Medical Office and Dental
7428 Redwood Blvd Novato, CA 94945
For Sale
Contact for pricing
Upgraded multi-tenant office building with a dental suite, urgent care space, and second-floor offices.
Property Size12,205 SF
Price / SF$344.12
Days on Market1155
Property Features for 7428 Redwood Blvd
General Information
Standard status
Active
Size
12,205 SF
Property subtype
OFFICE
Listing Agency:
Meridian Commercial
(415) 328-3499
Listed By:
Nick Egide · License #01859524
(415) 328-3499
Source:
Moodyscre
Added: Jun 2, 2023
Changed: Jul 25
Last Checked: Jul 29 at 3:30PM
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 Meridian Commercial
Investment Insights
Based on property information with market context.
7428 Redwood Boulevard is a multi-tenant office building that has undergone significant upgrades over the last five years. The property includes a high-end dental suite, an urgent care office, and second-floor office spaces.
The building is offered for sale in Novato, California. Public remarks indicate staggered lease expiration dates.
This configuration provides a mix of office and medical-related uses under one roof, supported by recent improvements and differentiated lease timing.
The building is offered for sale in Novato, California. Public remarks indicate staggered lease expiration dates.
This configuration provides a mix of office and medical-related uses under one roof, supported by recent improvements and differentiated lease timing.
Key Highlights
- Upgraded multi‑tenant office building in Novato, CA
- Tenant mix includes a dental suite and an urgent care office
- Includes second‑floor office space
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $440.8k | $36.12 |
| − Vacancy | −$112.0k | −$9.17 |
| EGI | $328.9k | $26.95 |
| − OpEx | −$82.2k | −$6.74 |
| NOI | $246.7k | $20.21 |
12,205 SF · lease $36.12/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.52M
$3.08M – $4.11M
NOI $246,653 @ 7.0% cap · market cap 5.87%
Second Best
Healthcare Medical
$2.99M
$2.61M – $3.48M
NOI $209,057 @ 7.0% cap · market cap 4.98%
Theoretical Best
Specialty Retail
$59.62M
$52.16M – $69.55M
NOI $4,173,149 @ 7.0% cap · market cap 99.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Upgraded multi-tenant office building with a dental suite, urgent care space, and second-floor offices.
Where is this office building located?
The property is located at 7428 Redwood Blvd Novato, CA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Upgraded multi‑tenant office building in Novato, CA; Tenant mix includes a dental suite and an urgent care office; Includes second‑floor office space
