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Investment Highlights

  • Well-maintained property with 100% occupancy and NOI of $58,284
  • Zoned TSN 40/60, offering flexibility for diverse retail or redevelopment uses
  • Recent improvements: roof resurfaced (2012), lot restriping and repairs (2018), new sewage lateral (2023)
  • Centrally located in San Rafael with easy access to surrounding neighborhoods
  • Private on-site parking enhances usability for tenants and visitors
  • Opportunity for immediate income and long-term investment growth

Executive Summary

Located in the vibrant core of San Rafael, 905 D Street offers an investor the advantage of owning a fully leased retail asset with strong income stability and long-term upside potential. The property spans 3,872 square feet and sits on an 8,460 square-foot parcel with private parking, ensuring ease of access for both tenants and customers. Currently 100% occupied, the building delivers immediate revenue with a reported Net Operating Income of $58,284 annually. Zoned TSN 40/60, the site provides substantial flexibility for future redevelopment or expansion opportunities, making it attractive for investors seeking value-add potential.
This rare offering is positioned within a dense retail corridor surrounded by well-established businesses and a growing customer base. Recent upgrades—including roof resurfacing in 2012, lot restriping and repairs in 2018, and a new sewage lateral installed in 2023—underscore the asset’s well-maintained condition. The motivated seller presents a strong opportunity for buyers to secure a property supported by enduring demand and a strategic location that benefits from excellent visibility, central city positioning, and proximity to major regional routes.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
3,872 SF
Year Built
1934
Price
$1,300,000
Price Per SF
$335.74
Cap Rate
4.48%
NOI
$58,240
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.45
Lot Size
0.20 AC
Zoning
T5N 40/60 - T5N 40/60. Email Agent for Permitted Uses.

Amenities

  • 24 Hour Access
  • Signage
  • Monument Signage
  • Air Conditioning
Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
40/100

Nearby Major Retailers

Curves
Chase Bank
Mechanics Bank
Pacific Premier Bank
Bank of America
Citizens Business Bank
Columbia Bank
Mr. Pickle's Sandwich Shop
Starbucks
Jazzercise

Property Taxes

Property Taxes

Parcel Number
011-251-07
Land Assessment
$447,332
Improvements Assessment
$177,107
Total Assessment
$624,439
  • Listing ID: 40149835

  • Date on Market: 4/14/2026

  • Last Updated:

  • Address: 905 D St, San Rafael, CA 94901

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