Freestanding Mixed-Use
For Sale
$1,400,000
4162 Redwood, San Rafael, CA 94903
Freestanding commercial building with restaurant, office, and service-retail space, multiple entrances, and surface parking.
Property Size4,491 SF
Lot Size0.33 Acres
Price / SF$311.73
Days on Market9
Property Features for 4162 Redwood
General Information
Standard status
Active
Size
4,491 SF
Lot size
0.33 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Central air
Central Cooling
Central Heating
Building Details
Year Built
1961
Buildings
1
Building Size
4,491 SF
Tenancy
Multi
Listing Agency:
COLDWELL BANKER REALTY
4613000
Listed By:
CHASE FONTAINE
Source:
Corcoran
Added: Aug 26
Changed: Sep 3
Last Checked: Sep 3 at 2:18AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
Built in 1961, this freestanding mixed-use property contains approximately 4,491 square feet within an approximately 14,573-square-foot parcel. The multi-tenant configuration places an established restaurant in the front suite and flexible office and service-retail space toward the rear. Multiple entrances and surface parking support separate access to the building’s different areas.
The property has prominent Redwood Highway frontage and access to Highway 101 in North San Rafael. Its location is identified as 4162 Redwood, San Rafael, California 94903, within Marin County. The existing layout combines food-service, office, and service-retail components in one commercial property.
The property has prominent Redwood Highway frontage and access to Highway 101 in North San Rafael. Its location is identified as 4162 Redwood, San Rafael, California 94903, within Marin County. The existing layout combines food-service, office, and service-retail components in one commercial property.
Key Highlights
- Approximately 4,491‑square‑foot building on an approximately 14,573‑square‑foot parcel
- Established restaurant occupies the front suite
- Rear suite provides office and service‑retail space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$90,943
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,818,860
$1.8M
Cap Rate 7%
$1,299,186
$1.3M
Cap Rate 9%
$1,010,478
$1.0M
Market Conditions
NOI Build-Up for 4,491 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$161.7K $36.00/SF
− Vacancy
−$16.2K −$3.60/SF
EGI
$145.5K $32.40/SF
− OpEx
−$54.6K −$12.15/SF
NOI
$90.9K $20.25/SF
Area
Marin County, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,818,860
Cap Rate 7%
$1,299,186
Cap Rate 9%
$1,010,478
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
Mixed Use
$1.30M
$1.14M – $1.52M
NOI $90,943 @ 7.0% cap · market cap 6.50%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,253
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Bank of America
Shops & Services
5,890 visits/mo
0.3 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Freestanding commercial building with restaurant, office, and service-retail space, multiple entrances, and surface parking.
Where is this mixed-use property located?
The property is located at 4162 Redwood 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 building on an approximately 14,573‑square‑foot parcel; Established restaurant occupies the front suite; Rear suite provides office and service‑retail space
