Remodeled Quadplex with Bay
New
For Sale
$4,250,000
112 Glen Dr, Sausalito, CA 94965
Four separate units offer private entrances, deck areas, designer kitchens, and individual laundry facilities.
Property Size4,218 SF
Days on Market7
Property Features for 112 Glen Dr
General Information
Standard status
Active
Size
4,218 SF
Property subtype
Investment
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
4
Amenities
in-unit washer/dryer
private entrance
deck
hardwood floors
designer kitchen
stainless steel appliances
modern bathrooms
basement storage
tasteful landscaping
circular driveway
Building Details
Building Size
4,218 SF
Year Renovated
2017
Units
4
Listing Agency:
(415) 203-7050
Listed By:
Nadine Greenwood&Camara Scremin Team
(415) 203-7050
Source:
Elliman
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 24 at 5:49AM
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 Nadine Greenwood&Camara Scremin Team
Investment Insights
Based on property information with market context.
This quadplex contains four distinct units, each with a private entrance, dedicated deck space, and its own washer/dryer. A ground-up remodel completed in 2017 introduced new or restored elements throughout, including hardwood flooring, contemporary kitchens with stainless steel appliances, modern bathrooms, and individual basement storage closets. One unit is suited to an owner-occupant.
The property overlooks Richardson's Bay and includes a sweeping circular driveway with ample parking and landscaped grounds. Its Glen Drive setting is near Caledonia Street cafes and boutiques, with access to ferry and bus lines serving San Francisco.
The property overlooks Richardson's Bay and includes a sweeping circular driveway with ample parking and landscaped grounds. Its Glen Drive setting is near Caledonia Street cafes and boutiques, with access to ferry and bus lines serving San Francisco.
Key Highlights
- Four‑unit configuration with separate private entrances
- Ground‑up remodel completed in 2017
- Each unit includes dedicated deck space and a washer/dryer
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
$141,578
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
3.33%
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%
$2,831,560
$2.8M
Cap Rate 7%
$2,022,543
$2.0M
Cap Rate 9%
$1,573,089
$1.6M
Market Conditions
NOI Build-Up for 4,218 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
$215.1K $51.00/SF
− Vacancy
−$12.9K −$3.05/SF
EGI
$202.3K $47.95/SF
− OpEx
−$60.7K −$14.39/SF
NOI
$141.6K $33.57/SF
Area
Marin County, CA
Vacancy
5.98%
Lease Rate
$51.00 /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%
$2,831,560
Cap Rate 7%
$2,022,543
Cap Rate 9%
$1,573,089
Alternative Uses
Best Use
Multifamily LT 5
$2.02M
$1.77M – $2.36M
NOI $141,578 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$872.9K
$763.8K – $1.02M
NOI $61,102 @ 7.0% cap · market cap 1.44%
Theoretical Best
Specialty Retail
$20.60M
$18.03M – $24.04M
NOI $1,442,224 @ 7.0% cap · market cap 33.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,418
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 Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four separate units offer private entrances, deck areas, designer kitchens, and individual laundry facilities.
Where is this quadplex located?
The property is located at 112 Glen Dr Sausalito, CA.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Four‑unit configuration with separate private entrances; Ground‑up remodel completed in 2017; Each unit includes dedicated deck space and a washer/dryer
