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

8 Circle Road, San Rafael, CA 94903 home-pic-0

8 Circle Road

San Rafael, CA 94903

ACTIVE
CONDITION: FAIR
7Beds
5Baths
8,192Sq Ft
49,998Lot Size

Property Price

LIST PRICE$5,250,000

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

Fair
TeardownExcellent

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Built in 1999, this property is well-maintained and functional, but the kitchens and bathrooms show signs of being outdated.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modern renovations, placing it in the 'fair' category where major components are functional but show signs of being outdated.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

8/10

Vallecito Elementary School

Grades K-5 • 1.1 mi

7/10

Coleman Elementary School

Grades K-5 • 1.4 mi

5/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds7.04.0
99%
Baths5.02.0
96%
Square foot8,1921,761
99%
Lot Size49,9987,802
95%
Price$5.25M$1.31M
98%
Price per sq ft$641$767
25%
Built year19991961
94%
HOA$0$0
50%
Days on market110171
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

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