Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    206 Caledonia St Sausalito, CA 94965

    Sponsored
    For Sale
    $11,634,000

    Prime Sausalito Multifamily, Bay Views

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    406
    This exceptional 17-unit apartment building presents a rare investment opportunity in the highly desirable Sausalito, California market. Located at 206 Caledonia Street, 94965, this property boasts a prime downtown location, offering tenants easy walkability to shops, restaurants, and entertainment. The building encompasses 10,300 square feet on an 8,400 square foot lot and features covered and on-site parking. Constructed in 1956, the building is zoned HDR Apartments and benefits from historically low tenant turnover. Seven units have undergone recent renovations, enhancing their appeal and rental potential. Select units offer stunning Bay views, a highly sought-after amenity in this coveted location. The asking price for this remarkable multifamily property is $11,634,000. This is one of only seven market-rate apartment buildings in Sausalito with over 15 units, making it a truly unique and valuable asset. The property's central location and attractive features make it an ideal investment for discerning buyers seeking a strong return in a thriving California coastal community.

    Property Features for 206 Caledonia St

    General Information

    Property type
    Multifamily properties

    We can help!

    Listing Contact
    Denise Kilker

    Learn more

    Property Insight Report

    HighLights

    • 10,300 square feet; 17‑unit apartment building.
    • 8,400 square foot lot.
    • Covered and on‑site parking.
    • Built in 1956.
    • HDR Apartment zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Beach House Apartment Building

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sausalito
    County
    Marin
    State
    California
    Longitude
    -122.48658953483
    Latitude
    37.859276787995

    Nearby Comparable

    • $2,287,000
      3,474 SF

      Sausalito Mixed-Use Investment Opportunity

      Charming mixed-use property in Sausalito with retail and office spaces.
      219 Caledonia St, Sausalito, CA 94965
      View Details
    • $3,400,000
      2,666 SF

      Sausalito Restaurant Portfolio

      Prime Sausalito location, multi-tenant retail.
      1917 Bridgeway, Sausalito, CA 94965
      View Details
    • $3,400,000
      1,911 SF

      Sausalito Retail Investment Opportunity

      Prime Sausalito location, fully occupied, high visibility.
      1917 Bridgeway, Sausalito, CA 94965
      View Details
    • $5,995,000
      8,400 SF

      Sausalito Waterfront Office/Retail Opportunity

      Prime Sausalito waterfront property with office, retail, and parking.
      599 Bridgeway, Sausalito, CA 94965
      View Details
    • $4,925,000
      5,492 SF

      Sausalito Waterfront Multifamily Investment

      Iconic 8-unit building, high occupancy, prime location.
      561 Bridgeway Way, Sausalito, CA 94965
      View Details
    • $75,000

      Level Improved Land For Sale

      Level, improved land at the end of the road.
      1 Hog Rnch Rd, Sausalito, CA 94965
      View Details
    • $2,300,000
      2,700 SF

      Sausalito Industrial Space - Prime Location

      2,700 sq ft Industrial Building, 0.24 Acres
      2660 Bridgeway St, Sausalito, CA 94965
      View Details
    • $3,000,000
      5,939 SF

      Sausalito Waterfront Multifamily Investment

      Unique Sausalito multifamily property with waterfront views and upside potential.
      40 Varda Landing Rd, Sausalito, CA 94965
      View Details
    • $2,895,000

      Sausalito Specialty Property For Sale

      Unique Sausalito property available for purchase.
      23 Gate 6 1/2 Rd, Sausalito, CA 94965
      View Details
    • Contact for pricing
      6,000 SF

      Mill Valley Office Building

      6,000 SF Class C office building available for sale.
      150 Shoreline Hwy, Mill Valley, CA 94941
      View Details

    Nearby Similar for Sale

    • $3,000,000
      5,939 SF

      Sausalito Waterfront Multifamily Investment

      Unique Sausalito multifamily property with waterfront views and upside potential.
      40 Varda Landing Rd, Sausalito, CA 94965
      View Details
    • $2,287,000
      3,474 SF

      Sausalito Mixed-Use Investment Opportunity

      Charming mixed-use property in Sausalito with retail and office spaces.
      219 Caledonia St, Sausalito, CA 94965
      View Details
    • $5,995,000
      8,400 SF

      Sausalito Waterfront Office/Retail Opportunity

      Prime Sausalito waterfront property with office, retail, and parking.
      599 Bridgeway, Sausalito, CA 94965
      View Details
    • $2,895,000

      Sausalito Specialty Property For Sale

      Unique Sausalito property available for purchase.
      23 Gate 6 1/2 Rd, Sausalito, CA 94965
      View Details
    • $3,400,000
      1,911 SF

      Sausalito Retail Investment Opportunity

      Prime Sausalito location, fully occupied, high visibility.
      1917 Bridgeway, Sausalito, CA 94965
      View Details
    • $2,300,000
      2,700 SF

      Sausalito Industrial Space - Prime Location

      2,700 sq ft Industrial Building, 0.24 Acres
      2660 Bridgeway St, Sausalito, CA 94965
      View Details
    • $4,925,000
      5,492 SF

      Sausalito Waterfront Multifamily Investment

      Iconic 8-unit building, high occupancy, prime location.
      561 Bridgeway Way, Sausalito, CA 94965
      View Details
    • $3,400,000
      2,666 SF

      Sausalito Restaurant Portfolio

      Prime Sausalito location, multi-tenant retail.
      1917 Bridgeway, Sausalito, CA 94965
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Prime Sausalito Multifamily, Bay Views
    Where is this multifamily property located?
    The property is located at 206 Caledonia St Sausalito, CA.
    What is the asking price?
    The asking price for this property is $11,634,000.
    What are key features of this property?
    This property features: 10,300 square feet; 17-unit apartment building.; 8,400 square foot lot.; Covered and on-site parking.
    Request Owner's contact information
    206 Caledonia St Sausalito, CA 94965
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    206 Caledonia St
    Sausalito, CA 94965
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    206 Caledonia St Sausalito, CA 94965
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Denise Kilker
    Real Estate License ID: 01939014
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.