Office Building with Open
For Sale
Contact for pricing
292 Red Hill Avenue, San Anselmo, CA 94960
Private rooms, open work areas, outdoor space, and dedicated parking support a practical office configuration.
Property Size2,636 SF
Price / SF$500
Days on Market52
Property Features for 292 Red Hill Avenue
General Information
Standard status
Active
Size
2,636 SF
Class
C
Total Parking Spaces
11
Property subtype
Office
Zoning
C-3
Lease Type
Gross
Investment Type
Owner/User
Amenities
private offices and open workspace
strong natural light
outdoor space
Building Details
Year Renovated
2016
Buildings
1
Units
4
Tenancy
Single
Listing Agency:
Keegan & Coppin Co Larkspur
Listed By:
John Mohun · License #02232254
Source:
Crexi
Added: Aug 28
Changed: Oct 7
Last Checked: Oct 16 at 6:33AM
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 Keegan & Coppin Co Larkspur
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Investment Insights
Based on property information with market context.
Located at 292 Red Hill Avenue in San Anselmo’s Miracle Mile corridor, this office property combines private offices with open workspace, abundant natural light, outdoor space, and dedicated on-site parking. The building contains approximately 2,636 SF, with approximately 1,360 SF available for lease and approximately 1,276 SF on the lower level currently leased.
The property is offered for sale or lease and carries C-3 zoning. Its mix of enclosed offices, shared work areas, and exterior space provides a defined commercial office layout within a centrally identified corridor.
The property is offered for sale or lease and carries C-3 zoning. Its mix of enclosed offices, shared work areas, and exterior space provides a defined commercial office layout within a centrally identified corridor.
Key Highlights
- Approximately 2,636 SF office building
- Approximately 1,360 SF available for lease
- Approximately 1,276 SF downstairs currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,271
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,065,420
$1.1M
Cap Rate 7%
$761,014
$761.0K
Cap Rate 9%
$591,900
$591.9K
Market Conditions
NOI Build-Up for 2,636 SF
Gross rent
$95.2K $36.12/SF
− Vacancy
−$24.2K −$9.17/SF
EGI
$71.0K $26.95/SF
− OpEx
−$17.8K −$6.74/SF
NOI
$53.3K $20.21/SF
Area
Marin County, CA
Vacancy
25.40%
Lease Rate
$36.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,065,420
Cap Rate 7%
$761,014
Cap Rate 9%
$591,900
Alternative Uses
Best Use
Office B
$761.0K
$665.9K – $887.9K
NOI $53,271 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$12.88M
$11.27M – $15.02M
NOI $901,304 @ 7.0% cap · market cap 68.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,424
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Private rooms, open work areas, outdoor space, and dedicated parking support a practical office configuration.
Where is this office building located?
The property is located at 292 Red Hill Avenue San Anselmo, CA.
What is the asking price?
The asking price for this property is $1,318,000.
What are key features of this property?
This property features: Approximately 2,636 SF office building; Approximately 1,360 SF available for lease; Approximately 1,276 SF downstairs currently leased
