Freestanding Multi-Tenant
For Sale
$1,400,000
4162 Redwood Hwy, San Rafael, CA 94903
Two-suite commercial layout combines an established restaurant with flexible office and service-retail space.
Property Size4,491 SF
Days on Market51
Property Features for 4162 Redwood Hwy
General Information
Standard status
Active
Size
4,491 SF
Property subtype
Commercial
Lease Term
Flexible
Building Details
Building Size
4,491 SF
Year Built
1961
Listed By:
Eric Schmitt
(415) 860-5412
Source:
Elliman
Added: Sep 4
Changed: Oct 12
Last Checked: Oct 23 at 9:45AM
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 Eric Schmitt
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Investment Insights
Based on property information with market context.
Built in 1961, this freestanding restaurant property contains approximately 4,491 square feet across a multi-tenant configuration. The front suite is occupied by an established restaurant, while the rear portion provides office and service-retail space. Multiple entrances support separate access to the different areas, and surface parking is available on the approximately 14,573-square-foot parcel.
The property fronts Redwood Highway in North San Rafael with access to Highway 101. Its existing tenant configuration includes current income, while the mix of restaurant, office, and service-retail space provides a range of established commercial functions within one building.
The property fronts Redwood Highway in North San Rafael with access to Highway 101. Its existing tenant configuration includes current income, while the mix of restaurant, office, and service-retail space provides a range of established commercial functions within one building.
Key Highlights
- Approximately 4,491‑square‑foot freestanding building
- Approximately 14,573‑square‑foot parcel
- Established restaurant in the front suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,759
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,815,180
$1.8M
Cap Rate 7%
$1,296,557
$1.3M
Cap Rate 9%
$1,008,433
$1.0M
Market Conditions
NOI Build-Up for 4,491 SF
Gross rent
$162.2K $36.12/SF
− Vacancy
−$41.2K −$9.17/SF
EGI
$121.0K $26.95/SF
− OpEx
−$30.3K −$6.74/SF
NOI
$90.8K $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%
$1,815,180
Cap Rate 7%
$1,296,557
Cap Rate 9%
$1,008,433
Alternative Uses
Best Use
Specialty Retail
$21.94M
$19.19M – $25.59M
NOI $1,535,568 @ 7.0% cap · market cap 109.68%
Second Best
Retail
$20.47M
$17.91M – $23.89M
NOI $1,433,197 @ 7.0% cap · market cap 102.37%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,261
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two-suite commercial layout combines an established restaurant with flexible office and service-retail space.
Where is this conventional restaurant located?
The property is located at 4162 Redwood Hwy San Rafael, 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: Approximately 4,491‑square‑foot freestanding building; Approximately 14,573‑square‑foot parcel; Established restaurant in the front suite
