Sausalito Mixed-Use Investment
For Sale
$2,287,000
219 Caledonia, Sausalito, CA 94965
Charming mixed-use property in Sausalito with retail and office spaces.
Property Size3,474 SF
Price / SF$658.32
Days on Market492
Property Features for 219 Caledonia
General Information
Standard status
Active
Size
3,474 SF
Building Details
Year Built
1971
Listing Agency:
KEEGAN & COPPIN CO, INC
4611010
Listed By:
NATHAN BALLARD
Source:
Corcoran
Added: Apr 25, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 KEEGAN & COPPIN CO, INC
Investment Insights
Based on property information with market context.
This mixed-use property is located on Caledonia Street in Sausalito, California. The property features a specialized structure containing three separate addresses: two retail stores and an office suite. It also includes a parking stall and landscaping. The building has been updated, with plumbing, electrical wiring, and internet wiring redone within the past 10 years, and the roof was updated in 2015. All suites have been updated with recent improvements, including HVAC systems and ADA restroom enhancements. The site is nestled in a hillside residential community of Sausalito in southern Marin County, providing a picturesque and near water-front setting. The flexible zoning permits many types of businesses to lease suites in this neighborhood. The property offers a value-add opportunity for an investor to lease the vacancy, or as an owner-occupant possibility. The property size is 3474 square feet.
Key Highlights
- Prime location on Caledonia Street in Sausalito, a high‑traffic destination.
- Mixed‑use property with two retail spaces and an office suite, offering diverse income streams.
- Value‑add opportunity with one vacant suite, suitable for lease or owner‑occupancy.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,349
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,406,980
$1.4M
Cap Rate 7%
$1,004,986
$1.0M
Cap Rate 9%
$781,656
$781.7K
Market Conditions
NOI Build-Up for 3,474 SF
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.
Gross rent
$125.1K $36.00/SF
− Vacancy
−$12.5K −$3.60/SF
EGI
$112.6K $32.40/SF
− OpEx
−$42.2K −$12.15/SF
NOI
$70.3K $20.25/SF
Area
Marin County, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,406,980
Cap Rate 7%
$1,004,986
Cap Rate 9%
$781,656
Alternative Uses
Best Use
Retail
$15.84M
$13.86M – $18.48M
NOI $1,108,645 @ 7.0% cap · market cap 48.48%
Second Best
Mixed Use
$1.00M
$879.4K – $1.17M
NOI $70,349 @ 7.0% cap · market cap 3.08%
Theoretical Best
Specialty Retail
$16.97M
$14.85M – $19.80M
NOI $1,187,834 @ 7.0% cap · market cap 51.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,353
Businesses Nearby
Explore this area
Business Placement
Demographics for 94965, CA
11,447
Population
6,797
Households
1.7
Avg Household Size
50
Median Age
65%
College-Educated
93%
High-School Grad
14.6 sq mi
ZIP Area
784
Density / Sq Mi
$140,417
Median Household Income
$84,023
Median Earnings
$2,952
Median Rent
$1,492,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Charming mixed-use property in Sausalito with retail and office spaces.
Where is this mixed-use property located?
The property is located at 219 Caledonia Sausalito, CA.
What is the asking price?
The asking price for this property is $2,287,000.
What are key features of this property?
This property features: Prime location on Caledonia Street in Sausalito, a high‑traffic destination.; Mixed‑use property with two retail spaces and an office suite, offering diverse income streams.; Value‑add opportunity with one vacant suite, suitable for lease or owner‑occupancy.
