$4,850,000
bedrooms
10
bathrooms
7
square feet
5,910
Acreage
1.1478
Open Houses
-
year built
1999
Full Baths
6
Half Baths
-
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 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.
| Location | |
| Subdivision | - |
| County | Marin |
| Elementary School | - |
| Middle School | - |
| High School | - |
Open houses
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MLS number: 326018374
Listing agent:
Joseph Morrison
#02067309
Listing broker:
HL Commercial Real Estate
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Last update: Friday, March 13 2026 at 3:37 a.m. EDT
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