Mixed-Use Building with Retail
For Sale
$1,895,000
30 Miller Avenue, Mill Valley, CA 94941
Mill Valley, CA
Property Size3,431 SF
Price / SF$552.32
Days on Market9
Property Features for 30 Miller Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Standard status
Active
Size
3,431 SF
Amenities
rooftop solar
mini-split HVAC systems
Building Details
Year built
1928
Listing Agency:
Engel & Volkers San Francisco Union Street · Engel & Völkers
(415) 689-8592
Listed By:
Michael B Johnston
(415) 794-6453
Added: Sep 29
Changed: Sep 30
Last Checked: Oct 7 at 10:06PM
MLS# 326082976
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,431-square-foot mixed-use building, constructed in 1928, combines a retail storefront on Miller Avenue with four private office suites behind it. Rooftop solar, seven newer mini-split HVAC systems, a replacement roof section, and replaced awnings are among its improvements.
The retail space is leased, with approximately three years remaining on the current term and a five-year renewal option. The property is in downtown Mill Valley, in Marin County.
The retail space is leased, with approximately three years remaining on the current term and a five-year renewal option. The property is in downtown Mill Valley, in Marin County.
Key Highlights
- 3,431‑square‑foot mixed‑use building constructed in 1928
- Miller Avenue retail storefront with four private office suites
- Retail tenancy has approximately three years remaining, plus a five‑year renewal option
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A street-facing retail tenancy is paired with four private office suites at the rear.
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 mixed‑use building constructed in 1928; Miller Avenue retail storefront with four private office suites; Retail tenancy has approximately three years remaining, plus a five‑year renewal option
