Light Industrial/Flex Condo For
14 Commercial Blvd, Novato, CA 94949
2,187 SF light industrial/flex condo divided into two units.
Type:Industrial, Office
Property size:
2,187 SFPrice / SF:
$308/SF- Added:
- Oct 6, 2025
- Days on Market:
- 223
- Last Refresh:
- Mar 19 at 9:04 pm
Property Features for 14 Commercial Blvd
General Information
- Standard status
- Active
- Size
- 2,187 SF
- Property subtype
- Industrial, Office
Listing agent Nathan Ballard License #CA 01743417
Listing office Keegan & Coppin Co Larkspur
Listing date Oct 6, 2025
Source Crexi
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 Keegan & Coppin Co Larkspur
HighLights
- Two units offer flexible use: occupy one, lease the other, or modify space allocation.
- Each unit has its own private restroom, kitchenette, and dedicated 100‑amp 3‑phase electrical service with separate meters.
- Secure, gated parking and a strong HOA provide added security and property management.
- 2,187 total square feet of light industrial/flex space allows for a variety of business operations.
- 12 to 14 foot ceilings throughout provide ample vertical space.
- Unit 125 (1,467 sq ft) is currently rented on a month‑to‑month basis, providing immediate income potential.
Overview
This well-maintained 2,187 square foot Light Industrial/Flex condo is divided into two units. Unit 125 is a 1,467 square foot office/warehouse rented on a month-to-month basis, featuring an office in the front and a warehouse with a roll-up door at the rear. Unit 123 is a 720 square foot office. Both units have their own private restroom and a kitchenette. Each unit is served by its own dedicated 100-amp 3-phase electrical service with separate meters. The building has 12 to 14 foot ceilings throughout. The flexible nature of this building allows a prospective purchaser to increase the amount of warehouse space by downsizing the office or utilize it as is and lease one side while occupying the other. The property includes gated and secure parking and a strong HOA, accommodating a variety of different uses.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$491.1K
NOI $44,197 @ 9.00% cap · cautious / downside scenario
Moderate
$631.4K
NOI $44,197 @ 7.00% cap · market / base-case scenario
Aggressive
$883.9K
NOI $44,197 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.0k | $36.12 |
| − Vacancy | −$20.1k | −$9.17 |
| EGI | $58.9k | $26.95 |
| − OpEx | −$14.7k | −$6.74 |
| NOI | $44.2k | $20.21 |
2,187 SF · lease $36.12/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$631.4K
$552.5K – $736.6K
NOI $44,197 @ 7.0% cap · market cap 6.55%
Second Best
Warehouse
$476.7K
$417.2K – $556.2K
NOI $33,372 @ 7.0% cap · market cap 4.94%
Theoretical Best
Specialty Retail
$10.68M
$9.35M – $12.46M
NOI $747,782 @ 7.0% cap · market cap 110.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
BEI Electrical Services
General Contractor
Strawberry Hill Music
Music Venue
Kreativz
Advertising Agency
Community Healing Center
Psychotherapist
International Association of Sufism
Charitable Organization
Similar Places Nearby
- The Key Room — 1385 Hamilton Pkwy, Novato, CA 94949
- Ray's Catering — 118 Hamilton Dr A, Novato, CA 94949
- Avi-ously Delicious Catering — 41 Hamilton Dr G, Novato, CA 94949
- SO DELICIOUS CATERING — 1385 N, 1385 Hamilton Pkwy, Novato, CA 94949
- Forks & Fingers Catering and take out — 372 Bel Marin Keys Blvd ste a, Novato, CA 94949
Location Insight
- Map
- Local Demand
- City
- Novato
- County
- Marin
- State
- California
- Longitude
- -122.5315839
- Latitude
- 38.0678648
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - 2,187 SF light industrial/flex condo divided into two units.
Where is this flex space located?
The property is located at 14 Commercial Blvd Novato, CA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two units offer flexible use: occupy one, lease the other, or modify space allocation.; Each unit has its own private restroom, kitchenette, and dedicated 100‑amp 3‑phase electrical service with separate meters.; Secure, gated parking and a strong HOA provide added security and property management.
