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Property profile & analytics
OFF-MARKET
Estimated value
$18,940,000
Commercial real estate
591 Redwood Hwy Frontage Rd, Mill Valley, CA 94941-6001
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US09-2829279
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1982
Total area
92,278 SF
Lot
49.1 ac (2,138,769 SF)
APN
030-260-26
UPID
US09-2829279
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
-
Center for Innovative DBT Crisis Center Medical Clinic
-
Flaxman & Blakey Law Firm
-
David A Laub MD Physician Medical Clinic
-
Kent Lake Capital Corporate Office Financial Advisor
-
Comprehensive Spn And Support Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.94M
Owner & transaction history
Shelterpoint Equities LP · 13 yrs held
Shelterpoint Equities LP
since 2013
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 Mill Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mill Valley 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
$205 / 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
$335,255
Tax year 2024
Assessed value
$26,589,504
Assessed 2024
Previous assessed
$26,589,504
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$6,511,621
Assessed improvement
$20,077,883
Applied tax rate
5.0000
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
1982
Heating
NONE
Total area
92,278 SF
Lot
49.1 ac (2,138,769 SF)
APN
030-260-26
UPID
US09-2829279
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
1982
Heating
NONE
Lot
49.1 ac
Current owner
From public records · entity-resolved
Shelterpoint Equities LP
Entity
Mailing address
591 REDWOOD HWY FRONTAGE RD STE #5000, MILL VALLEY, CA 94941-3064
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2019
—
Sheltepoint Equities LP
—
Deed
related
$1,250,000 · Bank Of Marin
Jun 6, 2013
—
Shelterpoint Equities LP
Shelterpoint Equities Ltd
Quit Claim Deed
related
$13,000,000 · Bank Of Marin
Nov 19, 1993
$1,371,600
Mary Morgan INC
Shelterpoint Equ
Trustees Deed
related
—
Nov 19, 1993
—
Shelterpoint Equities Ltd
Mary Morgan INC
Trustees Deed
related
—
—
—
Shelterpoint Equ
—
Deed Of Trust
related
$3,000,000 · Mutual Benefit I
—
—
Sheltepoint Equities LP
—
Deed Of Trust
related
$1,250,000 · Bank Of Marin
—
—
Shelterpoint Equities Ltd
—
Deed Of Trust
related
$2,000,000 · Exchange Bank
—
—
Shelterpoint Equities Ltd
—
Deed Of Trust
related
$13,000,000 · Fortis Benefits Insurance Co
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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