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Listed by Paul Cingolani • Berkshire Hathaway
$ 5,250,000
Est. payment /mo
New
8 Circle RD San Rafael, CA 94903
7 Beds
5 Baths
8,192 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 8,192 sqft
Price per Sqft $640
Subdivision Jlos Ranchitos
MLS Listing ID 325098886
Bedrooms 7
Full Baths 4
Half Baths 1
HOA Y/N No
Year Built 1999
Lot Size 1.148 Acres
Property Sub-Type Single Family Residence
Property Description
This exclusive Marin County single-tenant offering delivers secure, predictable cash flow backed by a long-term lease and minimal management requirements. At an asking price of $5,250,000, the investment produces a strong 6.04 cap rate based on actual NOI, positioning it as a compelling value opportunity in one of the Bay Area's most supply-constrained markets. Single-family residence with a long-term commercial tenant in place (10-year lease). The tenant recently renewed through 2035, demonstrating stability and commitment to the site. Annual rent increases provide built-in, inflation-protected income growth. With a Modified NNN lease, the tenant covers nearly all operating expenses, leaving the landlord responsible only for property taxes and structural items. This low-maintenance structure, combined with a current NOI of $317,015, makes the asset ideal for 1031 exchange buyers, private investors, and those seeking stable long-term cash flow with minimal oversight. Offering a rare blend of location, yield, and long-term stability, this Marin County asset stands out as one of the few opportunities delivering both quality and cash flow in today's market.
Location
State CA
County Marin
Community No
Area San Rafael
Interior
Heating Central
Cooling Central
Fireplaces Number 1
Fireplaces Type Other
Laundry Inside Room
Exterior
Parking Features Attached
Garage Spaces 5.0
Pool Built-In
Utilities Available Public
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1
Others
Senior Community No
Special Listing Condition Probate Listing
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