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.
For sale
$5,250,000
8 Circle Road, San Rafael, CA 94903
6beds
1sqft
Est.:
Multi Family
Built in 1999
-- sqft lot
$5,352,900 Zestimate®
$5,250,000/sqft
$-- HOA
What's special
Low-maintenance structure
- 11 days |
- 419 |
- 4 |
Zillow last checked: 8 hours ago
Listing updated: December 08, 2025 at 01:38am
Listed by:
Paul Cingolani DRE #01219494 415-726-9630,
Berkshire Hathaway 415-329-6790
Source: BAREIS,MLS#: 325100681
Originating MLS: Marin County
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 4
- Partial bathrooms: 1
Heating
- Central
Cooling
- MultiZone
Appliances
- Laundry: Other
Features
- Unit 1 - Beds: 0, Baths: 0, Square Footage: 8192 | Unit 2 - Beds: 0, Baths: 0, Square Footage: 8192 | Unit 3 - Beds: 0, Baths: 0, Square Footage: 8192 | Unit 4 - Beds: 0, Baths: 0, Square Footage: 8192
Interior area
- Total structure area: 1
- Total interior livable area: 1 sqft
Property
Parking
- Total spaces: 5
- Parking features: Attached, Garage
- Attached garage spaces: 1
Features
- Levels: One
Lot
- Size: 1.15 Acres
- Features: Shape Regular
Details
- Parcel number: 17919105
- Special conditions: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1999
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: San Rafael
Financial & listing details
- Price per square foot: $5,250,000/sqft
- Tax assessed value: $2,464,203
- Date on market: 11/29/2025
Estimated market value
$5,352,900
$5.09M - $5.62M
$7,161/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/17/2025 | Listed for sale | $5,250,000+61.5%$5,250,000/sqft |
Source: | ||
| 12/4/2019 | Listing removed | $3,250,000$3,250,000/sqft |
Source: BHHS Drysdale Properties #21913065 Report a problem | ||
| 12/3/2019 | Price change | $3,250,000+8.4%$3,250,000/sqft |
Source: BHHS Drysdale Properties #21913065 Report a problem | ||
| 11/5/2019 | Price change | $2,999,000-4%$2,999,000/sqft |
Source: Berkshire Hathaway Home Services Drysdale Properties #21913065 Report a problem | ||
| 10/1/2019 | Price change | $3,125,000-3.8%$3,125,000/sqft |
Source: BHHS Drysdale Properties #21913065 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $2,464,203 +2% |
| 2024 | $30,393 -1.1% | $2,415,901 +2% |
| 2023 | $30,728 +4% | $2,368,536 +2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$32,768/mo
Principal & interest
$25986
Property taxes
$4944
Home insurance
$1838
Climate risks
Neighborhood: Rafael Meadows/Los Ranchitos
Nearby schools
GreatSchools rating
- 7/10Vallecito Elementary SchoolGrades: K-5Distance: 1.2 mi
- 7/10Miller Creek Middle SchoolGrades: 6-8Distance: 2.6 mi
- 9/10Terra Linda High SchoolGrades: 9-12Distance: 0.9 mi
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