Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Shoreline Highway Mill Valley, CA 94941

    View on Map
    Claim this Listing
    For Sale
    $498,888

    Residential Lot - Mill Valley, CA

    Lot size:
    0.24 Acres
    Added:
    Dec 21, 2025
    Days on Market:
    118
    Last Refresh:
    Apr 18 at 10:06 pm

    Property Features for Shoreline Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    048-232-66
    Lot size
    0.24 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    John Zeiter
    John Zeiter

    Listing agent John Zeiter License #01325942

    Listing office Golden Gate Sotheby's International Realty 189 Sir Francis Drake Blvd, Mill Valley, CA

    Listing date Dec 21, 2025

    MLS# 325078700 Listing URL

    Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Lot in Desirable Location

    This 10,364 sq. ft. residential lot, as per tax records, presents a development opportunity in Mill Valley, California. Situated in the hills above Tamalpais Valley, the property is adjacent to the Golden Gate National Recreation Area. The location offers access to hiking and biking trails, Muir Woods, and Muir Beach. Positioned between Shoreline Highway and Lattie Lane, the lot is located just outside the Mill Valley city limits and 3.1 miles from Hwy 101 and minutes from Tam Junction. Neighboring vacant lots offer the potential for future expansion. This property allows for the construction of a custom home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Mill Valley
    County
    Marin
    State
    California
    Longitude
    -122.517773
    Latitude
    37.880623

    Nearby Similar for Sale

    • $2,050,000
      3,431 SF

      Mill Valley Retail/Office Investment

      Premier Mill Valley retail and office building for sale.
      30 Miller Avenue, Mill Valley, CA 94941
      View Details
    • $1,770,000
      2,421 SF

      Strawberry Mill Valley Vacant Duplex

      Remodeled duplex with income potential, views, and expansion possibilities.
      9 Clotilda Ct, Mill Valley, CA 94941
      View Details
    • $2,800,000

      Mixed-Use Property in Downtown Mill

      Rare Mill Valley mixed-use property with income and upside potential.
      158-160 E Blithedale Avenue, Mill Valley, CA 94941
      View Details
    • $3,750,000
      15,000 SF

      Waterfront Property with Development Potential

      Three buildings totaling 15,000 SF with flexible zoning.
      150 Shoreline Hwy, Mill Valley, CA 94941
      View Details
    • $1,350,000
      2,480 SF

      Mill Valley Medical Office Building

      Three-unit medical building in prime Mill Valley location for sale.
      295 Miller, Mill Valley, CA 94941
      View Details
    • $2,050,000
      3,431 SF

      Downtown Mill Valley Retail/Office Investment

      Premier Mill Valley retail/office building with strong tenant demand.
      30 Miller Avenue, Mill Valley, CA 94941
      View Details
    • $5,199,000
      851 SF

      Remodeled Executive Offices in Mill Valley

      Single executive offices for lease in prime downtown location.
      20 Sunnyside Ave, Mill Valley, CA
      View Details
    • $1,350,000
      2,480 SF

      Mill Valley Redevelopment Opportunity

      2,480 SF office building suitable for multifamily conversion.
      295 Miller Ave, Mill Valley, CA 94941
      View Details
    • $2,500,000
      3,840 SF

      Renovated Office Building with Views

      Two-story office building with recent renovations and abundant natural light.
      1058 Redwood Hwy Frontage Rd, Mill Valley, CA
      View Details
    • $2,895,000
      2,950 SF

      Retail Building in Mill Valley

      Located in the heart of Mill Valley's retail district.
      32 Miller Ave, Mill Valley, CA 94941
      View Details
    • $2,000,000
      2,530 SF

      Versatile Mill Valley Office Building

      Historic property with office and residential conversion potential.
      271 Miller Avenue, Mill Valley, CA 94941
      View Details
    • $13,000,000

      Strawberry Knoll Apartments Investment Opportunity

      Multifamily investment in Mill Valley's desirable Marin County location.
      19 Knoll Ln, Mill Valley, CA 94941
      View Details

    FAQs

    What type of property is this?
    Land - Residential lot in Mill Valley near outdoor recreation and amenities.
    Where is this land located?
    The property is located at Shoreline Highway Mill Valley, CA.
    What is the asking price?
    The asking price for this property is $498,888.
    What are key features of this property?
    This property features: Development opportunity to build a custom home in a desirable Mill Valley location.; Large 10,364 sq. ft. lot adjacent to the Golden Gate National Recreation Area.; Conveniently located just 3.1 miles from Hwy 101 and minutes from Tam Junction.
    (415) 720-1515
    We can help!
    Listing Contact
    John Zeiter
    John Zeiter
    Real Estate License ID: 01325942
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!