Live-Work Creative Office
74 Digital Drive Unit 11 Novato, CA 94949
For Sale
$359,000
Expansive creative live-work unit with 15+ foot ceilings, natural light, and built-in kitchen and laundry.
Property Size1,625 SF
Price / SF$220.92
Days on Market476
Property Features for 74 Digital Drive Unit 11
General Information
- Standard status
- Active
- Size
- 1,625 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1985
Listing Agency:
Coldwell Banker Realty
(415) 722-5778
Listed By:
The Johnson Team · License #00985355
(415) 722-5778
Source:
Compass
Added: Apr 7, 2025
Changed: Jul 10
Last Checked: Jul 26 at 2:59AM
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
Investment Insights
Based on property information with market context.
This live-work creative office unit is designed for flexible work and comfortable daily use. The space features over 15-foot ceilings, wood beams, and abundant natural light, with an open layout that supports multiple workstations or larger collaborative areas. Interior amenities include a full kitchen, washer and dryer, plus a bedroom and a bathroom, making it well suited for tenants who want the convenience of combining work and private living space.
The unit also includes a dedicated parking or storage area beneath the building measuring 500 square feet. HOA is $599 per quarter and includes water, garbage, roof, alarm, exterior paint, and parking lot maintenance, supporting a more hands-off ownership and operating experience.
For a business looking for a distinctive environment to meet with clients, host small gatherings, or run day-to-day operations, the layout provides room to adapt across different work styles. The seller has indicated willingness to structure a lease as well as offer owner financing with specified down payment, interest rate, and term options, and a lease-option structure that applies portions of monthly payments toward a future purchase.
The unit also includes a dedicated parking or storage area beneath the building measuring 500 square feet. HOA is $599 per quarter and includes water, garbage, roof, alarm, exterior paint, and parking lot maintenance, supporting a more hands-off ownership and operating experience.
For a business looking for a distinctive environment to meet with clients, host small gatherings, or run day-to-day operations, the layout provides room to adapt across different work styles. The seller has indicated willingness to structure a lease as well as offer owner financing with specified down payment, interest rate, and term options, and a lease-option structure that applies portions of monthly payments toward a future purchase.
Key Highlights
- Expansive live‑work unit with over 15‑foot ceilings, wood beams, and lots of natural light
- Includes full kitchen plus washer and dryer
- One bedroom and one bathroom with an open layout and multiple workspaces
Financial Insights For Mixed Use
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 | $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
NOI $32,906 @ 7.0% cap · market cap 9.17%
Second Best
Office B
$469.1K
$410.5K – $547.3K
NOI $32,840 @ 7.0% cap · market cap 9.15%
Theoretical Best
Specialty Retail
$7.94M
$6.95M – $9.26M
NOI $555,622 @ 7.0% cap · market cap 154.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cerrudo Services
Construction Company
JEMgraphics Media Center
Commercial Photographer
Marin Art School
Vocational School
Dorallen Davis
Artist
Maloney Construction, Inc.
Charitable Organization
FAQs
What type of property is this?
Live-work space - Expansive creative live-work unit with 15+ foot ceilings, natural light, and built-in kitchen and laundry.
Where is this live-work space located?
The property is located at 74 Digital Drive Unit 11 Novato, CA.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Expansive live‑work unit with over 15‑foot ceilings, wood beams, and lots of natural light; Includes full kitchen plus washer and dryer; One bedroom and one bathroom with an open layout and multiple workspaces
