Five-Tenant Medical
New
For Sale
$2,750,000
141 Camino Alto, Mill Valley, CA 94941
Fully occupied with separate patient and staff parking, the property also includes a landscaped courtyard.
Property Size5,280 SF
Lot Size0.42 Acres
Price / SF$520.83
Days on Market5
Property Features for 141 Camino Alto
General Information
Standard status
Active
Size
5,280 SF
Lot size
0.42 Acres
Property subtype
Office
Occupancy
100%
Additional Details
Cap Rate
6.5%
Office Units
5
Amenities
landscaping
outdoor courtyard
Building Details
Building Size
5,280 SF
Year Built
1964
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Morley Fredericks Real Estate Services
Listed By:
Steven M Crane
(415) 806-5455
Source:
Gregglynn
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 9 at 9:36PM
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 Morley Fredericks Real Estate Services
Investment Insights
Based on property information with market context.
This two-story medical office property contains approximately 5,280 square feet across five tenant suites. All five suites received modernization work between 2024 and 2026, with three recently renovated. The site includes a landscaped outdoor courtyard and repaved parking areas designated separately for patients and staff.
The property occupies two parcels along Camino Alto, adjacent to Mill Valley Middle School and the Mill Valley Community Center. Its position provides street exposure and access near established residential neighborhoods.
Built in 1964, the fully leased property has a reported 6.5 capitalization rate and a tenant mix spanning medical, dental, and wellness services.
The property occupies two parcels along Camino Alto, adjacent to Mill Valley Middle School and the Mill Valley Community Center. Its position provides street exposure and access near established residential neighborhoods.
Built in 1964, the fully leased property has a reported 6.5 capitalization rate and a tenant mix spanning medical, dental, and wellness services.
Key Highlights
- Five medical, dental, and wellness tenants; fully leased
- Approximately 5,280 square feet in a two‑story building
- Two parcels totaling 18,085 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,704
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,134,080
$2.1M
Cap Rate 7%
$1,524,343
$1.5M
Cap Rate 9%
$1,185,600
$1.2M
Market Conditions
NOI Build-Up for 5,280 SF
Gross rent
$190.7K $36.12/SF
− Vacancy
−$48.4K −$9.17/SF
EGI
$142.3K $26.95/SF
− OpEx
−$35.6K −$6.74/SF
NOI
$106.7K $20.21/SF
Area
Marin County, CA
Vacancy
25.40%
Lease Rate
$36.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,134,080
Cap Rate 7%
$1,524,343
Cap Rate 9%
$1,185,600
Alternative Uses
Best Use
Office B
$1.52M
$1.33M – $1.78M
NOI $106,704 @ 7.0% cap · market cap 3.88%
Second Best
Healthcare Medical
$1.29M
$1.13M – $1.51M
NOI $90,440 @ 7.0% cap · market cap 3.29%
Theoretical Best
Specialty Retail
$25.79M
$22.57M – $30.09M
NOI $1,805,344 @ 7.0% cap · market cap 65.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,394
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 94941, CA
31,480
Population
13,860
Households
2.3
Avg Household Size
47
Median Age
77%
College-Educated
99%
High-School Grad
37.7 sq mi
ZIP Area
835
Density / Sq Mi
$210,217
Median Household Income
$100,535
Median Earnings
$2,949
Median Rent
$1,990,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully occupied with separate patient and staff parking, the property also includes a landscaped courtyard.
Where is this medical office space located?
The property is located at 141 Camino Alto Mill Valley, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Five medical, dental, and wellness tenants; fully leased; Approximately 5,280 square feet in a two‑story building; Two parcels totaling 18,085 square feet
