Office/Warehouse Condo with Solar
285 Bel Marin Keys Boulevard Unit O P Q Novato, CA 94949
For Sale
$2,850,000
Connected office/warehouse condos offer 3 roll-up doors, 18' ceilings, solar power, and a recently replaced roof.
Property Size10,180 SF
Price / SF$279.96
Days on Market331
Property Features for 285 Bel Marin Keys Boulevard Unit O P Q
General Information
- Standard status
- Active
- Size
- 10,180 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1998
Listing Agency:
Coldwell Banker Realty
(415) 308-4616
Listed By:
Steve Ragghianti · License #01343409
(415) 308-4616
Source:
Compass
Added: Aug 27, 2025
Changed: Jul 23
Last Checked: Jul 23 at 5:36AM
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.
A professionally managed 17-unit business park presents a connected office/warehouse condo configuration comprising three units (#O, #P, and #Q). Units O, P, and Q are currently all connected, allowing for a unified functional space, and the flexibility to make a standalone use of Condo O. The space is improved with three roll-up doors and 18' ceilings, and features solar power along with a recently new roof.
Convenient access to Hwy 101 supports a practical location for an owner-user or investment plan within the business park setting.
This offering is structured as a condo arrangement within the 17-unit park, with the connected configuration creating one operational layout across units O, P, and Q.
Convenient access to Hwy 101 supports a practical location for an owner-user or investment plan within the business park setting.
This offering is structured as a condo arrangement within the 17-unit park, with the connected configuration creating one operational layout across units O, P, and Q.
Key Highlights
- Connected office/warehouse condos in a professionally managed 17‑unit business park (Units O, P & Q)
- Three‑unit combination with sizes: 3,340 SF (O), 3,690 SF (P), and 3,150 SF (Q)
- Includes 3 roll‑up doors and 18' ceilings across the office/warehouse space
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 | $367.7k | $36.12 |
| − Vacancy | −$93.4k | −$9.17 |
| EGI | $274.3k | $26.95 |
| − OpEx | −$68.6k | −$6.74 |
| NOI | $205.7k | $20.21 |
10,180 SF · lease $36.12/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.94M
$2.57M – $3.43M
NOI $205,729 @ 7.0% cap · market cap 7.22%
Second Best
Warehouse
$2.22M
$1.94M – $2.59M
NOI $155,339 @ 7.0% cap · market cap 5.45%
Theoretical Best
Specialty Retail
$49.73M
$43.51M – $58.01M
NOI $3,480,758 @ 7.0% cap · market cap 122.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
SISU Motorsports
Auto Parts Store
Best Collateral Training ...
Training Center
Automatic Garage Door ...
Building Supply
KBS Global Logistics ...
Logistics Company
Similar Off Market Nearby
- Ray's Catering — 118 Hamilton Dr A, Novato, CA 94949
- Avi-ously Delicious Catering — 41 Hamilton Dr G, Novato, CA 94949
- Forks & Fingers Catering and take out — 372 Bel Marin Keys Blvd ste a, Novato, CA 94949
FAQs
What type of property is this?
Flex space - Connected office/warehouse condos offer 3 roll-up doors, 18' ceilings, solar power, and a recently replaced roof.
Where is this flex space located?
The property is located at 285 Bel Marin Keys Boulevard Unit O P Q Novato, CA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Connected office/warehouse condos in a professionally managed 17‑unit business park (Units O, P & Q); Three‑unit combination with sizes: 3,340 SF (O), 3,690 SF (P), and 3,150 SF (Q); Includes 3 roll‑up doors and 18' ceilings across the office/warehouse space
