140 Willow Avenue, Fairfax, CA 94930

Building Details

Year Built 1963 More

Buildings 2 More

Listed By: Natasha W. Najafi Show Phone

Source: Evrealestate

Added: Nov 5 Changed: Nov 8 Last Checked: Nov 8 at 2:27PM

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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 Natasha W. Najafi

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Investment Insights

Based on property information with market context.

Located at 140 Willow Avenue in Fairfax, this residential income property was built in 1963. Interior features include a wall furnace, and the exterior includes a carport. Hills, mountains, and ridges are listed among the property's exterior features.

Key Highlights

• Built in 1963
• Carport
• Wall furnace

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$50,064

Cap Rate

3.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,001,280 $1.0M

Cap Rate 7%

$715,200 $715.2K

Cap Rate 9%

$556,267 $556.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,456 SF

Gross rent

$96.6K $27.96/SF

− Vacancy

−$5.6K −$1.62/SF

EGI

$91.0K $26.34/SF

− OpEx

−$41.0K −$11.85/SF

NOI

$50.1K $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 Rate 5%

$1,001,280

Cap Rate 7%

$715,200

Cap Rate 9%

$556,267

Alternative Uses

Best Use

Apartment 5plus

$715.2K

$625.8K – $834.4K (±1% cap)

NOI $50,064 @ 7.0% cap · market cap 3.90%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$1.66M

$1.45M – $1.93M (±1% cap)

NOI $116,001 @ 7.0% cap · market cap 9.03%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Location Intelligence

Trade Area within ½ mile

831

Businesses Nearby

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Demographics for 94930, CA

8,729

Population

3,729

Households

2.3

Avg Household Size

49

Median Age

66%

College-Educated

97%

High-School Grad

14.2 sq mi

ZIP Area

615

Density / Sq Mi

$136,341

Median Household Income

$65,945

Median Earnings

$2,314

Median Rent

$1,152,100

Median Home Value

Market

Average Price Trend$/SF for Residential income properties in Marin County, CA

$578 Jul

$511 Aug

$555 Sep

$586 Oct

Properties on Market for Residential income properties in Marin County

Jul

Aug

Sep

Oct

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Frequently Asked Questions

What type of property is this?

Residential income property - A 1963-built property in Fairfax includes a carport and wall furnace.

Where is this residential income property located?

The property is located at 140 Willow Avenue Fairfax, CA.

What is the asking price?

The asking price for this property is $1,285,000.

What are key features of this property?

This property features: Built in 1963; Carport; Wall furnace