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Property profile & analytics
OFF-MARKET
Estimated value
$14,920,000
Commercial real estate
700 Larkspur Lndg Cir Larkspur, CA 94939-1715
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2908471
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1979
Total area
59,847 SF
Lot
3.09 ac (134,600 SF)
APN
018-191-09
UPID
US09-2908471
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
-
Express Mobile Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Benefits by Design Insurance Services Insurance Agency
-
Covered California Certified Agent Insurance Agency
-
Law Offices of Daniel L. DuRee Law Firm
-
Kobesky Family Law Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.65M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.92M
Owner & transaction history
Jppf Larkspur Landing Office P · 10 yrs held
Jppf Larkspur Landing Office P
since 2016
5 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 Larkspur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Larkspur 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,200,000
6.5%
$18,645,000
7%
$17,315,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$22,785,000
Current use
INDUSTRIAL (GENERAL)
$18,450,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$14.92M
Range $13.43M – $16.41M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$249 / 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
$398,437
Tax year 2024
Assessed value
$30,650,389
Assessed 2024
Previous assessed
$30,650,389
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$10,723,574
Assessed improvement
$19,926,815
Applied tax rate
4.0000
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
1979
Heating
NONE
Total area
59,847 SF
Lot
3.09 ac (134,600 SF)
APN
018-191-09
UPID
US09-2908471
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$22.8M
INDUSTRIAL (GENERAL)
Est. value
$18.5M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Lot
3.09 ac
Current owner
From public records · entity-resolved
Jppf Larkspur Landing Office P
Individual
Free & Clear · 10 yrs held
Mailing address
7TH FL FL FL #7, ATLANTA, GA
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2016
$82,000,000
Jppf Larkspur Landing Office P
Ca-larkspur Landing Office Par
Grant Deed
—
Jun 29, 2001
—
Spk Larkspur Landing Offc Pk
Spieker Properties LP
Grant Deed
related
—
Feb 29, 2000
—
Spieker Properties LP
Lincoln Larkspur Office One
Trustees Deed
related
—
—
—
Lincoln Larkspur Office One
—
Deed Of Trust
related
$5,900,000 · Principal Mutual Life Ins
—
—
Jppf Larkspur Landing Office P
—
Deed Of Trust
related
$45,100,000 · Jp Morgan Chase Bk
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.
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