Property profile

1824 Sir Francis Drake Blvd Fairfax, CA 94930

FOR SALE
Commercial real estate
Property ID
US10-3194408
1,825 SF 0.06 ac lot Built 1940
Trust Owned 20-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1940s commercial property at 1824 Sir Francis Drake Boulevard in the heart of downtown Fairfax, CA presents a rare opportunity for business owners. Situated on a 0.06-acre lot, this charming building offers a versatile layout ideal for a variety of uses. The current configuration includes a prominent street-facing retail showroom, a spacious rear workroom perfect for storage or additional business operations, a small office, a convenient kitchenette, and a full bathroom. An inviting exterior patio and garden area add to the property's appeal. The building has undergone significant improvements over the years, ensuring it's in excellent condition and ready for immediate occupancy. Zoned Central Commercial, this property boasts significant upside potential. The zoning allows for the addition of a second-story residential unit, providing further development opportunities. The location is unparalleled, offering exceptional visibility and signage opportunities along a high-traffic corridor with consistent pedestrian and vehicular traffic. Fairfax is a thriving community known for its supportive atmosphere and strong local patronage, making this an ideal location for a business seeking a vibrant and engaged customer base. This property is perfectly positioned to capitalize on the town's reputation as a haven for innovative and forward-thinking individuals and businesses. Don't miss this chance to own a piece of Fairfax's thriving downtown. The asking price is $1,250,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1940
Total area 1,825 SF
Lot 0.06 ac (2,780 SF)
APN 001-226-40
UPID US10-3194408

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Art Gallery Picture Frame Shop

Location

1824 Sir Francis Drake Blvd Fairfax, CA 94930
Fairfax metro Census 114200 SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$570k
Comparable Approach Comparable
$380k
Blend (final) Blend
$560k

Owner & transaction history

since 2006
3 recorded transactions
2019
Price N/A
2006
$570,000
2005
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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