San Rafael Commercial Building For
1108 Tamalpais San Rafael, CA 94901
1108 Tamalpais, San Rafael, CA, 94901
$599,000
For Sale
$599,000
Two-story commercial building in downtown San Rafael, fully leased.
Property Size2,000 SF
Lot Size0.03 Acres
Price / SF$299.50
Days on Market197
Property Features for 1108 Tamalpais
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Lot size
- 0.03 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1963
Listing Agency
COLDWELL BANKER REALTY
4563000
Listed by
STEVE RAGGHIANTI
Source
Corcoran
Added: Jan 5 Updated: Jul 6 at 9:53 am Checked: Jul 20 at 3:23 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This two-story, standalone commercial building presents an investor opportunity. The upstairs suite features three individual, recently updated treatment rooms. The downstairs area includes two office suites, each approximately 500 square feet. The building is fully leased with a 7-year term commencing on December 1, 2024. It is situated in Downtown San Rafael, offering convenient access to the freeway, railway, and restaurants. The property has a 6.09 Cap Rate and a total size of 2000 square feet.
Key Highlights
- Fully leased commercial building with a 7‑year term beginning 12/01/24.
- Attractive 6.09% Cap Rate.
- Located in Downtown San Rafael, offering convenient access to amenities.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.2k | $36.12 |
| − Vacancy | −$18.3k | −$9.17 |
| EGI | $53.9k | $26.95 |
| − OpEx | −$13.5k | −$6.74 |
| NOI | $40.4k | $20.21 |
2,000 SF · lease $36.12/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$577.4K
$505.2K – $673.6K
NOI $40,418 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.77M
$8.55M – $11.40M
NOI $683,843 @ 7.0% cap · market cap 114.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Johanna T Gomez ...
Law Firm
Mental Health Pts ...
Crisis Center
Sammis Ian M
Law Firm
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FAQs
What type of property is this?
Office building - Two-story commercial building in downtown San Rafael, fully leased.
Where is this office building located?
The property is located at 1108 Tamalpais San Rafael, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Fully leased commercial building with a 7‑year term beginning 12/01/24.; Attractive 6.09% Cap Rate.; Located in Downtown San Rafael, offering convenient access to amenities.
