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    Novato Office Building For Sale Title is generated by Realmo AI

    1615 Hill Rd, Novato, CA 94945

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    For Sale
    $904,000

    Office building with 3234 square feet available for purchase.

    Type:Office
    Property size:
    3,234 SF
    Price / SF:
    $279/SF
    Added:
    Apr 12, 2026
    Days on Market:
    60
    Last Refresh:
    Apr 12 at 8:39 pm

    Property Features for 1615 Hill Rd

    General Information

    Standard status
    Active
    Size
    3,234 SF
    Property subtype
    Office

    Building Details

    Year Built
    2026

    Properties For Sale

    at 1615 Hill Rd Contact us

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    Listing Contact
    Steven Leonard
    Steven Leonard

    Listing agent Steven Leonard License #00909604

    Listing office Cushman & Wakefield | Larkspur

    Listing date Apr 12, 2026

    Source Cushmanwakefield

    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

    • 3234 square feet of office space available for purchase.
    • New construction, built in 2026.
    • Office building.

    Overview

    This commercial real estate offering features an office building with a total area of 3234 square feet. The property is located in Novato, California.

    Local Financial Insights For Office B

    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 $116.8k $36.12
    − Vacancy −$29.7k −$9.17
    EGI $87.1k $26.95
    − OpEx −$21.8k −$6.74
    NOI $65.4k $20.21
    3,234 SF · lease $36.12/SF/yr · vacancy 25.40% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $933.7K
    $817.0K – $1.09M (±1% cap)
    NOI $65,356 @ 7.0% cap · market cap 7.23%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $15.80M
    $13.82M – $18.43M (±1% cap)
    NOI $1,105,773 @ 7.0% cap · market cap 122.32%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Menasco Matthew DMD Dental Office CB Labs Novato Laboratory Marin Reconstructive Periodontics Dental Office Endoart Dental Office Hickle Dallas H ... Dental Office

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Novato
    County
    Marin
    State
    California
    Longitude
    -122.5789613
    Latitude
    38.0973679

    FAQs

    What type of property is this?
    Office building - Office building with 3234 square feet available for purchase.
    Where is this office building located?
    The property is located at 1615 Hill Rd Novato, CA.
    What is the asking price?
    The asking price for this property is $904,000.
    What are key features of this property?
    This property features: 3234 square feet of office space available for purchase.; New construction, built in 2026.; Office building.
    More about this property
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