Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    68 Mitchell Blvd, Unit San Rafael San Rafael, CA 94990
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    68 Mitchell Blvd, Unit San Rafael San Rafael, CA 94990

    View on Map
    • Commercial real estate
    • 16,428 SF
    • 0.96 lot acres
    For Lease
    $1.19 SF/Yr
    View Listing →
    Premier Office Space in San Rafael For Lease
    $1.19 SF/Yr
    16,428 SF

    Premier Office Space in San Rafael

    Exceptional leasing opportunity with modern amenities and convenient location.

    68 Mitchell Blvd., San Rafael, San Rafael, CA 94990
    View Listing
    Property ID
    US10-3255241
    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

    • Dotto Construction Co, Inc. / Construction Company
    • Taylor Marlea D CPA / Accounting Firm / Tax Preparation
    • Caccamo & Grib / Accounting Firm / Tax Preparation
    • Holden Nathaniel / Accounting Firm / Tax Preparation
    • Ford Smith Accountancy / Tax Preparation

    Property Details for 68 Mitchell Blvd

    Year built
    1972
    Lot size
    0.96 lot acres
    Property size
    16,428 SF
    Property type
    Commercial real estate
    APN
    155-141-27
    APU
    15514127

    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
    -122.538
    Latitude
    38.0165
    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
    $53,836
    $2,061,937
    $2,091,393
    $4,153,330
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.66 Acres

      65 Mitchell Blvd

      COMMERCIAL (GENERAL) • 0.66 Acres
      65 Mitchell Blvd, San Rafael, CA 94903-2000
      View Details
    • Value Estimation
      $21,220,000
      85,066 SF

      1 Las Gallinas Ave

      COMMERCIAL (GENERAL) • 85,066 SF
      1 Las Gallinas Ave, San Rafael, CA 94903-3965
      View Details
    • Value Estimation
      $5,720,000
      32,794 SF

      1401 Los Gamos Dr

      COMMERCIAL (GENERAL) • 32,794 SF
      1401 Los Gamos Dr, San Rafael, CA 94903-1809
      View Details
    • Value Estimation
      $5,600,000
      31,816 SF

      7 Mt Lassen Dr

      COMMERCIAL (GENERAL) • 31,816 SF
      7 Mt Lassen Dr, San Rafael, CA 94903-1148
      View Details
    • Value Estimation
      $30,685,000
      206,892 SF

      9000 Northgate Dr

      COMMERCIAL (GENERAL) • 206,892 SF
      9000 Northgate Dr, San Rafael, CA 94903-3625
      View Details
    • Value Estimation
      $8,155,000
      54,108 SF

      150 Paul Dr

      COMMERCIAL (GENERAL) • 54,108 SF
      150 Paul Dr, San Rafael, CA 94903-2008
      View Details

    Similar Nearby for Sale

    • $3,325,000
      4,780 SF

      Restaurant Buildings with Patio and Parking

      Two restaurant buildings with outdoor seating and ample parking.
      621 Del Ganado Rd, San Rafael, CA 94903
      View Details
    • $2,000,000

      San Rafael Office Condominium Opportunity

      Spectacularly improved office condominium in the Vineyard Business Center.
      4304 Redwood Hwy, San Rafael, CA 94903
      View Details
    • Contact for pricing
      4,780 SF

      Two San Rafael Restaurant Buildings

      Two restaurant buildings totaling 4,780 SF for sale.
      655 Del Ganado Rd, San Rafael, CA 94903
      View Details
    • $7,175,000
      14,348 SF

      San Rafael Multifamily Investment Opportunity

      20-unit apartment complex in Marin County's growing tech hub.
      109 Professional Center Pkwy, San Rafael, CA 94903
      View Details
    • $746,000
      1,622 SF

      Warehouse Condo at The Vineyard

      Like-new warehouse condo, turn-key, best priced in the project.
      4320 Redwood Dr, San Rafael, CA 94903
      View Details
    • $1,800,000

      San Rafael Land Opportunity

      Four lots available in San Rafael, California.
      106 Lucas Valley Rd, San Rafael, CA 94903
      View Details

    Similar Nearby for Lease

    • $42 SF/Yr
      1,785 SF

      Office Space with Fifth Floor Views

      Office space featuring private offices, conference room, and reception area.
      1050 Northgate Dr, San Rafael, CA 94903
      View Details
    • Contact for pricing

      Office Space in Creekside Location

      Office space for lease in San Rafael/Larkspur with ample parking.
      7 Mount Lassen Dr, San Rafael, CA 94903
      View Details
    • Contact for pricing

      San Rafael Flex/Retail Space

      Flex/Retail space available for lease in San Rafael, California.
      1009 E St, San Rafael, CA 94903
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in San Rafael, California.
      5800 Northgate Dr, San Rafael, CA 94903
      View Details
    • Contact for pricing
      3,041 SF

      San Rafael Office Space Available

      Office space with highway visibility and high-end finishes.
      1401 Los Gamos Dr, San Rafael, CA 94903
      View Details
    • Contact for pricing
      2,034 SF

      Modern Office Space Available

      Updated office and medical spaces with abundant natural light.
      899 Northgate Dr, San Rafael, CA 94903
      View Details
    View Listing
    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.
    68 Mitchell Blvd, Unit San Rafael
    San Rafael, CA 94990
    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.
    Sign Up Successful!
    You now have access to more from Realmo!