Two-Unit Flex Space with
42 Digital Drive Unit 13/14, Novato, CA 94949
For Sale
Contact for pricing
Two separately parceled units combine office buildouts with warehouse areas and can be opened into one space.
Property Size6,703 SF
Price / SF$325.08
Days on Market36
Property Features for 42 Digital Drive Unit 13/14
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Utilities to Site
Warehouse & Industrial
Clear Height
Sprinkler System
Listing Agency:
HL Commercial Real Estate
Listed By:
Bob Knez · License #00640535
Source:
Crexi
Added: Oct 5
Changed: Nov 8
Last Checked: Nov 8 at 6:12PM
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 HL Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property consists of two condominium units totaling approximately 6,703 square feet, each with a front office, private restroom, rear warehouse, and second-floor mezzanine. The warehouse areas have 20-foot clear heights, fire sprinklers, and 14-foot-clear roll-up doors. A non-load-bearing wood partition separates the spaces and can be removed to form one larger warehouse. Unit 14 is an end unit with a recently installed metal staircase to its mezzanine; its restroom is within its own parcel, while Unit 13’s restroom falls within Unit 14’s parcel boundary.
Each unit has separate electric and gas meters, although Unit 14 is not plumbed for gas. The property is at 42 Digital Drive in Novato, with access to Highway 101. The units have separate parcel numbers and may be occupied together or independently.
Each unit has separate electric and gas meters, although Unit 14 is not plumbed for gas. The property is at 42 Digital Drive in Novato, with access to Highway 101. The units have separate parcel numbers and may be occupied together or independently.
Key Highlights
- Two condominium units total approximately 6,703 square feet
- Each unit has a front office, warehouse, private restroom, and second‑floor mezzanine
- Warehouse areas feature 20‑foot clear heights, fire sprinklers, and 14‑foot‑clear roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,235
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,604,700
$1.6M
Cap Rate 7%
$1,146,214
$1.1M
Cap Rate 9%
$891,500
$891.5K
Market Conditions
NOI Build-Up for 6,703 SF
Gross rent
$120.7K $18.00/SF
− Vacancy
−$6.0K −$0.90/SF
EGI
$114.6K $17.10/SF
− OpEx
−$34.4K −$5.13/SF
NOI
$80.2K $11.97/SF
Area
Marin County, CA
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,604,700
Cap Rate 7%
$1,146,214
Cap Rate 9%
$891,500
Alternative Uses
Best Use
Industrial
$1.15M
$1.00M – $1.34M
NOI $80,235 @ 7.0% cap · market cap 3.68%
Second Best
Warehouse
$1.08M
$941.9K – $1.26M
NOI $75,354 @ 7.0% cap · market cap 3.46%
Theoretical Best
Multifamily LT 5
$3.21M
$2.81M – $3.75M
NOI $224,987 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
20 ft
Clear height
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,355
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 94949, CA
17,588
Population
7,541
Households
2.3
Avg Household Size
46
Median Age
48%
College-Educated
93%
High-School Grad
13.4 sq mi
ZIP Area
1,313
Density / Sq Mi
$116,101
Median Household Income
$60,149
Median Earnings
$2,596
Median Rent
$1,075,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Two separately parceled units combine office buildouts with warehouse areas and can be opened into one space.
Where is this flex space located?
The property is located at 42 Digital Drive Unit 13/14 Novato, CA.
What is the asking price?
The asking price for this property is $2,179,000.
What are key features of this property?
This property features: Two condominium units total approximately 6,703 square feet; Each unit has a front office, warehouse, private restroom, and second‑floor mezzanine; Warehouse areas feature 20‑foot clear heights, fire sprinklers, and 14‑foot‑clear roll‑up doors
