San Rafael Commercial Building For
1108 Tamalpais, San Rafael, CA 94901
Two-story commercial building in downtown San Rafael, fully leased.
Type:Commercial
Property size:
2,000 SFLot size:
0.03 AcresPrice / SF:
$299/SF- Added:
- Jan 5, 2026
- Days on Market:
- 131
- Last Refresh:
- Apr 5 at 9:12 pm
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 agent STEVE RAGGHIANTI
Listing office COLDWELL BANKER REALTY 4563000
Listing date Jan 5, 2026
Source Corcoran
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
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.
- Close proximity to freeway, railway, and restaurants.
- Upstairs suite features three recently updated individual treatment rooms.
- Downstairs has two office suites, approximately 500 square feet each.
Overview
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.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$449.1K
NOI $40,418 @ 9.00% cap · cautious / downside scenario
Moderate
$577.4K
NOI $40,418 @ 7.00% cap · market / base-case scenario
Aggressive
$808.4K
NOI $40,418 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| 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 Use Scenarios
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 Profile
Insight Report
Location Intelligence
Current Use by Public Records
Johanna T Gomez ...
Law Firm
Mental Health Pts ...
Crisis Center
Sammis Ian M
Law Firm
Location Insight
- Map
- Local Demand
- City
- San Rafael
- County
- Marin
- State
- California
- Longitude
- -122.522
- Latitude
- 37.9735
Nearby Similar for Sale
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.
