8 Circle Rd presents a rare single-tenant healthcare investment in San Rafael. The 5,910+/- SF luxury residence sits on an expansive 1.15-acre lot and was originally built in 1999 with a substantial 3,634 SF addition completed in 2004. The property is fully leased to Heartwood Detox, a residential healthcare operator… Read More in place since 2021, providing stable income. The home is configured to support healthcare operations with six private patient bedrooms, multiple staff and nurse offices, two kitchen areas (including a chef-operated kitchen), dining area, and multiple lounge and gathering spaces. Outdoor amenities include a private pool surrounded by the residence, horseshoe driveway, and a small working farm maintained by the tenant. The investment is offered at $4,850,000 with current annual rent of $360,000 and NOI of approximately $283,074, reflecting an estimated 5.84 cap rate. The lease includes annual increases through the base term ending October 2035, with a renewal option, offering investors stable income with built-in rent growth. Read Less
Listing courtesy of Joseph Morrison, HL Commercial Real Estate 4153660022
Listing Snapshot
Days Online
45
Last Updated
Property Type
Single Family Residence
Beds
10
Full Baths
6
Partial Baths
1
Square Ft.
5,910
Lot Size
1.15 Acres
Year Built
1999
MLS Number
326018374
30 Days Snapshot Of 94903
$1.15M
+25%
(avg) sold price
27
+12%
homes sold
61
-30%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Circular, Level, Paved Driveway
Building
5,910 square feet, Built in 1999, Construction/condition: Ceiling Insulation, Concrete, Glass, Wood, Wood Siding, 1
Foundation
Concrete
Home Owner's Association
HOA amount: No
Lot
Lot square footage: 49,998, 1.1478 acres, Back Yard, Fenced, Wood, Garden, Private, Split Possible
Pool
Yes
Roof
Shingle
Utilities
Cable Connected, Electric, Internet Available, Natural Gas Connected, Public, Sewer Connected
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