8 Circle Road, San Rafael, CA 94903, San Rafael, 94903 - 7 bed, 5 bath

8 Circle Road
San Rafael, CA 94903
Property Price
SUMMARY
Analysis of 8 Circle Road, San Rafael, CA 94903 is currently available with a list price of $5,250,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the San Rafael Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1999, this property is well-maintained and functional, but the kitchens and bathrooms show signs of being outdated. The main kitchen features light wood cabinets and solid surface countertops, consistent with its era, while a secondary kitchen has tiled countertops and older white appliances. Bathrooms also feature light wood vanities and tiled surfaces, reflecting a style from 15-25 years ago. While move-in ready, the property has not undergone extensive modern renovations, placing it in the 'fair' category where major components are functional but show signs of being outdated.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 49998, living area = 8192.
- Great Schools
Elementary School: Dixie Elementary School (9/10).
- Secure Long-Term Cash Flow
The property offers secure and predictable cash flow backed by a long-term commercial lease, with the tenant recently renewing through 2035.
CONSRISKS & DEFICIENCIES
- Single Tenant Risk
Reliance on a single commercial tenant for all income introduces a higher risk profile compared to multi-tenant properties, should the tenant default or vacate.
- High Entry Price Point
The asking price of $5,250,000 is substantial, which may limit the pool of potential buyers and require significant capital investment.
- Potential for Non-Traditional Use/Zoning
Described as a 'single-family residence with a long-term commercial tenant,' this unique setup might present complexities for future re-tenanting or resale if the commercial use is highly specialized or requires specific zoning considerations.
About 8 Circle Road
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1999
- Lot Size
- 49,998 Sq. Ft.
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Rafael Unified Schools
Sun Valley Elementary School
Grades K-5 • 0.8 mi
Vallecito Elementary School
Grades K-5 • 1.1 mi
Coleman Elementary School
Grades K-5 • 1.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 4.0 | 99% |
| Baths | 5.0 | 2.0 | 96% |
| Square foot | 8,192 | 1,761 | 99% |
| Lot Size | 49,998 | 7,802 | 95% |
| Price | $5.25M | $1.31M | 98% |
| Price per sq ft | $641 | $767 | 25% |
| Built year | 1999 | 1961 | 94% |
| HOA | $0 | $0 | 50% |
| Days on market | 110 | 171 | 20% |
Pricing History
Listed for Sale
Nov 17, 2025
$5,250,000
Initial Listing
Sold
Jul 15, 2004
$1,770,000
Public Record
Sold
Nov 26, 1997
$500,000
Public Record


















































