Properties For Sale

at 7282 Sir Francis Drake Blvd Contact us

7282 Sir Francis Drake Blvd

Floor

1

Size

518 SF

Type

OFFICE

Lease Type

FULL_SERVICE

Availability

AVAILABLE, Now

Sublease

No

- Property consists of multi-tenant professional office/retail building located in... the heart of Lagunitas. - This property in many ways serves as the town center. - Current tenants include a yoga studio, pilates practice, professional offices, tea shop, restaurant, and a grocery store/deli. - Suite A is approximately ±518 SF and boasts cathedral ceilings, large windows with excellent natural light, ample parking, and a separate private office. - This property is one of the only locations within 10 miles for a professional office space. - $1,750.00/month (utilities included) - Located in the heart of Lagunitas with beautiful scenery - Diverse tenant mix - 518 SF available - Open floor plan & large windows - Vaulted/Cathedral Ceilings - Ample parking - Premier building within a 10 mile radius

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Contact us

Listing Agency: JD Management Group Inc. j***@cbnorcal.com Show Phone

Listed By: Jonathan Davis · License #01510138 Show Phone

Source: Moodyscre

Added: May 12, 2025 Changed: Aug 8 Last Checked: Aug 29 at 4:59PM

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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 JD Management Group Inc.

Investment Insights

Based on property information with market context.

The property is a multi-tenant professional office and retail building situated in the heart of Lagunitas, effectively serving as the town center. Available for rent is Suite A, encompassing approximately 518 square feet. The suite features cathedral ceilings, large windows providing natural light, and a separate private office. The property provides ample parking. The location is noted as a premier building within a 10-mile radius and one of the only locations within 10 miles for a professional office space. The tenant mix is diverse, including a yoga studio, pilates practice, professional offices, a tea shop, a restaurant, and a grocery store/deli. The available space has an open floor plan and is located in an area with scenery.

Key Highlights

• Premier building, the only professional office space within a 10‑mile radius.
• $1,750.00/month with utilities included.
• Located in the heart of Lagunitas, serving as the town center.

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

$165,308

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

5.60%

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%

$3,306,160 $3.3M

Cap Rate 7%

$2,361,543 $2.4M

Cap Rate 9%

$1,836,756 $1.8M

Market Conditions

NOI Build-Up for 518 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

$256.4K $495.00/SF

− Vacancy

−$20.3K −$39.11/SF

EGI

$236.2K $455.90/SF

− OpEx

−$70.8K −$136.77/SF

NOI

$165.3K $319.13/SF

Area

Marin County, CA

Vacancy

7.90%

Lease Rate

$495.00 /SF/Yr

Expense Ratio

30.00%

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%

$3,306,160

Cap Rate 7%

$2,361,543

Cap Rate 9%

$1,836,756

Alternative Uses

Best Use

Retail

$2.36M

$2.07M – $2.76M (±1% cap)

NOI $165,308 @ 7.0% cap · market cap 5.60%

Second Best

Office B

$149.5K

$130.9K – $174.5K (±1% cap)

NOI $10,468 @ 7.0% cap · market cap 0.35%

Theoretical Best

Specialty Retail

$2.53M

$2.21M – $2.95M (±1% cap)

NOI $177,115 @ 7.0% cap · market cap 6.00%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Tea Museum & The Phoenix ... Museum 3 Generations Chiropractic ... Alternative Medicine Practice Valley Haven Massage ... Gym & Fitness Center Kest David J Psychotherapist Earthware Biodegradables (Bike/Boat/Book/etc) Store

Location Intelligence

Trade Area within ½ mile

70

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office units - Multi-tenant building in Lagunitas with diverse tenant mix.

Where is this office units located?

The property is located at 7282 Sir Francis Drake Blvd Lagunitas, CA.

What is the asking price?

The asking price for this property is $2,950,000.

What are key features of this property?

This property features: Premier building, the only professional office space within a 10‑mile radius.; $1,750.00/month with utilities included.; Located in the heart of Lagunitas, serving as the town center.