San Anselmo Retail/Office
For Sale
Contact for pricing
754 Sir Francis Drake Blvd, San Anselmo, CA
Two-story retail/office building on a large site in San Anselmo.
Property Size6,024 SF
Lot Size0.46 Acres
Price / SF$415.01
Days on Market339
Property Features for 754 Sir Francis Drake Blvd
General Information
Standard status
Active
Size
6,024 SF
Lot size
0.46 Acres
Property subtype
RETAIL
Listing Agency:
Newmark | San Rafael
(415) 526-7676
Listed By:
Joe McCallum · License #02048815
(415) 526-7672
Source:
Moodyscre
Added: Oct 1, 2025
Changed: Aug 8
Last Checked: Sep 1 at 8:05PM
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 Newmark | San Rafael
Investment Insights
Based on property information with market context.
The property at 754 Sir Francis Drake Blvd in San Anselmo is a two-story retail/office building with a rentable area of approximately 6,024 square feet, situated on a 0.46-acre site. The building contains eight tenant spaces, ranging in size from approximately 577 to 1,242 square feet, which can be combined. The property benefits from high visibility, on-site parking, walkability to downtown San Anselmo, and views of Mount Tamalpais. Additionally, the property offers an opportunity for residential re-development, given the shortage of new housing in Marin County. In 2016, a 16-unit apartment complex was approved on the site, and the property is acknowledged as a Housing Element Opportunity Site by the Town of San Anselmo.
Key Highlights
- Residential re‑development opportunity (previously approved for 16‑unit apartment complex; Housing Element Opportunity Site).
- Rare standalone commercial building in the Ross Valley, Marin County.
- High visibility and on‑site parking.
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
$121,740
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
4.87%
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%
$2,434,800
$2.4M
Cap Rate 7%
$1,739,143
$1.7M
Cap Rate 9%
$1,352,667
$1.4M
Market Conditions
NOI Build-Up for 6,024 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
$217.6K $36.12/SF
− Vacancy
−$55.3K −$9.17/SF
EGI
$162.3K $26.95/SF
− OpEx
−$40.6K −$6.74/SF
NOI
$121.7K $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%
$2,434,800
Cap Rate 7%
$1,739,143
Cap Rate 9%
$1,352,667
Alternative Uses
Best Use
Retail
$27.46M
$24.03M – $32.04M
NOI $1,922,418 @ 7.0% cap · market cap 76.90%
Second Best
Office B
$1.74M
$1.52M – $2.03M
NOI $121,740 @ 7.0% cap · market cap 4.87%
Theoretical Best
Specialty Retail
$29.42M
$25.75M – $34.33M
NOI $2,059,734 @ 7.0% cap · market cap 82.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,323
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Two-story retail/office building on a large site in San Anselmo.
Where is this retail space located?
The property is located at 754 Sir Francis Drake Blvd San Anselmo, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Residential re‑development opportunity (previously approved for 16‑unit apartment complex; Housing Element Opportunity Site).; Rare standalone commercial building in the Ross Valley, Marin County.; High visibility and on‑site parking.
