70 Mitchell BlvdSan Rafael, CA 94903

Property Details for 70 Mitchell Blvd

Year built

1971

Lot size

0.45 AC

Property size (Sq ft)

7,620 SF

Property type

Commercial real estate

APN

155-151-39

APU

15515139

Description

This exceptional 1,093 square foot executive office suite is located at 70 Mitchell Blvd, San Rafael, CA 94903. Situated on the ground floor, this multi-tenant building offers a convenient and well-maintained workspace. The suite boasts two private offices, a welcoming reception area, and a practical kitchenette, perfect for a small business or professional team. Recent upgrades include fresh paint and new carpeting throughout the suite, enhancing its modern appeal. The interior office doors feature sidelights, adding to the bright and airy atmosphere. Shared restrooms have been recently updated for the convenience of all tenants. Ample parking is available on-site with 25 spaces in total for the building. The building is conveniently located in Marin County and is zoned LI/O. Built in 1973, the 7,326 square foot building offers a blend of established character and modern amenities. High-speed internet and television services from Comcast are readily available within the building, ensuring seamless connectivity for your business operations. This is a fantastic opportunity to secure a well-appointed and conveniently located office space in a desirable Marin County location. The total building square footage is 7,326 square feet, with 1,093 square feet currently available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $2,369,290

  6.5%

  $2,187,030

  7%

  $2,030,820

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,398,240

  Geo Method

  $2,125,290

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,157,600

  Retail / Commercial

  $2,161,000

  Mixed-Use / Specialty

  $2,176,160

  Hospitality / Lodging

  $1,626,330

  Office

  $2,187,030

  Institutional / Educational

  $2,270,490

  Residential Income

  $2,656,480

  Multifamily

  $3,059,320

  Automotive / Energy

  $1,946,140

  Parking / Income-Based Land

  $649,007

  Restaurant / Food Service

  $1,180,620

  Healthcare / Senior Housing

  $2,208,170

Location Insight

City

San Rafael

County

Marin

State

California

Latitude

38.0165

Longitude

-122.537

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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