Mixed-Use Property Near
For Sale
$899,000
1508 San Anselmo, San Anselmo, CA 94960
Versatile mixed-use property with retail and residential spaces in San Anselmo.
Property Size1,304 SF
Price / SF$689.42
Days on Market457
Property Features for 1508 San Anselmo
General Information
Standard status
Active
Size
1,304 SF
Building Details
Year Built
1908
Listing Agency:
HOMESMART ADVANTAGE REALTY
Listed By:
MICHAEL A PELLEGRINI · License #02044192
(707) 541-6120
Source:
Corcoran
Added: Jun 5, 2025
Changed: Mar 16
Last Checked: Apr 24 at 6:36PM
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 HOMESMART ADVANTAGE REALTY
Investment Insights
Based on property information with market context.
Located near Downtown, Lansdale Station Playground, and Archie Williams High School, this mixed-use property at 1508 San Anselmo Ave offers a blend of commercial and residential space. The street-level storefront features large display windows and high visibility, suitable for a boutique, gallery, or professional office. The property benefits from a steady flow of foot traffic. Above the retail space, a private residential unit includes wood floors, a bathroom, and a flexible layout. This space can serve as an owner's residence, a rental income unit, or a live/work configuration. The 1304 square foot property is located steps from cafes, restaurants, and boutiques, and surrounded by the natural beauty of Marin. Development potential could also be another option and should be researched with the City.
Key Highlights
- Versatile mixed‑use property with commercial storefront and residential unit.
- Prime location near Downtown, Lansdale Station Playground, and Archie Williams High School.
- High‑visibility storefront ideal for retail or office with steady foot traffic.
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
$26,406
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
2.94%
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%
$528,120
$528.1K
Cap Rate 7%
$377,229
$377.2K
Cap Rate 9%
$293,400
$293.4K
Market Conditions
NOI Build-Up for 1,304 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
$46.9K $36.00/SF
− Vacancy
−$4.7K −$3.60/SF
EGI
$42.2K $32.40/SF
− OpEx
−$15.8K −$12.15/SF
NOI
$26.4K $20.25/SF
Area
Marin County, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
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%
$528,120
Cap Rate 7%
$377,229
Cap Rate 9%
$293,400
Alternative Uses
Best Use
Retail
$5.94M
$5.20M – $6.94M
NOI $416,141 @ 7.0% cap · market cap 46.29%
Second Best
Mixed Use
$377.2K
$330.1K – $440.1K
NOI $26,406 @ 7.0% cap · market cap 2.94%
Theoretical Best
Specialty Retail
$6.37M
$5.57M – $7.43M
NOI $445,865 @ 7.0% cap · market cap 49.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
576
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile mixed-use property with retail and residential spaces in San Anselmo.
Where is this mixed-use property located?
The property is located at 1508 San Anselmo San Anselmo, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Versatile mixed‑use property with commercial storefront and residential unit.; Prime location near Downtown, Lansdale Station Playground, and Archie Williams High School.; High‑visibility storefront ideal for retail or office with steady foot traffic.
