1615 Hill Rd, Novato, CA 94947
Office space available in Novato, California.
- Added:
- Aug 31, 2024
- Days on Market:
- 653
- Last Refresh:
- May 12 at 9:51 pm
Property Features for 1615 Hill Rd
General Information
- Standard status
- Active
- Size
- 1,135 SF
- Property subtype
- Office
Listing agent Steven Leonard License #CA 00909604
Listing office Cushman & Wakefield - San Francisco, California
Listing date Aug 31, 2024
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 Cushman & Wakefield - San Francisco, California
HighLights
- Owner user opportunity
- Seller financing available
Overview
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 | $41.0k | $36.12 |
| − Vacancy | −$10.4k | −$9.17 |
| EGI | $30.6k | $26.95 |
| − OpEx | −$7.6k | −$6.74 |
| NOI | $22.9k | $20.21 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Novato
- County
- Marin
- State
- California
- Longitude
- -122.5789613
- Latitude
- 38.0973679
