Office Suite with Highway
New
For Sale
$1,025,000
4302 Redwood Highway # 200, San Rafael, CA 94903
Functional workspace along the Redwood Highway corridor with convenient access to Highway 101.
Property Size2,736 SF
Days on Market7
Property Features for 4302 Redwood Highway # 200
General Information
Standard status
Active
Size
2,736 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Building Size
2,736 SF
Year Built
2004
Listing Agency:
Compass
Listed By:
Gabriel Galiothe · License #01941289
(415) 345-3000
Source:
Bonniespindler
Added: Sep 3
Changed: Sep 6
Last Checked: Sep 8 at 11:41AM
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 Compass
Investment Insights
Based on property information with market context.
Suite 200 provides 2,736 square feet of office space within a 2004-built property. Its functional configuration can accommodate private offices, workstations, meeting areas, and client-facing space, supporting a range of professional office operations.
The property is positioned along the Redwood Highway corridor in San Rafael, with convenient connections to Highway 101. Retail, restaurants, services, and established businesses are located nearby. The space is identified for professional services, medical/office, financial services, real estate, consulting, and other office-oriented uses.
The property is positioned along the Redwood Highway corridor in San Rafael, with convenient connections to Highway 101. Retail, restaurants, services, and established businesses are located nearby. The space is identified for professional services, medical/office, financial services, real estate, consulting, and other office-oriented uses.
Key Highlights
- 2,736‑square‑foot office suite
- Suite 200 at 4302 Redwood Highway, San Rafael
- Built in 2004
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
$55,292
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
5.39%
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%
$1,105,840
$1.1M
Cap Rate 7%
$789,886
$789.9K
Cap Rate 9%
$614,356
$614.4K
Market Conditions
NOI Build-Up for 2,736 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
$98.8K $36.12/SF
− Vacancy
−$25.1K −$9.17/SF
EGI
$73.7K $26.95/SF
− OpEx
−$18.4K −$6.74/SF
NOI
$55.3K $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 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%
$1,105,840
Cap Rate 7%
$789,886
Cap Rate 9%
$614,356
Alternative Uses
Best Use
Office B
$789.9K
$691.2K – $921.5K
NOI $55,292 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.36M
$11.69M – $15.59M
NOI $935,497 @ 7.0% cap · market cap 91.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,809
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Functional workspace along the Redwood Highway corridor with convenient access to Highway 101.
Where is this office units located?
The property is located at 4302 Redwood Highway # 200 San Rafael, CA.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: 2,736‑square‑foot office suite; Suite 200 at 4302 Redwood Highway, San Rafael; Built in 2004
