Downtown Retail Space
For Sale
Contact for pricing
1212 Fourth St, San Rafael, CA
Prominent downtown San Rafael building with high visibility.
Property Size1,195 SF
Lot Size0.39 Acres
Price / SF$6,485
Days on Market288
Property Features for 1212 Fourth St
General Information
Standard status
Active
Size
1,195 SF
Lot size
0.39 Acres
Property subtype
RETAIL
Properties For Sale
at 1212 Fourth St Contact us- Floor
- 1
- Size
- 7,874 SF
- Type
- RETAIL
- Availability
- AVAILABLE, Now
- Sublease
- No
1212 Fourth St
- Floor
- 2
- Size
- 3,550 SF
- Type
- RETAIL
- Availability
- AVAILABLE, Now
- Sublease
- No
1212 Fourth St
Listing Agency:
TCP Touchstone Commercial Partners
(415) 989-1200
Listed By:
Terry Everley · License #01864017
(415) 359-7665
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 22
Last Checked: Sep 8 at 9:47AM
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 TCP Touchstone Commercial Partners
Investment Insights
Based on property information with market context.
This retail space is located in a prominent downtown building in the heart of downtown San Rafael, CA. The property features a hard signalized corner location and approximately 180 feet of street-fronting glass line. A large signage opportunity is available. The property includes bonus mezzanine and basement space. The property size is 1195 square feet.
Key Highlights
- Prominent downtown building in the heart of Downtown San Rafael
- Hard signalized corner location
- Large signage opportunity
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
$381,356
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
4.92%
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%
$7,627,120
$7.6M
Cap Rate 7%
$5,447,943
$5.4M
Cap Rate 9%
$4,237,289
$4.2M
Market Conditions
NOI Build-Up for 1,195 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
$591.5K $495.00/SF
− Vacancy
−$46.7K −$39.11/SF
EGI
$544.8K $455.90/SF
− OpEx
−$163.4K −$136.77/SF
NOI
$381.4K $319.13/SF
Area
Marin County, CA
Vacancy
7.90%
Lease Rate
$495.00 /SF/Yr
Expense Ratio
30.00%
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%
$7,627,120
Cap Rate 7%
$5,447,943
Cap Rate 9%
$4,237,289
Alternative Uses
Best Use
Retail
$5.45M
$4.77M – $6.36M
NOI $381,356 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.84M
$5.11M – $6.81M
NOI $408,596 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,565
Businesses Nearby
150k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Groceries 19%
Dining 16%
Home Improvements & Furnishings 8%
Safeway
Groceries
29,236 visits/mo
0.3 miles
Jack in the Box
Dining
18,136 visits/mo
0.4 miles
ARCO
Shops & Services
16,876 visits/mo
0.2 miles
Mobil
Shops & Services
16,574 visits/mo
0.5 miles
Chase Ace Hardware
Home Improvements & Furnishings
11,523 visits/mo
0.5 miles
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Prominent downtown San Rafael building with high visibility.
Where is this retail space located?
The property is located at 1212 Fourth St San Rafael, CA.
What is the asking price?
The asking price for this property is $7,750,000.
What are key features of this property?
This property features: Prominent downtown building in the heart of Downtown San Rafael; Hard signalized corner location; Large signage opportunity
