Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Novato Office/Studio Space For Rent Title is generated by Realmo AI

    74 Digital Dr, Novato, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Second floor office/studio with full kitchen and bathroom.

    Type:INDUSTRIAL
    Property size:
    1,625 SF
    Lot size:
    0.33 Acres
    Added:
    Jan 6, 2025
    Days on Market:
    499
    Last Refresh:
    Apr 5 at 9:31 pm

    Property Features for 74 Digital Dr

    General Information

    Standard status
    Active
    Size
    1,625 SF
    Lot size
    0.33 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 74 Digital Dr Contact us

    We can help!

    Listing Contact
    Steve Easley

    Listing agent Steve Easley License #00378205

    Listing office Meridian Commercial

    Listing date Jan 6, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Meridian Commercial

    HighLights

    • Full kitchen for your culinary adventures
    • Washer/dryer for convenient laundry
    • Bathroom with bathtub to relax and unwind
    • Two skylights that fill the space with natural light
    • Second floor office/studio, perfect for work or hobbies
    • Fully sprinklered for safety and peace of mind

    Overview

    This second-floor office/studio space features a full kitchen, a bathroom equipped with a bathtub, and a washer/dryer. The property includes two skylights and is fully sprinklered. The tenant is responsible for covering the costs of PG&E, water, and garbage services. The property size is 1625 square feet.
    Location Intelligence

    Current Use by Public Records

    Cerrudo Services Construction Company JEMgraphics Media Center Video Production Service Marin Art School Vocational School Dorallen Davis Artist Maloney Construction, Inc. Charitable Organization

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Novato
    County
    Marin
    State
    California
    Longitude
    -122.53
    Latitude
    38.071

    Nearby Similar for Lease

    • Sponsored
      $129-$5,694/Mo
      11-1,292 SF

      CA, Novato - Bel Marin Keys Blvd

      371 Bel Marin Keys Blvd, Unit 130, Novato, CA 94949
      View Details
    • $129-$5,454/Mo
      11-1,292 SF

      Woodside Office Center

      7250 Redwood Blvd, Unit 300, Novato, CA 94945
      View Details
    • $1.75 SF/Yr
      31,271 SF

      Professional Office Space with Amenities

      Well-maintained office space with natural light, convenient location, and ample parking.
      7595 & 7599 Redwood Blvd, Novato, CA 94945
      View Details
    • $1.45 SF/Yr
      9,051 SF

      Bel Marin Keys Office Park

      Office and warehouse spaces in Bel Marin Keys Office Park.
      8 & 16 Digital Drive, Novato, CA 94949
      View Details
    • Contact for pricing
      6,800 SF

      Industrial Warehouse with Office Space

      Divisible warehouse with office, loading docks, and yard.
      77 Hamilton Dr, Novato, CA 94949
      View Details
    • $2 SF/Yr

      Novato Office Space with Views

      Premier office environment with views and planned upgrades.
      7200 Redwood Blvd, Novato, CA 94945
      View Details
    • Contact for pricing
      22,870 SF

      Novato Office Space Available

      Office building with 22,870 square feet available for rent.
      7250 Redwood Blvd, Novato, CA 94945
      View Details
    • $1.40 SF/Yr

      Office and Warehouse Near Downtown

      Office and warehouse building close to downtown Novato and Highway 101.
      7049 Redwood Blvd, Novato, CA 94945
      View Details
    • $2.00 SF/Yr
      1,200 SF

      Freestanding Office Building For Rent

      Freestanding office building with high visibility in South Novato.
      400 Rowland Blvd, Novato, CA
      View Details
    • $1.95 SF/Yr

      Renovated Office Space with Deck

      Recently renovated office spaces with abundant natural light and great amenities.
      7428 Redwood Blvd, Novato, CA 94945
      View Details
    • $2 SF/Yr
      10,109 SF

      Office Space with Freeway Access

      Office space with excellent freeway access and recent renovations.
      75 Rowland Way, Novato, CA
      View Details
    • $3,110/Mo

      Commercial Space Available For Rent

      Commercial space for rent in Novato, California.
      14 Commercial Boulevard #133, Novato, CA 94949
      View Details

    FAQs

    What type of property is this?
    Office units - Second floor office/studio with full kitchen and bathroom.
    Where is this office units located?
    The property is located at 74 Digital Dr Novato, CA.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: Full kitchen for your culinary adventures; Washer/dryer for convenient laundry; Bathroom with bathtub to relax and unwind
    (415) 272-6147 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steve Easley
    Real Estate License ID: 00378205
    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

    Thank You for Inquiry
    74 Digital Dr, Novato, CA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!