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

    74 Digital Dr, Unit 11 Novato, CA 94949

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    Contact for pricing

    Expansive commercial unit with live-work potential, parking, and storage.

    Property size:
    1,625 SF
    Lot size:
    0.04 Acres

    Property Features for 74 Digital Dr

    General Information

    Standard status
    Contract
    Size
    1,625 SF
    Lot size
    0.04 Acres

    Building Details

    Year built
    1985

    We can help!

    Listing Contact
    The Johnson Team
    Source: Corcoran

    Listing Agency: COLDWELL BANKER REALTY Listing Agent: The Johnson Team

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

    Learn more

    Property Insight Report

    Overview

    Versatile Commercial Live-Work Space

    This commercial space offers functionality and style, featuring over 15-foot ceilings, wood beams, and abundant natural light. The expansive unit includes a full kitchen, washer, dryer, a bedroom, and a bathroom, blending comfort and practicality. The open layout provides multiple adaptable workspaces suitable for individual workstations or collaborative areas, ideal for meetings or conferences. A 500 sq. ft. parking/storage area is located beneath the unit. The Homeowners Association fee is $599 per quarter, covering water, garbage, roof, alarm, exterior paint, and parking lot maintenance. The seller is open to lease options at $3,200 monthly, with $500 applied to the purchase price and $200 to the down payment each month. The seller will also lease for $2,200 per month and is open to owner financing with a 20% down payment at 6% interest for up to 5 years, amortized over 30 years. The property size is 1625 sq. ft.
    Property Profile Insight Report 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
    -122.5299522
    Latitude
    38.0710084

    Nearby Similar for Sale

    • $550,000
      3,352 SF

      Novato Commercial Condominiums For Sale

      Commercial condominiums ideal for medical/dental offices with ample parking.
      1615 Hill Rd, Novato, CA 94947
      View Details
    • $875,000
      3,150 SF

      Office/Warehouse Condo in Business Park

      Office/warehouse condo with roll-up door and highway access.
      285 Bel Marin Keys Blvd, Novato, CA 94949
      View Details
    • Contact for pricing

      Novato Office Building For Sale

      Office building in Novato with easy freeway access.
      250 Bel Marin Ky Blvd -, Novato, CA 94949
      View Details
    • Contact for pricing

      Improved Medical/Office Condominium For Sale

      Recently improved condominium with efficient medical/office layout, three private offices.
      Novato, CA 94947
      View Details
    • $675,000
      2,187 SF

      Light Industrial/Flex Condo For Sale

      2,187 SF light industrial/flex condo divided into two units.
      14 Commercial Blvd, Novato, CA 94949
      View Details
    • Contact for pricing
      798 SF

      Remodeled Office Space on Grant

      Move-in ready office space in Downtown Novato.
      1500 Grant Ave, Novato, CA 94945
      View Details
    • $2,850,000
      10,180 SF

      Office/Warehouse Condos in Business Park

      Three connected office/warehouse condos with flexible layout and convenient highway access.
      285 Bel Marin Ky #O, Novato, CA 94949
      View Details
    • Contact for pricing
      30,000 SF

      Industrial Property in Novato, CA

      30,000 square foot industrial property available for sale.
      51 Digital Dr, Novato, CA 94949
      View Details
    • $6,525,000
      Pending

      Novato Multifamily Investment Opportunity

      16-unit apartment building in Novato's Pacheco Villas.
      Clay Ct, Novato, CA 94949
      View Details
    • Contact for pricing
      608 SF

      Novato Office Condominium For Sale

      Ground floor office condominium with medical use approval in Novato.
      1615 Hill Rd, Novato, CA 94947
      View Details
    • Contact for pricing
      8,170 SF

      Novato Office Building For Sale

      Well-maintained, fully leased office building in Novato's Galli Square.
      330 Ignacio Blvd, Novato, CA 94949
      View Details

    FAQs

    What type of property is this?
    Live-work space - Expansive commercial unit with live-work potential, parking, and storage.
    Where is this live-work space located?
    The property is located at 74 Digital Dr, Unit 11 Novato, CA.
    What are key features of this property?
    This property features: - Flexible seller financing options available, including lease, lease-to-own, and owner financing.; - Commercial space suitable for both living and business purposes.; - **Features over 15-foot ceilings, wood beams, and abundant natural light.**
    8973000
    Request Owner's contact information
    74 Digital Dr, Unit 11 Novato, CA 94949
    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.
    74 Digital Dr, Unit 11
    Novato, CA 94949
    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
    74 Digital Dr, Unit 11 Novato, CA 94949
    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

    We can help!
    Listing Contact
    The Johnson Team
    8973000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!