Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    295 Miller Ave Mill Valley, CA 94941

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,350,000

    Three-unit medical building in prime Mill Valley location for sale.

    Property size:
    2,480 SF
    Lot size:
    0.16 Acres

    Property Features for 295 Miller Ave

    General Information

    Standard status
    Active
    Size
    2,480 SF
    Lot size
    0.16 Acres

    Building Details

    Year built
    1955

    We can help!

    Listing Contact
    Roberto Felici
    Source: Corcoran

    Listing Agency: TOWN & COUNTRY REAL ESTATE Listing Agent: Roberto Felici

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Mill Valley Medical Office Building

    This professional three-unit building, situated in a prime Mill Valley location, has historically operated as a dental building since its construction. The one-story building features two vacant units, presenting an opportunity to establish or relocate a medical or dental practice. Unit A, located street side, offers 695 square feet of space with a kitchen and bath. Unit B comprises 871 square feet and includes three operatories, a reception area, a waiting room, a lab, two bathrooms, and an office. Unit C, currently operating as a natural healing practice, provides 930 square feet with four healing rooms, an office, a bathroom, a reception area, a waiting room, and a back office. The building offers dedicated parking in both the front and rear. The total property size is 2480 square feet.
    Location Intelligence

    Current Use by Public Records

    Metabolic Nutrition Physician Dergosits Edward N ... Dental Office Mill Valley Acupuncture ... Medical Clinic Kutchins Stuart Alternative Medicine Practice Luminate Mill Valley Medical Clinic

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Sams Clinic Veterinary, Mill Valley Pet Clinic, Willis Marianne DVM, Aggie Animal Dental Center, Klopp Lisa S DVM

    Location Insight

    • Map
    • Local Demand
    City
    Mill Valley
    County
    Marin
    State
    California
    Longitude
    -122.5391069
    Latitude
    37.8997531

    Nearby Similar for Sale

    • $2,050,000
      3,431 SF

      Mill Valley Retail/Office Investment

      Premier Mill Valley retail and office building for sale.
      30 Miller Ave, Mill Valley, CA 94941
      View Details
    • $2,800,000
      5,760 SF

      Mixed-Use Property in Downtown Mill

      Rare Mill Valley mixed-use property with income and upside potential.
      158-160 E Blithedale Ave, Mill Valley, CA 94941
      View Details
    • $2,500,000
      3,840 SF

      Renovated Office Building with Views

      Two-story office building with recent renovations and abundant natural light.
      1058 Redwood Hwy Frontage Rd, Mill Valley, CA 94941
      View Details
    • $2,895,000

      Retail Building in Mill Valley

      Retail building in the heart of Mill Valley's retail district.
      32 Miller Ave, Mill Valley, CA 94941
      View Details
    • Contact for pricing
      6,000 SF

      Mill Valley Office Building

      6,000 SF Class C office building available for sale.
      150 Shoreline Hwy, Mill Valley, CA 94941
      View Details
    • Contact for pricing
      2,180 SF

      Premier Office Suites in Mill Valley

      Tranquil office suites with potential for mixed-use conversion.
      10 Millwood St, Mill Valley, CA 94941
      View Details
    • $4,900,000

      Mt. Tamalpais Hospitality Investment Opportunity

      Unique 7,750 SF hotel with panoramic views on Mt. Tamalpais.
      810 Panoramic Hwy, Mill Valley, CA 94941
      View Details
    • $5,500,000
      3,700 SF

      Tam Valley Retail Automotive Opportunity

      Two-unit retail building with automotive repair business for sale.
      242 Shoreline Hwy, Mill Valley, CA 94941
      View Details
    • $2,050,000
      3,431 SF

      Downtown Mill Valley Retail/Office Investment

      Premier Mill Valley retail/office building with strong tenant demand.
      30 Miller Ave, Mill Valley, CA 94941
      View Details
    • $1,350,000

      Mill Valley Redevelopment Opportunity

      2,480 SF office building suitable for multifamily conversion.
      295 Miller Ave, Mill Valley, CA 94941
      View Details
    • $1,747,000

      Remodeled Houseboat Approved for Rentals

      Four-unit houseboat with high occupancy and income potential.
      11 Commodore Marina Loop, Mill Valley, CA 94941
      View Details
    • $999,000
      4,000 SF

      Mill Valley Music Store Sale

      Established music business, prime location.
      110 Tiburon Blvd, Mill Valley, CA 94941
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Three-unit medical building in prime Mill Valley location for sale.
    Where is this medical office space located?
    The property is located at 295 Miller Ave Mill Valley, CA.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - Prime Mill Valley location with dedicated parking.; - Three-unit building, offering diverse usage possibilities (medical, dental, natural healing, etc.).; - Unit B (871 sq ft) is equipped as a dental office with operatories, reception, waiting room, lab, and multiple bathrooms.
    3319191
    Request Owner's contact information
    295 Miller Ave Mill Valley, CA 94941
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    295 Miller Ave
    Mill Valley, CA 94941
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    295 Miller Ave Mill Valley, CA 94941
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Roberto Felici
    3319191
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!