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San Rafael Office Redevelopment Opportunity

790 Mission Ave, San Rafael, CA 94901

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For Sale

$3,600,000

10,335 SF office building with redevelopment potential.

Type:Office

Property size:

10,335 SF

Price / SF:

$348/SF

We can help!

Contact an agent

Julie Sommer

Real Estate License ID: CalDRE #01169064

HighLights

Prime location in the heart of San Rafael with excellent visibility and accessibility.
Significant redevelopment potential due to T4N 40/50 zoning and diverse permitted uses.
Ideal for owner‑user or office/mixed‑use investment with residential possibilities.
Property will be delivered vacant, allowing for immediate use or redevelopment.
Close proximity to downtown amenities, dining, shops, Marin Civic Center, and the new Aegis Living facility.
Easy access to major roadways, SMART, and the Transit Center.

For Sale

$3,600,000

10,335 SF office building with redevelopment potential.

Type:Office

Property size:

10,335 SF

Price / SF:

$348/SF

Added:: Nov 21, 2025
Days on Market:: 228
Last Refresh:: May 8 at 9:55 pm

Property Features for 790 Mission Ave

General Information

Standard status: Active
Size: 10,335 SF
Property subtype: Office

Building Details

Year Built: 1955

We can help!

Contact an agent

Julie Sommer

Listing office SVN | MG Property Advisors, Inc.

Listing date Nov 21, 2025

Source Svn

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 SVN | MG Property Advisors, Inc.

HighLights

Prime location in the heart of San Rafael with excellent visibility and accessibility.
Significant redevelopment potential due to T4N 40/50 zoning and diverse permitted uses.
Ideal for owner‑user or office/mixed‑use investment with residential possibilities.
Property will be delivered vacant, allowing for immediate use or redevelopment.
Close proximity to downtown amenities, dining, shops, Marin Civic Center, and the new Aegis Living facility.
Easy access to major roadways, SMART, and the Transit Center.

Overview

Located at 790 Mission Ave in San Rafael, CA, this 10,335 SF office building, constructed in 1955, offers an investment opportunity. Zoned T4N 40/50, the property allows for numerous permitted uses and has development potential. The property is situated in a thriving community with a vibrant downtown area that includes dining options and locally owned shops. It is located directly across the street from the new Aegis Living facility, which is scheduled for completion in 2025. The Marin Civic Center, which hosts cultural events and performances, is nearby. The location provides easy access to major roadways and public transportation, including SMART and the Transit Center. The property has excellent visibility and accessibility and is ideal for office or mixed-use investment with residential potential. It will be delivered vacant for the new owner. Note: there is a parking easement on title which states 10 parking spaces must remain available for a neighboring property.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$373.3k	$36.12
− Vacancy	−$94.8k	−$9.17
EGI	$278.5k	$26.95
− OpEx	−$69.6k	−$6.74
NOI	$208.9k	$20.21

10,335 SF · lease $36.12/SF/yr · vacancy 25.40% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.98M

$2.61M – $3.48M (±1% cap)

NOI $208,861 @ 7.0% cap · market cap 5.80%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$50.48M

$44.17M – $58.90M (±1% cap)

NOI $3,533,756 @ 7.0% cap · market cap 98.16%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Law Offices of Barrett ... Law Firm Stromberg Richard C ... Law Firm Law Offices of Clyde ... Law Firm Pappas Getchell Marlene Law Firm Dykman & Wester LLP Law Firm

Suggested Use

Location Insight

Map
Local Demand

City: San Rafael
County: Marin
State: California
Longitude: -122.523
Latitude: 37.9744

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For sale
Office buildings
CA
San Rafael
94901
790 Mission Ave

What type of property is this?

Office building - 10,335 SF office building with redevelopment potential.

Where is this office building located?

The property is located at 790 Mission Ave San Rafael, CA.

What is the asking price?

The asking price for this property is $3,600,000.

What are key features of this property?

This property features: Prime location in the heart of San Rafael with excellent visibility and accessibility.; Significant redevelopment potential due to T4N 40/50 zoning and diverse permitted uses.; Ideal for owner‑user or office/mixed‑use investment with residential possibilities.