Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Premier Medical Office Space Title is generated by Realmo AI

    165 Rowland Way, Novato, CA

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

    Class A medical office near hospital, shopping, and transportation.

    Type:OFFICE
    Property size:
    4,358 SF
    Lot size:
    4.24 Acres
    Added:
    Feb 7, 2023
    Days on Market:
    1189
    Last Refresh:
    Apr 5 at 10:18 pm

    Property Features for 165 Rowland Way

    General Information

    Standard status
    Active
    Size
    4,358 SF
    Lot size
    4.24 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 165 Rowland Way Contact us

    We can help!

    Listing Contact
    Brian Foster

    Listing agent Brian Foster

    Listing office Cushman & Wakefield | Larkspur

    Listing date Feb 7, 2023

    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 Cushman & Wakefield | Larkspur

    HighLights

    • Class A medical office building adjacent to Novato Community Hospital.
    • Freeway visible location with easy access off US 101.
    • Abundant free parking (5/1,000).
    • On‑site security.
    • On‑site cafe and easy access to restaurants, hotels, gyms & shopping.
    • Mature landscaping with exterior seating areas and views of Marin County’s open space.

    Overview

    This Class A medical office building is located in Novato, just off US 101 at Rowland Way, adjacent to the Vintage Oaks Shopping Center and the Novato Community Hospital. The location provides easy access to a variety of restaurants, hotels, gyms and shopping options. The property features mature landscaping with exterior seating areas and views of Marin County’s open space and wetlands. It is connected to the Novato Community Hospital Building. The building is freeway visible and easily accessible, with public transportation located one block away. A bicycle and pedestrian path is located behind the building. The property offers abundant free parking at a ratio of 5 per 1,000 square feet and on-site security. An on-site cafe is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    165 Rowland Way ... Medical Clinic Cheryl A. Lind, PT Physician Petaluma Botox Medical Clinic Miguel Delgado, M.D. Physician Advanced Eyecare Physician

    Suggested Use

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

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

    Similar Places Nearby

    • Allison Joiner — 7077 Redwood Blvd, Novato, CA 94945
    • Center Veterinary Clinic — 1553 S Novato Blvd #B, Novato, CA 94947
    • South Novato Animal Hospital — 7077 Redwood Blvd, Novato, CA 94945
    • Petco Vaccination Clinic — 208 Vintage Way, K1 & K2 K1 & K2, Novato, CA 94945
    • Williams James T DVM — Novato, CA 94948

    Location Insight

    • Map
    • Local Demand
    City
    Novato
    County
    Marin
    State
    California
    Longitude
    -122.561
    Latitude
    38.0985

    Nearby Similar for Lease

    • Contact for pricing

      CA, Novato - Bel Marin Keys Blvd

      371 Bel Marin Keys Blvd, Unit 130, Novato, CA 94949
      View Details
    • Sponsored
      Contact for pricing

      Woodside Office Center

      7250 Redwood Blvd, Unit 300, Novato, CA 94945
      View Details
    • Contact for pricing

      Bel Marin Keys Office Park

      Office and warehouse spaces in Bel Marin Keys Office Park.
      8 & 16 Digital Drive, Novato, CA 94949
      View Details
    • $1.75 SF/Yr

      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
    • $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

      Industrial Warehouse with Office Space

      Divisible warehouse with office, loading docks, and yard.
      77 Hamilton Dr, Novato, CA 94949
      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
    • $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
    • $3,110/Mo

      Commercial Space Available For Rent

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

      Novato Office Space Available

      Office building with 22,870 square feet available for rent.
      7250 Redwood Blvd, Novato, CA 94945
      View Details
    • $2.00 SF/Yr

      Freestanding Office Building For Rent

      Freestanding office building with high visibility in South Novato.
      400 Rowland Blvd, Novato, CA
      View Details
    • $2 SF/Yr

      Office Space with Freeway Access

      Office space with excellent freeway access and recent renovations.
      75 Rowland Way, Novato, CA
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Class A medical office near hospital, shopping, and transportation.
    Where is this medical office space located?
    The property is located at 165 Rowland Way Novato, CA.
    What is the lease rate?
    The lease rate is $31 SF/Yr.
    What are key features of this property?
    This property features: Class A medical office building adjacent to Novato Community Hospital.; Freeway visible location with easy access off US 101.; Abundant free parking (5/1,000).
    (415) 485-0500 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brian Foster
    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
    165 Rowland Way, 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!