1566 4Th StSan Rafael, CA 94901

Property Details for 1566 4Th St

Year built

1916

Lot size

0.15 AC

Property size (Sq ft)

6,685 SF

Property type

Commercial real estate

APN

011-196-12

APU

1119612

Description

This exceptional mixed-use property, located at 1566-1570-1574 4th St and 100 F St in San Rafael, CA, presents a compelling investment opportunity. The 6,685 square foot building, constructed in 1916, sits on a 6,750 square foot lot and features four units: three retail spaces and 2,320 square feet of flexible commercial space. Currently operating at 50% occupancy, the property boasts a strong pro-forma net operating income (NOI) of $134,308, yielding a pro-forma cap rate of 5.72%. The asking price is $2,350,000, translating to $351.53 per square foot. The building benefits from its prime location on a high-traffic corridor (22,500 vehicles daily), excellent demographics (144,009 residents with an average household income exceeding $122,696 and average home values of $1.2 million), and convenient access to public transportation, including proximity to the SMART Train Station. Two units are currently leased to established businesses: Red Hill Pet and The Kitchen Table (a restaurant). Two vacant units (1570 4th Street and 100 F Street) offer immediate potential for increased rental income. The property is zoned WEV and offers significant upside potential for a savvy investor seeking a strong cash-flowing asset in a thriving San Rafael market. The building is a single-story Class B structure.

• Alternative Use

  Use

  Valuation

  Residential

  $2,099,259

  Hospitality

  $1,922,910

  Educational

  $1,599,838

  Medical

  $1,654,859

  Retail

  $2,488,637

Location Insight

City

San Rafael

County

Marin

State

California

Latitude

37.9741

Longitude

-122.536

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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