Downtown Multi-Tenant Retail/Office
For Sale
$725,000
310 San Anselmo, San Anselmo, CA 94960
Multi-tenant retail/office building in the heart of downtown.
Property Size1,531 SF
Price / SF$473.55
Days on Market834
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
(415) 454-2030
Source:
Corcoran
Added: May 24, 2024
Changed: Sep 3
Last Checked: Sep 2 at 7:56PM
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.
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
$30,940
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
4.27%
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%
$618,800
$618.8K
Cap Rate 7%
$442,000
$442.0K
Cap Rate 9%
$343,778
$343.8K
Market Conditions
NOI Build-Up for 1,531 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
$55.3K $36.12/SF
− Vacancy
−$14.0K −$9.17/SF
EGI
$41.3K $26.95/SF
− OpEx
−$10.3K −$6.74/SF
NOI
$30.9K $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 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%
$618,800
Cap Rate 7%
$442,000
Cap Rate 9%
$343,778
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,201
Businesses Nearby
Explore this area
Business Placement
Demographics for 94960, CA
15,920
Population
6,641
Households
2.4
Avg Household Size
47
Median Age
73%
College-Educated
98%
High-School Grad
5.9 sq mi
ZIP Area
2,698
Density / Sq Mi
$172,332
Median Household Income
$84,644
Median Earnings
$2,838
Median Rent
$1,589,200
Median Home Value
Market
Vacancy Rate% for Office 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 - 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.
