Financial
Distress signals
Property profile

851 Irwin St San Rafael, CA 94901

FOR LEASE
Other commercial real estate
Property ID
US09-0070261
28,634 SF 0.46 ac lot Built 1978
Last sale Dec 2022 · $3,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

851 Irwin Street is a three-story, 29,923-square-foot office building in San Rafael with a diversified tenant mix that includes professional office users, community organizations, and creative users. The property includes recent capital improvements and is positioned in a central San Rafael area with access to Highway 101 and nearby public transit, along with walkable retail and amenities such as Whole Foods and Trader Joe’s. The building has high visibility from Irwin Street, just off Highway

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$84k
Tax billed · 2024
Assessed value$5.55M
Assessed land$2.65M
Assessed improvement$2.89M
Effective rate1.51%

Value estimate

· Sep 2026
$3.63M
$3.26M – $3.99M
AI approach$3.65M
Sales comparison$2.82M
NOI build-up
Gross scheduled income$1.08M
Vacancy & credit loss−$275k
Operating expenses−$202k
NOI · 21,218,175.44% cap applied$605k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$337/SF
ZIP average, outlier-cleaned · 135 recorded sales of this use type
Observed band · Q1–Q3$234 – $503
Qualifying comparables5

Cap rate analysis

How does the asset earn?
21,218,175.44%
$605k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMARIN

Location intelligence

Which uses thrive at this corner?
Best fit: Clothing Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Clothing Store8.6
Watch Repair Shop8.2
Smoke and Vape Shop7.9

Location

851 Irwin St San Rafael, CA 94901
County assessor Recorded deeds · 19 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
523 4th, San Rafael, CA 94901-3310 $7,000,000 Jul 2025 12,875 SF
543 4th, San Rafael, CA 94901 $7,000,000 Jul 2025 11,158 SF
445 Francisco E, San Rafael, CA 94901-4058 $18,500,000 Jun 2025 34,262 SF
898 Lincoln, San Rafael, CA 94901-3330 $6,000,000 Mar 2025 11,157 SF
135 3rd, San Rafael, CA 94901-3545 $1,960,000 Mar 2025 8,664 SF
401 Irwin, San Rafael, CA 94901-5195 $3,100,000 Jan 2025 10,040 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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