafael with value-add potential.
      20 Marian Ct, San Rafael, CA 94901
      View Details
    • Contact for pricing
      6,380 SF

      San Rafael Multifamily Investment Opportunity

      Eleven-unit multifamily property in San Rafael with rental appreciation potential.
      1476 Lincoln Ave, San Rafael, CA 94901
      View Details
    • $7,750,000

      San Rafael Multifamily Investment Opportunity

      Multifamily property available now in San Rafael, California.
      San, San Rafael, CA 94901
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,158 SF

      San Rafael Multifamily Investment Opportunity

      20-unit apartment building in prime San Rafael location.
      285 Woodland Ave, San Rafael, CA 94901
      View Details
    • Contact for pricing
      8,568 SF

      San Rafael Multifamily Investment Opportunity

      Eleven-unit apartment building in San Rafael, California.
      16 Marian Ct, San Rafael, CA 94901
      View Details
    • $3,450,000
      5,342 SF

      Brookside Apartments Investment Opportunity

      Boutique multifamily property in San Rafael's Gerstle Park market.
      B St, San Rafael, CA 94901
      View Details
    • Contact for pricing
      8,232 SF

      San Rafael Multifamily Investment Opportunity

      Ten-unit apartment building in San Rafael with value-add potential.
      20 Marian Ct, San Rafael, CA 94901
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,398 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
    • Contact for pricing
      13,065 SF

      San Rafael Office Space Available

      Office space in San Rafael with vaulted ceilings and decks.
      2350 Kerner Blvd, San Rafael, CA 94901
      View Details
    • Contact for pricing
      6,050 SF

      San Rafael Warehouse with Office

      6,050 SF warehouse with frontage and excellent highway access.
      654 Irwin St, San Rafael, CA 94901
      View Details
    • $1.30 SF/Yr
      8,199 SF

      San Rafael Warehouse and Office

      Mixed warehouse and office space with convenient access and parking.
      999 Andersen Dr, San Rafael, CA 94901
      View Details
    • Contact for pricing
      1,613 SF

      Upgraded Office Space Available

      Newly upgraded office space featuring private offices and conference room.
      55 Shaver St, San Rafael, CA 94901
      View Details
    • Contact for pricing
      29,000 SF

      Production and Sound Stage Building

      29,982 SF building with production stage and theater.
      3210 Kerner Blvd, 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.
    440 Canal St
    San Rafael, CA 94901
    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

    Thank You for Inquiry
    440 Canal St, San Rafael, CA, 94901
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!