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    Sausalito Commercial Buildings on Bridgeway Title is generated by Realmo AI

    1917 Bridgeway, Sausalito, CA 94965

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    For Sale
    $2,750,000

    Two commercial buildings in Sausalito with three tenants.

    Type:Commercial
    Property size:
    1,911 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $1,439/SF
    Added:
    Jun 12, 2023
    Days on Market:
    1089
    Last Refresh:
    Apr 5 at 8:24 pm

    Property Features for 1917 Bridgeway

    General Information

    Standard status
    Active
    Size
    1,911 SF
    Lot size
    0.07 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1917

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    Listing Contact
    ANNIE K KIM

    Listing agent ANNIE K KIM

    Listing office HANCOCK COMMERCIAL

    Listing date Jun 12, 2023

    Source Corcoran

    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 HANCOCK COMMERCIAL

    HighLights

    • Fully occupied commercial property with 3 tenants.
    • Highly visible corner location on Bridgeway in Sausalito.
    • Includes two buildings on two lots.
    • Established tenant: Fred's Coffee Shop (since 1966).
    • Approximately 10 private parking spaces.
    • Potential to purchase and operate the restaurant space while collecting rent from other tenants.

    Overview

    Two commercial buildings are situated on two lots at 1917-1919 Bridgeway in Sausalito, offering a highly visible corner location. The properties are fully occupied by three commercial tenants. Lot 1, with APN 064-141-02 (1917 Bridgeway), was built in 1917 and has a size of 1911 square feet according to tax records. Lot 2, with APN 064-141-01 (1919 Bridgeway), was built in 1931 and has a size of 755 square feet according to tax records. The ground floor of 1917 Bridgeway houses Fred's Coffee Shop, which has been established since 1966. The second floor of 1917 Bridgeway is occupied by Ocean Spa. The ground floor of 1919 Bridgeway is occupied by SwanZen Spa. Located in the City of Sausalito across the Golden Gate Bridge, the property benefits from its corner location on Bridgeway and Spring Street. There is an approximate 10-space private parking lot. There is a possibility to purchase the restaurant separately to operate as your own business while collecting rent from the other two tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    FRED'S Place Restaurant Ocean Spa Alternative Medicine Practice Health Garden Spa Alternative Medicine Practice Oriental Massage Ocean ... Alternative Medicine Practice

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Angella Floral Design — 475 Coloma St suit 448, Sausalito, CA 94965
    • Ladybug Flowers — 1303 Bridgeway, Sausalito, CA 94965
    • Natural Flower Designs — 10 Liberty Ship Way, Sausalito, CA 94965
    • Chloris Floral
    • Galvan Floral & party rental

    Location Insight

    • Map
    • Local Demand
    City
    Sausalito
    County
    Marin
    State
    California
    Longitude
    -122.495
    Latitude
    37.8618

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    FAQs

    What type of property is this?
    Storefront property - Two commercial buildings in Sausalito with three tenants.
    Where is this storefront property located?
    The property is located at 1917 Bridgeway Sausalito, CA.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: Fully occupied commercial property with 3 tenants.; Highly visible corner location on Bridgeway in Sausalito.; Includes two buildings on two lots.
    (415) 260-9589
    We can help!
    Listing Contact
    ANNIE K KIM
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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