Residential Income Property Corner
For Sale
$399,000
Pending
363 Glacier Way, San Rafael, CA 94903
For sale residential income property located on a corner of Yosemite and Glacier.
Property Size1,440 SF
Days on Market544
Property Features for 363 Glacier Way
General Information
Standard status
Pending
Size
1,440 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Amenities
Central Air
Central
Dishwasher, Disposal, Electric Water Heater, Free-Standing Refrigerator, Range Hood
No Garage, Off Street
Building Details
Year Built
1975
Listed By:
Beverly Padgett
(415) 328-3916
Source:
Evrealestate
Added: Mar 11, 2025
Changed: Aug 14
Last Checked: Aug 13 at 5:27AM
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 Beverly Padgett
Investment Insights
Based on property information with market context.
This for-sale residential income property is situated on a corner lot at Yosemite and Glacier, with the home positioned at that intersection. The property is listed at 363 Glacier Way in San Rafael, California, within Marin County.
The directions provided are Smith Ranch Road to Yosemite. While the available information does not specify unit configuration or interior details, the corner placement at Yosemite and Glacier is a key physical feature for visibility and access from the intersection.
The directions provided are Smith Ranch Road to Yosemite. While the available information does not specify unit configuration or interior details, the corner placement at Yosemite and Glacier is a key physical feature for visibility and access from the intersection.
Key Highlights
- Corner location on Yosemite and Glacier (per directions: Smith Ranch Road to Yosemite).
- Central heating and central air conditioning.
- Appliances include dishwasher, disposal, electric water heater, free‑standing refrigerator, and range hood.
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
$20,860
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
5.23%
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%
$417,200
$417.2K
Cap Rate 7%
$298,000
$298.0K
Cap Rate 9%
$231,778
$231.8K
Market Conditions
NOI Build-Up for 1,440 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
$40.3K $27.96/SF
− Vacancy
−$2.3K −$1.62/SF
EGI
$37.9K $26.34/SF
− OpEx
−$17.1K −$11.85/SF
NOI
$20.9K $14.49/SF
Area
Marin County, CA
Vacancy
5.80%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
45.00%
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%
$417,200
Cap Rate 7%
$298,000
Cap Rate 9%
$231,778
Alternative Uses
Best Use
Apartment 5plus
$298.0K
$260.8K – $347.7K
NOI $20,860 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.03M
$6.15M – $8.21M
NOI $492,367 @ 7.0% cap · market cap 123.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,216
Businesses Nearby
Explore this area
Business Placement
Demographics for 94903, CA
30,514
Population
12,708
Households
2.4
Avg Household Size
47
Median Age
55%
College-Educated
92%
High-School Grad
19.9 sq mi
ZIP Area
1,533
Density / Sq Mi
$127,464
Median Household Income
$57,527
Median Earnings
$3,026
Median Rent
$1,149,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - For sale residential income property located on a corner of Yosemite and Glacier.
Where is this mobile home & rv park located?
The property is located at 363 Glacier Way San Rafael, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Corner location on Yosemite and Glacier (per directions: Smith Ranch Road to Yosemite).; Central heating and central air conditioning.; Appliances include dishwasher, disposal, electric water heater, free‑standing refrigerator, and range hood.
