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 Market384
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: Oct 8
Last Checked: Oct 19 at 7:23AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$121,740
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,323
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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.
