Two-Story Office
1108 Tamalpais Avenue, San Rafael, CA 94901
For Sale
$599,000
Fully leased professional property with distinct upper- and lower-level suite configurations.
Property Size2,000 SF
Price / SF$299.50
Days on Market314
Property Features for 1108 Tamalpais Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Lease Term
Site & Location
Highway Access
Public Transit
Additional Details
Office Units
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Coldwell Banker Realty
(415) 456-3000
Listed By:
Steve Ragghianti · License CA #01343409
(415) 308-4616
Source:
Hunterprestigeproperties
Added: Jan 5
Changed: Nov 11
Last Checked: Nov 13 at 5:53PM
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
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Investment Insights
Based on property information with market context.
This standalone office building contains approximately 2,000 square feet across two floors. The upper suite has three treatment rooms, recently updated, while the ground level is divided into two office suites of approximately 500 square feet apiece. The property was built in 1963 and is fully leased under a seven-year term that began December 1, 2024.
At 1108 Tamalpais Avenue in downtown San Rafael, the building is near freeway and railway access, as well as restaurants.
At 1108 Tamalpais Avenue in downtown San Rafael, the building is near freeway and railway access, as well as restaurants.
Key Highlights
- Approximately 2,000 square feet in a standalone, two‑story office building
- Three recently updated treatment rooms in the upper suite
- Two ground‑floor office suites, each approximately 500 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,418
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,360
$808.4K
Cap Rate 7%
$577,400
$577.4K
Cap Rate 9%
$449,089
$449.1K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$72.2K $36.12/SF
− Vacancy
−$18.3K −$9.17/SF
EGI
$53.9K $26.95/SF
− OpEx
−$13.5K −$6.74/SF
NOI
$40.4K $20.21/SF
Area
Marin County, CA
Vacancy
25.40%
Lease Rate
$36.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,360
Cap Rate 7%
$577,400
Cap Rate 9%
$449,089
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
Multifamily LT 5
$959.0K
$839.1K – $1.12M
NOI $67,130 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Office units
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,635
Businesses Nearby
Explore this area
Business Placement
Demographics for 94901, CA
43,338
Population
16,412
Households
2.6
Avg Household Size
40
Median Age
48%
College-Educated
82%
High-School Grad
13.1 sq mi
ZIP Area
3,308
Density / Sq Mi
$108,837
Median Household Income
$50,122
Median Earnings
$2,229
Median Rent
$1,369,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Marin County, CA
Properties on Market for Office buildings in Marin County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Fully leased professional property with distinct upper- and lower-level suite configurations.
Where is this office building located?
The property is located at 1108 Tamalpais Avenue 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: Approximately 2,000 square feet in a standalone, two‑story office building; Three recently updated treatment rooms in the upper suite; Two ground‑floor office suites, each approximately 500 square feet
