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Property profile & analytics
OFF-MARKET
Estimated value
$11,405,000
Commercial real estate
45 Tamal Vis Blvd 100, Corte Madera, CA 94925-1144
Individually Owned
32-yr Hold
~
Est. High Equity
Property ID
US09-2811253
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1962
Total area
77,656 SF
Lot
2.1 ac (91,597 SF)
APN
024-031-28
UPID
US09-2811253
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
-
Marin Suites Hotel Hotel & Motel
-
Passages bookstore (Bike/Boat/Book/etc) Store
-
Great Find! Lovely King Studio, Pool, Breakfast, Parking, Close TO Attractions Hotel & Motel
-
Ultimate BAY Area Vacation Starts Here! Comfy King Studio, Free Breakfast, Pool! Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.41M
Owner & transaction history
Jack Blatman · 32 yrs held
Jack Blatman
since 1994
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Corte Madera submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corte Madera 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$147 / 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
$95,316
Tax year 2024
Assessed value
$4,337,840
Assessed 2024
Previous assessed
$4,337,840
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$516,774
Assessed improvement
$3,821,066
Applied tax rate
2.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1962
Heating
NONE
Total area
77,656 SF
Lot
2.1 ac (91,597 SF)
APN
024-031-28
UPID
US09-2811253
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
Building & site characteristics
From public records
Year built
1962
Heating
NONE
Lot
2.1 ac
Current owner
From public records · entity-resolved
Jack Blatman
Individual
Mailing address
45 TAMAL VIS BLVD, CORTE MADERA, CA 94925-1144
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1994
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2017
—
Marin Suites Hotel LLC
—
Deed
related
$2,000 · Bank Of Marin
Jun 21, 1994
—
Jack Blatman
Blatman,jack
Quit Claim Deed
related
—
May 16, 1994
—
Jack Blatman
Blatman,margaret
Quit Claim Deed
$1,100,000 · Westamerica Bank
—
—
Madera Village Suites
—
Deed Of Trust
related
$2,800,000 · Westamerica Bank
—
—
Marin Suites Hotel LLC
—
Deed Of Trust
related
$3,900,000 · Bank Of Marin
—
—
Marin Suites Hotel LLC
—
Loan Modification
related
$2,000 · Bank Of Marin
—
—
Marin Suites Hotel LLC
—
Deed Of Trust
related
$3,100,000 · Bank Of Marin
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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