Industrial Flex
For Sale
Contact for pricing
46 Digital Unit 2, Novato, CA 94949
Open warehouse configuration with private offices, mezzanine workspace, roll-up access, and three-phase power.
Property Size2,142 SF
Price / SF$350.14
Days on Market63
Property Features for 46 Digital Unit 2
General Information
Standard status
Active
Size
2,142 SF
Total Parking Spaces
84
Property subtype
Industrial
Zoning
Planned Development
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
1
Power
100 amps
Three-Phase Power
Yes
Building Details
Year Built
1990
Buildings
1
Stories
2
Listing Agency:
HL Commercial Real Estate
Listed By:
Joe Morrison · License #02067309
Source:
Crexi
Added: Aug 7
Changed: Sep 28
Last Checked: Oct 7 at 11:13AM
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
Investment Insights
Based on property information with market context.
This industrial condominium provides 2,142 +/- square feet of flexible commercial space, centered on an open warehouse with 20-foot clear ceiling height. The layout includes two private offices, including a mezzanine office with visibility over the warehouse, along with a grade-level roll-up door and 100-amp, 3-phase power. Built in 1990, the property is zoned Planned Development.
Parking is available at both the front and rear of the project, with room for large trucks and trailers to maneuver. The configuration supports warehouse, light industrial, manufacturing, and contractor uses.
Parking is available at both the front and rear of the project, with room for large trucks and trailers to maneuver. The configuration supports warehouse, light industrial, manufacturing, and contractor uses.
Key Highlights
- 2,142 +/- square feet of industrial condominium space
- 20‑foot clear ceiling height in the open warehouse
- Two private offices, including one mezzanine office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,685
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,700
$653.7K
Cap Rate 7%
$466,929
$466.9K
Cap Rate 9%
$363,167
$363.2K
Market Conditions
NOI Build-Up for 2,142 SF
Gross rent
$41.1K $19.20/SF
− Vacancy
−$2.7K −$1.25/SF
EGI
$38.5K $17.95/SF
− OpEx
−$5.8K −$2.69/SF
NOI
$32.7K $15.26/SF
Area
Marin County, CA
Vacancy
6.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,700
Cap Rate 7%
$466,929
Cap Rate 9%
$363,167
Alternative Uses
Best Use
Warehouse
$466.9K
$408.6K – $544.8K
NOI $32,685 @ 7.0% cap · market cap 4.36%
Second Best
Flex RnD
$429.6K
$375.9K – $501.2K
NOI $30,074 @ 7.0% cap · market cap 4.01%
Theoretical Best
Specialty Retail
$10.46M
$9.15M – $12.21M
NOI $732,395 @ 7.0% cap · market cap 97.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Open warehouse configuration with private offices, mezzanine workspace, roll-up access, and three-phase power.
Where is this flex space located?
The property is located at 46 Digital Unit 2 Novato, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,142 +/- square feet of industrial condominium space; 20‑foot clear ceiling height in the open warehouse; Two private offices, including one mezzanine office
