Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    San Rafael, CA 94903
    Back to Search
    Property profile & analytics

    , San Rafael, CA 94903

    View on Map
    • Industrial land
    • 0.70 lot acres
    Off-Market
    Last Sale Oct 23, 2020
    $18,000
    Property ID
    US09-4605700
    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

    • Industrial land

    Property Details

    Lot size
    0.70 lot acres
    Property type
    Industrial land
    APN
    155-131-22
    APU
    15513122

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 23, 2020 $18,000 Matthew Yerington Wala & Wala Co LLC Grant Deed —
    Jul 21, 2010 $5,000 Wala & Wala Co LLC Jpw LLC Grant Deed —
    Jul 3, 2008 $14,090 Jpw LLC Wala & Wala Co LLC Grant Deed —
    Sep 16, 2005 $7,600 Wala & Wala Co LLC Tax Collectors Of Marin Trustees Deed · related —

    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
    38.0185
    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
    $1,478
    $19,101
    $0.00
    $19,101
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.35 Acres

      160 Paul Dr

      INDUSTRIAL - VACANT LAND
      160 Paul Dr, San Rafael, CA 94903-2008
      View Details
    • Value Estimation by Request
      0.31 Acres

      San Rafael, CA 94903

      INDUSTRIAL - VACANT LAND
      San Rafael, CA 94903
      View Details
    • Value Estimation by Request
      2.22 Acres

      67 Mark Dr

      INDUSTRIAL - VACANT LAND
      67 Mark Dr, San Rafael, CA 94903-2227
      View Details
    • Value Estimation by Request
      0.17 Acres

      San Rafael, CA 94903

      INDUSTRIAL - VACANT LAND
      San Rafael, CA 94903
      View Details
    • Value Estimation by Request
      0.11 Acres

      San Rafael, CA 94903

      INDUSTRIAL - VACANT LAND
      San Rafael, CA 94903
      View Details
    • Value Estimation by Request
      437.00 Acres

      5748 Lucas Valley Rd

      Farms
      5748 Lucas Valley Rd, Nicasio, CA 94903
      View Details

    Similar Nearby for Sale

    • $1,799,000

      San Rafael Land For Sale

      Land available in San Rafael, California.
      106 Lucas Valley Rd, San Rafael, CA 94903
      View Details
    • $2,500,000

      27.8 Acres Development Opportunity

      27.8 acres in central Marin, ideal for development.
      70 Oxford 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
    • $1,799,000

      Four Lot Subdivision Opportunity

      Four-lot subdivision ready for construction with access from Lucas Valley Road.
      106 Lucas Valley Rd, San Rafael, CA 94903
      View Details
    • $1,495,000

      San Rafael Land with Equestrian Potential

      1.2 acres in Los Ranchitos, ready for custom rebuild.
      65 Circle Rd, San Rafael, CA 94903
      View Details
    • $249,000
      1.83 Acres

      San Rafael Land with Bay Views

      Almost 2-acre lot with views in an exclusive enclave.
      110 Sunny Oaks Dr, San Rafael, CA 94903
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,027 SF

      Renovated Office Space with Views

      Office space with views, renovated common areas, and secure parking.
      1 Thorndale Dr, San Rafael, CA 94903
      View Details
    • Contact for pricing
      43,000 SF

      San Rafael Office Space Available

      Office building with prominent signage and convenient amenities for lease.
      200 Smith Ranch Rd, San Rafael, CA 94903
      View Details
    • Contact for pricing

      Civic Center

      Discover many ways to work your way in Civic Center
      4040 Civic Center 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
      7,487 SF

      Modern Office Space Available

      Updated office and medical spaces with abundant natural light.
      899 Northgate Dr, 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
    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.
    San Rafael, CA 94903
    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

    Thank You for Inquiry
    San Rafael, CA, 94903
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!