Mixed-Use Property with Retail
For Sale
$1,895,000
30 Miller Avenue, Mill Valley, CA 94941
Four rear office suites complement a leased retail space, with rooftop solar and mini-split HVAC systems.
Property Size3,431 SF
Price / SF$552.32
Days on Market30
Property Features for 30 Miller Avenue
General Information
Standard status
Active
Size
3,431 SF
Property subtype
Retail
Site & Location
Road Access
Yes
Mixed-Use Components
retail, office
Additional Details
Office Units
4
Tenant in Place
Yes
Property Use
Retail and Office
Amenities
rooftop solar
seven newer mini-split HVAC systems
new roof section
replaced awnings
Building Details
Building Size
3,431 SF
Year Built
1928
Buildings
1
Listing Agency:
Golden Gate Sotheby's International Realty
Listed By:
Glass Group · License #01489472
(415) 845-2965
Source:
Colmglass
Added: Sep 29
Changed: Oct 26
Last Checked: Oct 26 at 3:53PM
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 Golden Gate Sotheby's International Realty
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Investment Insights
Based on property information with market context.
Built in 1928, this 3,431-square-foot mixed-use building pairs a Miller Avenue retail storefront with four private office suites at the rear. The retail space is leased, with approximately three years remaining on its current term and a five-year renewal option. Building features include rooftop solar, seven mini-split HVAC systems, a replaced roof section and updated awnings.
The property is in downtown Mill Valley, California, with its storefront facing Miller Avenue.
The property is in downtown Mill Valley, California, with its storefront facing Miller Avenue.
Key Highlights
- 3,431‑square‑foot building with a retail storefront and four rear office suites
- Retail tenancy has approximately three years remaining, plus a five‑year renewal option
- Rooftop solar and seven mini‑split HVAC systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,478
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,389,560
$1.4M
Cap Rate 7%
$992,543
$992.5K
Cap Rate 9%
$771,978
$772.0K
Market Conditions
NOI Build-Up for 3,431 SF
Gross rent
$123.5K $36.00/SF
− Vacancy
−$12.4K −$3.60/SF
EGI
$111.2K $32.40/SF
− OpEx
−$41.7K −$12.15/SF
NOI
$69.5K $20.25/SF
Area
Marin County, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,389,560
Cap Rate 7%
$992,543
Cap Rate 9%
$771,978
Alternative Uses
Best Use
Retail
$15.64M
$13.69M – $18.25M
NOI $1,094,923 @ 7.0% cap · market cap 57.78%
Second Best
Mixed Use
$992.5K
$868.5K – $1.16M
NOI $69,478 @ 7.0% cap · market cap 3.67%
Theoretical Best
Specialty Retail
$16.76M
$14.66M – $19.55M
NOI $1,173,132 @ 7.0% cap · market cap 61.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
4
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,521
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citibank
Shops & Services
2,424 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four rear office suites complement a leased retail space, with rooftop solar and mini-split HVAC systems.
Where is this mixed-use property located?
The property is located at 30 Miller Avenue Mill Valley, CA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 3,431‑square‑foot building with a retail storefront and four rear office suites; Retail tenancy has approximately three years remaining, plus a five‑year renewal option; Rooftop solar and seven mini‑split HVAC systems
