Versatile Commercial Live-Work Space

74 Digital #11, Novato, CA 94949

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For Sale

$539,000

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

Type:Commercial

Property size:

1,625 SF

Lot size:

0.04 Acres

Price / SF:

$331/SF

HighLights

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.
Includes a full kitchen, washer/dryer, bedroom, and bathroom.
Open layout with adaptable workspaces for individual or collaborative use.
500 sq. ft. parking/storage area included beneath the unit.

We can help!

Listing Contact

THE JOHNSON TEAM

For Sale

$539,000

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

Type:Commercial

Property size:

1,625 SF

Lot size:

0.04 Acres

Price / SF:

$331/SF

Added:: Apr 7, 2025
Days on Market:: 442
Last Refresh:: Apr 5 at 9:13 pm

Property Features for 74 Digital #11

General Information

Standard status: Active
Size: 1,625 SF
Lot size: 0.04 Acres
Property subtype: Commercial

Building Details

Year Built: 1985

We can help!

Listing Contact

THE JOHNSON TEAM

Listing agent THE JOHNSON TEAM

Listing office COLDWELL BANKER REALTY

Listing date Apr 7, 2025

Source Corcoran

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 COLDWELL BANKER REALTY

HighLights

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.
Includes a full kitchen, washer/dryer, bedroom, and bathroom.
Open layout with adaptable workspaces for individual or collaborative use.
500 sq. ft. parking/storage area included beneath the unit.

Overview

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.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$58.5k	$36.00
− Vacancy	−$5.9k	−$3.60
EGI	$52.7k	$32.40
− OpEx	−$19.7k	−$12.15
NOI	$32.9k	$20.25

1,625 SF · lease $36.00/SF/yr · vacancy 10.00% · expense 37.50%

Alternative Uses

Best Use

Mixed Use

$470.1K

$411.3K – $548.4K (±1% cap)

NOI $32,906 @ 7.0% cap · market cap 6.11%

Second Best

Office B

$469.1K

$410.5K – $547.3K (±1% cap)

NOI $32,840 @ 7.0% cap · market cap 6.09%

Theoretical Best

Specialty Retail

$7.94M

$6.95M – $9.26M (±1% cap)

NOI $555,622 @ 7.0% cap · market cap 103.08%

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

Property Profile Location Intelligence

Current Use by Public Records

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

Suggested Use

Location Insight

Map
Local Demand

City: Novato
County: Marin
State: California
Longitude: -122.53
Latitude: 38.071

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For sale
Live-work space
CA
Novato
94949
74 Digital #11

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 #11 Novato, CA.

What is the asking price?

The asking price for this property is $539,000.

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.**