Downtown Multi-Tenant Retail/Office
310 San Anselmo San Anselmo, CA 94960
310 San Anselmo, San Anselmo, CA, 94960
$725,000
For Sale
$725,000
Multi-tenant retail/office building in the heart of downtown.
Property Size1,531 SF
Price / SF$473.55
Days on Market788
Property Features for 310 San Anselmo
General Information
- Standard status
- Active
- Size
- 1,531 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1939
Listing Agency
HL COMMERCIAL REAL ESTATE
4542030
Listed by
MARK G COOPER
Source
Corcoran
Added: May 24, 2024 Checked: Jul 20 at 3:37 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 HL COMMERCIAL REAL ESTATE
Investment Insights
Based on property information with market context.
This multi-tenant retail/office building is located on San Anselmo Avenue in the heart of downtown. The property has long-term tenants and benefits from good walk-by traffic. The building has not been on the market for over 30 years. The property size is 1531 square feet.
Key Highlights
- Prime downtown location on San Anselmo Ave.
- High visibility with good walk‑by traffic.
- Multi‑tenant retail/office building.
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 | $55.3k | $36.12 |
| − Vacancy | −$14.0k | −$9.17 |
| EGI | $41.3k | $26.95 |
| − OpEx | −$10.3k | −$6.74 |
| NOI | $30.9k | $20.21 |
1,531 SF · lease $36.12/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Uses
Best Use
Retail
$6.98M
$6.11M – $8.14M
NOI $488,583 @ 7.0% cap · market cap 67.39%
Second Best
Office B
$442.0K
$386.8K – $515.7K
NOI $30,940 @ 7.0% cap · market cap 4.27%
Theoretical Best
Specialty Retail
$7.48M
$6.54M – $8.72M
NOI $523,481 @ 7.0% cap · market cap 72.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Straub Diana Lynn
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Multi-tenant retail/office building in the heart of downtown.
Where is this retail space located?
The property is located at 310 San Anselmo San Anselmo, CA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Prime downtown location on San Anselmo Ave.; High visibility with good walk‑by traffic.; Multi‑tenant retail/office building.
