Downtown Multi-Tenant Retail/Office
For Sale
$725,000
310 San Anselmo, San Anselmo, CA 94960
Multi-tenant retail/office building in the heart of downtown.
Property Size1,531 SF
Price / SF$473.55
Days on Market880
Property Features for 310 San Anselmo
General Information
Standard status
Active
Size
1,531 SF
Property subtype
Commercial
Building Details
Year Built
1939
Listing Agency:
HL COMMERCIAL REAL ESTATE
4542030
Listed By:
MARK G COOPER
(415) 454-2030
Source:
Corcoran
Added: May 24, 2024
Changed: Oct 16
Last Checked: Oct 19 at 6:20AM
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 HL COMMERCIAL REAL ESTATE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multi-tenant retail/office building is located on San Anselmo Avenue in the heart of downtown. The property has long-term tenants and benefits from good walk-by traffic. The building has not been on the market for over 30 years. The property size is 1531 square feet.
Key Highlights
- Prime downtown location on San Anselmo Ave.
- High visibility with good walk‑by traffic.
- Multi‑tenant retail/office building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,940
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,800
$618.8K
Cap Rate 7%
$442,000
$442.0K
Cap Rate 9%
$343,778
$343.8K
Market Conditions
NOI Build-Up for 1,531 SF
Gross rent
$55.3K $36.12/SF
− Vacancy
−$14.0K −$9.17/SF
EGI
$41.3K $26.95/SF
− OpEx
−$10.3K −$6.74/SF
NOI
$30.9K $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%
$618,800
Cap Rate 7%
$442,000
Cap Rate 9%
$343,778
Alternative Uses
Best Use
Retail
$6.98M
$6.11M – $8.14M
NOI $488,583 @ 7.0% cap · market cap 67.39%
Second Best
Office B
$442.0K
$386.8K – $515.7K
NOI $30,940 @ 7.0% cap · market cap 4.27%
Theoretical Best
Specialty Retail
$7.48M
$6.54M – $8.72M
NOI $523,481 @ 7.0% cap · market cap 72.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,201
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
Check the figures for this property
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?
Retail space - Multi-tenant retail/office building in the heart of downtown.
Where is this retail space located?
The property is located at 310 San Anselmo San Anselmo, CA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Prime downtown location on San Anselmo Ave.; High visibility with good walk‑by traffic.; Multi‑tenant retail/office building.
