Mixed-Use Property with
1820 Sir Francis Drake Blvd, Fairfax, CA 94930
For Sale
New
$1,400,000
A ground-floor commercial tenancy is paired with a separately accessed three-bedroom home above.
Property Size2,160 SF
Days on Market5
Property Features for 1820 Sir Francis Drake Blvd
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Mixed-Use Components
Tenant in Place
Amenities
private entrance
Building Details
Building Size
Year Renovated
Buildings
Stories
Tenancy
Listing Agency:
Decker Bullock Dreyfus, Inc
Listed By:
Stefan Angelo
(415) 747-9503
Source:
Elliman
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 12 at 9:33AM
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 Decker Bullock Dreyfus, Inc
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Investment Insights
Based on property information with market context.
This mixed-use property combines a ground-level commercial space with an upper-floor residence. The home contains three bedrooms and two bathrooms, and has a private entrance separate from the commercial space. Both portions are tenant-occupied. The property was rebuilt in 2009, including work to the foundation, plumbing, electrical systems, and windows.
Located at 1820 Sir Francis Drake Blvd in Fairfax, the property has a Walk Score of 86 and a Bike Score of 54. The ground-floor business is Wu Wei Tea Temple.
Located at 1820 Sir Francis Drake Blvd in Fairfax, the property has a Walk Score of 86 and a Bike Score of 54. The ground-floor business is Wu Wei Tea Temple.
Key Highlights
- Rebuilt in 2009 with a new foundation, plumbing, electrical, and windows
- Three‑bedroom, two‑bathroom residence above a ground‑floor commercial space
- Separate private entrance for the upper‑level residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,310
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$826,200
$826.2K
Cap Rate 7%
$590,143
$590.1K
Cap Rate 9%
$459,000
$459.0K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$77.8K $36.00/SF
− Vacancy
−$11.7K −$5.40/SF
EGI
$66.1K $30.60/SF
− OpEx
−$24.8K −$11.48/SF
NOI
$41.3K $19.13/SF
Area
Marin County, CA
Vacancy
15.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$826,200
Cap Rate 7%
$590,143
Cap Rate 9%
$459,000
Alternative Uses
Best Use
Mixed Use
$590.1K
$516.4K – $688.5K
NOI $41,310 @ 7.0% cap · market cap 2.95%
Second Best
Retail
$415.0K
$363.2K – $484.2K
NOI $29,053 @ 7.0% cap · market cap 2.08%
Theoretical Best
Multifamily LT 5
$1.04M
$906.3K – $1.21M
NOI $72,501 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
864
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor commercial tenancy is paired with a separately accessed three-bedroom home above.
Where is this mixed-use property located?
The property is located at 1820 Sir Francis Drake Blvd Fairfax, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Rebuilt in 2009 with a new foundation, plumbing, electrical, and windows; Three‑bedroom, two‑bathroom residence above a ground‑floor commercial space; Separate private entrance for the upper‑level residence
