Industrial Warehouse with Highway
265 Bel Marin Keys Blvd Novato, CA
For Sale
Contact for pricing
31,541 SF warehouse with convenient highway access.
Property Size31,541 SF
Lot Size1.69 Acres
Price / SF$285.34
Days on Market498
Property Features for 265 Bel Marin Keys Blvd
General Information
Standard status
Active
Size
31,541 SF
Lot size
1.69 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Colliers | Oakland
(510) 219-7854
Listed By:
Mark Maguire · License #CA01190597
(510) 219-7854
Source:
Moodyscre
Added: Mar 19, 2025
Changed: Jul 10
Last Checked: Jul 29 at 12:17PM
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 Colliers | Oakland
Investment Insights
Based on property information with market context.
This industrial property features approximately 5,500 square feet of office space and a total area of 31,541 square feet. It includes six grade-level doors and a dock-high loading well. The warehouse offers a minimum clear height of approximately 21 to 22 feet and is fully sprinklered. The property benefits from immediate access to Interstate 101.
Key Highlights
- Immediate access to Interstate 101
- ±5,500 SF office space available
- Features six (6) grade‑level doors
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $605.6k | $19.20 |
| − Vacancy | −$39.4k | −$1.25 |
| EGI | $566.2k | $17.95 |
| − OpEx | −$84.9k | −$2.69 |
| NOI | $481.3k | $15.26 |
31,541 SF · lease $19.20/SF/yr · vacancy 6.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$6.88M
$6.02M – $8.02M
NOI $481,290 @ 7.0% cap · market cap 5.35%
Second Best
Industrial
$5.39M
$4.72M – $6.29M
NOI $377,546 @ 7.0% cap · market cap 4.19%
Theoretical Best
Specialty Retail
$154.06M
$134.81M – $179.74M
NOI $10,784,538 @ 7.0% cap · market cap 119.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Ignacio Mini Storage — 394 Bel Marin Keys Blvd, Novato, CA 94949
- Novato Mini Storage — 21 Commercial Blvd, Novato, CA 94949
- A and P Records Management and Mobile Certified Shredding — 111 Hamilton Dr, Novato, CA 94949
- Luigys Moving & Storage Novato — 122 Hamilton Dr, Novato, CA 94949
Frequently Asked Questions
What type of property is this?
Warehouse - 31,541 SF warehouse with convenient highway access.
Where is this warehouse located?
The property is located at 265 Bel Marin Keys Blvd Novato, CA.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: Immediate access to Interstate 101; ±5,500 SF office space available; Features six (6) grade‑level doors
