CA > San Rafael > Jlos Ranchitos
San Rafael, CA 94903,8 Circle RD
San Rafael, CA 94903,8 Circle RD
San Rafael, CA 94903,8 Circle RD
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Michael Langhals

Michael Langhals

+1(707) 490-4300
Listed by Paul Cingolani • Berkshire Hathaway
$5,250,000
Est. payment /mo
7 Beds
5 Baths
8,192 SqFt
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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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Michael Langhals

Michael Langhals

+1(707) 490-4300

Agent | DRE#DRE#01855818

Agent DRE#DRE#01855818

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