Residential Income Property Corner
For Sale
$399,000
Pending
363 Glacier Way, San Rafael, CA 94903
For sale residential income property located on a corner of Yosemite and Glacier.
Property Size1,440 SF
Days on Market593
Property Features for 363 Glacier Way
General Information
Standard status
Pending
Size
1,440 SF
Total Parking Spaces
2
Property subtype
Manufactured In Park
Amenities
Central Air
Central
Dishwasher, Disposal, Electric Water Heater, Free-Standing Refrigerator, Range Hood
No Garage, Off Street
Building Details
Year Built
1975
Listed By:
Beverly Padgett
(415) 328-3916
Source:
Evrealestate
Added: Mar 11, 2025
Changed: Oct 8
Last Checked: Oct 23 at 8:22AM
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 Beverly Padgett
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 for-sale residential income property is situated on a corner lot at Yosemite and Glacier, with the home positioned at that intersection. The property is listed at 363 Glacier Way in San Rafael, California, within Marin County.
The directions provided are Smith Ranch Road to Yosemite. While the available information does not specify unit configuration or interior details, the corner placement at Yosemite and Glacier is a key physical feature for visibility and access from the intersection.
The directions provided are Smith Ranch Road to Yosemite. While the available information does not specify unit configuration or interior details, the corner placement at Yosemite and Glacier is a key physical feature for visibility and access from the intersection.
Key Highlights
- Corner location on Yosemite and Glacier (per directions: Smith Ranch Road to Yosemite).
- Central heating and central air conditioning.
- Appliances include dishwasher, disposal, electric water heater, free‑standing refrigerator, and range hood.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,860
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,200
$417.2K
Cap Rate 7%
$298,000
$298.0K
Cap Rate 9%
$231,778
$231.8K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$40.3K $27.96/SF
− Vacancy
−$2.3K −$1.62/SF
EGI
$37.9K $26.34/SF
− OpEx
−$17.1K −$11.85/SF
NOI
$20.9K $14.49/SF
Area
Marin County, CA
Vacancy
5.80%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,200
Cap Rate 7%
$298,000
Cap Rate 9%
$231,778
Alternative Uses
Best Use
Apartment 5plus
$298.0K
$260.8K – $347.7K
NOI $20,860 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.03M
$6.15M – $8.21M
NOI $492,367 @ 7.0% cap · market cap 123.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,216
Businesses Nearby
Explore this area
Business Placement
Demographics for 94903, CA
30,514
Population
12,708
Households
2.4
Avg Household Size
47
Median Age
55%
College-Educated
92%
High-School Grad
19.9 sq mi
ZIP Area
1,533
Density / Sq Mi
$127,464
Median Household Income
$57,527
Median Earnings
$3,026
Median Rent
$1,149,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - For sale residential income property located on a corner of Yosemite and Glacier.
Where is this mobile home & rv park located?
The property is located at 363 Glacier Way San Rafael, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Corner location on Yosemite and Glacier (per directions: Smith Ranch Road to Yosemite).; Central heating and central air conditioning.; Appliances include dishwasher, disposal, electric water heater, free‑standing refrigerator, and range hood.
