8 Circle Road

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.

Days on Market

2 days

Current Status

Active

Original Price

$4,850,000

List Price

$4,850,000

On Market Date

Mar 5, 2026

Property Type

Single Family Residence

Area

San Rafael

Zip Code

94903

MLS ID

326018374

APN

179-191-05

Year Built

1999

Stories in Building

Unavailable

Possession

Rental Agreement, Subject To Tenant Rights

Data Source

BAREIS

Origin MLS System

Bed

10

Bath

7 (6/1)

Double Sinks, Shower Stall(s), Tile, Tub, Window

Parking

4

Garage Facing Front, Private, Side-by-Side, Uncovered Parking Spaces 2+

SQ FT

5,910

SQ FT Source

Assessor Agent-Fill

Lot SQ FT

49,998.0

Lot Acres

1.1478 Acres

Pool Info

Built-In, Pool House

Kitchen

Breakfast Area, Butlers Pantry, Island

Cooling

Central

Dining Room

Breakfast Nook, Dining/Living Combo

Flooring

Carpet, Tile, Wood

Foundation

Concrete

Fire Place

Dining Room, Living Room, Wood Burning

Heating

Central

Laundry

Inside Room

Upper Level

Bedroom(s), Family Room, Full Bath(s), Garage, Kitchen, Street Entrance

Main Level

Bedroom(s), Dining Room, Family Room, Full Bath(s), Kitchen, Living Room, Primary Bedroom

Possession

Rental Agreement, Subject To Tenant Rights

Fee

$0

MLS and other Information regarding properties for sale as shown in Theo have been obtained from various sources such as sellers, public records, agents and other third parties. This information may relate to the condition of the property, permitted or unpermitted uses, zoning, square footage, lot size/acreage or other matters affecting value or desirability. Unless otherwise indicated in writing, neither brokers, agents nor Theo have verified, or will verify, such information. If any such information is important to buyer in determining whether to buy, the price to pay or intended use of the property, buyer is urged to conduct their own investigation with qualified professionals, satisfy themselves with respect to that information, and to rely solely on the results of that investigation.

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