Mixed-Use Retail and Office
For Sale
$4,995,000
763 Bridgeway, Sausalito, CA 94965
Ground-floor retail fronts Bridgeway with office space above, offering flexible layouts within one mixed-use property.
Property Size8,424 SF
Price / SF$592.95
Days on Market170
Property Features for 763 Bridgeway
General Information
Standard status
Active
Size
8,424 SF
Property subtype
Commercial Sale / Mixed Use
Amenities
4
Building Details
Year Built
1957
Listing Agency:
HL Commercial Real Estate
(415) 366-0022
Listed By:
Joseph Morrison · License #02067309
(415) 366-0022
Source:
Compass
Added: Feb 21
Changed: Aug 8
Last Checked: Jul 23 at 5:43PM
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 HL Commercial Real Estate
Investment Insights
Based on property information with market context.
763–771 Bridgeway is a mixed-use building offering retail space on the ground floor and office spaces above. Built in 1957, the property is described as having high ceilings, expansive windows, and interiors suitable for modern business operations.
The building is positioned on Bridgeway with strong street visibility along one of the city’s busiest streets. Parking is available at a city parking lot located across the street, and the property is within a short walk of the Sausalito ferry service.
At approximately 8,424 square feet, the combination of street-facing retail and quieter upper-level offices is designed to support businesses that benefit from customer visibility while also needing functional workspace in the same address.
The building is positioned on Bridgeway with strong street visibility along one of the city’s busiest streets. Parking is available at a city parking lot located across the street, and the property is within a short walk of the Sausalito ferry service.
At approximately 8,424 square feet, the combination of street-facing retail and quieter upper-level offices is designed to support businesses that benefit from customer visibility while also needing functional workspace in the same address.
Key Highlights
- 4‑story mixed‑use building with ground‑floor retail and office space above
- Approximately 8,424 SF total with retail frontage on Bridgeway and offices on upper levels
- Built in 1957 with high ceilings and expansive windows
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
$170,242
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
3.41%
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%
$3,404,840
$3.4M
Cap Rate 7%
$2,432,029
$2.4M
Cap Rate 9%
$1,891,578
$1.9M
Market Conditions
NOI Build-Up for 8,424 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
$304.3K $36.12/SF
− Vacancy
−$77.3K −$9.17/SF
EGI
$227.0K $26.95/SF
− OpEx
−$56.7K −$6.74/SF
NOI
$170.2K $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%
$3,404,840
Cap Rate 7%
$2,432,029
Cap Rate 9%
$1,891,578
Alternative Uses
Best Use
Retail
$38.40M
$33.60M – $44.81M
NOI $2,688,322 @ 7.0% cap · market cap 53.82%
Second Best
Office B
$2.43M
$2.13M – $2.84M
NOI $170,242 @ 7.0% cap · market cap 3.41%
Theoretical Best
Specialty Retail
$41.15M
$36.00M – $48.01M
NOI $2,880,345 @ 7.0% cap · market cap 57.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,718
Businesses Nearby
Explore this area
Business Placement
Demographics for 94965, CA
11,447
Population
6,797
Households
1.7
Avg Household Size
50
Median Age
65%
College-Educated
93%
High-School Grad
14.6 sq mi
ZIP Area
784
Density / Sq Mi
$140,417
Median Household Income
$84,023
Median Earnings
$2,952
Median Rent
$1,492,600
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 - Ground-floor retail fronts Bridgeway with office space above, offering flexible layouts within one mixed-use property.
Where is this office units located?
The property is located at 763 Bridgeway Sausalito, CA.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: 4‑story mixed‑use building with ground‑floor retail and office space above; Approximately 8,424 SF total with retail frontage on Bridgeway and offices on upper levels; Built in 1957 with high ceilings and expansive windows
