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Property profile & analytics
FOR LEASE
Commercial real estate
899 Northgate Dr San Rafael, CA 94903
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0902918
For Lease
1 / 2
$13,875,000
899 Northgate Dr, San Rafael, CA 94903
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1985
Total area
62,928 SF
Lot
1.6 ac (69,696 SF)
APN
175-360-13
UPID
US09-0902918
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
-
San Francisco Otolaryngology - ENT Marin Medical Clinic Physician
-
Tom Benoit Real Estate Agency
-
Noa Bloch Real Estate - Coldwell Banker Real Estate Agency
-
Natures Sungrown Foods Inc Logistics Company
-
Hetti Schramm, REALTOR Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.88M
Owner & transaction history
Ncp Commercial LLC · 4 yrs held
Ncp Commercial LLC
since 2021
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 San Rafael submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Rafael 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
$220 / 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
$247,257
Tax year 2024
Assessed value
$19,580,328
Assessed 2024
Previous assessed
$19,580,328
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$7,251,588
Assessed improvement
$12,328,740
Applied tax rate
8.0000
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
For Lease
Year built
1985
Heating
NONE
Total area
62,928 SF
Lot
1.6 ac (69,696 SF)
APN
175-360-13
UPID
US09-0902918
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
1985
Heating
NONE
Lot
1.6 ac
Current owner
From public records · entity-resolved
Ncp Commercial LLC
Entity
Free & Clear · 4 yrs held
Mailing address
37 GRAHAM ST STE 200B, SAN FRANCISCO, CA 94129-1724
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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 16, 2021
—
Ncp Commercial LLC
Professional Investors 38 LLC
Grant Deed
—
Feb 28, 2018
$18,900,000
Professiional Investors 38 LLC
Seagate Northgate Associates LLC
Grant Deed
$11,400,000 · Tri Counties Bank
Aug 21, 2015
$13,500,000
Seagate Northgate Associates LLC
Besphil & Co Us Ltd
Grant Deed
$10,000,000 · First Community Bank
Jul 2, 1999
—
Besphil & Co Ltd
M&s California Fund LP
Grant Deed
$10,000 · Citicorp USA Corp
May 15, 1997
—
M LP
Cch INC
Grant Deed
related
$6,780,000 · Principal Mutual Life Ins
Jul 21, 1989
$15,429,545
Commerce Clearin
Hbc One Ltd
Grant Deed
—
—
—
Besphil & Co Ltd
—
Deed Of Trust
related
$28,300,000 · Citicorp USA Corp
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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