Four-Unit Office
For Sale
$1,350,000
820 5th Avenue, San Rafael, CA 94901
Four occupied suites each include private offices, reception space, a restroom, storage, and dedicated parking.
Property Size3,782 SF
Price / SF$356.95
Days on Market115
Property Features for 820 5th Avenue
General Information
Standard status
Active
Size
3,782 SF
Total Parking Spaces
12
Property subtype
Mixed Use
Additional Details
Public Transit
Yes
Office Units
4
Tenant in Place
Yes
Property Use
Office
Building Details
Building Size
3,782 SF
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
Navigate Real Estate
Listed By:
Joseph A Dibono · License #01255092
(707) 580-3499
Source:
Marinsfinest
Added: Jul 6
Changed: Oct 27
Last Checked: Oct 26 at 10:51PM
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 Navigate Real Estate
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Investment Insights
Based on property information with market context.
This 3,782-square-foot office property contains four separately occupied units. Each suite has three private offices, a reception area, a private restroom, and storage. The building dates to 1900 and has a newer roof and a freshly painted exterior.
Located in downtown San Rafael, the property is near shops, restaurants, professional services, and public transportation. Twelve off-street parking spaces are provided, with three assigned to each unit.
Located in downtown San Rafael, the property is near shops, restaurants, professional services, and public transportation. Twelve off-street parking spaces are provided, with three assigned to each unit.
Key Highlights
- Four occupied office units, each with three private offices, reception area, private restroom, and storage
- 3,782 square feet in a building constructed in 1900
- 12 dedicated off‑street parking spaces, with three allocated to each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,431
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,528,620
$1.5M
Cap Rate 7%
$1,091,871
$1.1M
Cap Rate 9%
$849,233
$849.2K
Market Conditions
NOI Build-Up for 3,782 SF
Gross rent
$136.6K $36.12/SF
− Vacancy
−$34.7K −$9.17/SF
EGI
$101.9K $26.95/SF
− OpEx
−$25.5K −$6.74/SF
NOI
$76.4K $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%
$1,528,620
Cap Rate 7%
$1,091,871
Cap Rate 9%
$849,233
Alternative Uses
Best Use
Office B
$1.09M
$955.4K – $1.27M
NOI $76,431 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$18.47M
$16.16M – $21.55M
NOI $1,293,146 @ 7.0% cap · market cap 95.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,842
Businesses Nearby
Explore this area
Business Placement
Demographics for 94901, CA
43,338
Population
16,412
Households
2.6
Avg Household Size
40
Median Age
48%
College-Educated
82%
High-School Grad
13.1 sq mi
ZIP Area
3,308
Density / Sq Mi
$108,837
Median Household Income
$50,122
Median Earnings
$2,229
Median Rent
$1,369,500
Median Home Value
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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?
Office building - Four occupied suites each include private offices, reception space, a restroom, storage, and dedicated parking.
Where is this office building located?
The property is located at 820 5th Avenue San Rafael, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Four occupied office units, each with three private offices, reception area, private restroom, and storage; 3,782 square feet in a building constructed in 1900; 12 dedicated off‑street parking spaces, with three allocated to each unit
