Street-Level Office
For Sale
$245,000
85 Galli Dr, Novato, CA 94949
A removable glass partition allows one open room or two distinct work areas.
Property Size565 SF
Days on Market8
Property Features for 85 Galli Dr
General Information
Standard status
Active
Size
565 SF
Property subtype
Industrial
Building Details
Building Size
565 SF
Listing Agency:
COMPASS
Listed By:
Henry Hautau
3457640
Source:
Elliman
Added: Sep 30
Changed: Oct 2
Last Checked: Oct 7 at 1:37PM
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 COMPASS
Investment Insights
Based on property information with market context.
At 85 Galli Dr in Novato, this ground-floor office unit has a north-facing orientation and substantial window frontage. Inside, a glass sliding partition separates the space into two rooms; removing it opens the layout into one continuous area. A private half-bath is also included.
The property has a Walk Score of 72, a Bike Score of 67, and a Transit Score of 35.
The property has a Walk Score of 72, a Bike Score of 67, and a Transit Score of 35.
Key Highlights
- Ground‑floor office unit with north‑facing window frontage
- Removable glass slider creates two rooms or a unified open layout
- Private half‑bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,418
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,360
$228.4K
Cap Rate 7%
$163,114
$163.1K
Cap Rate 9%
$126,867
$126.9K
Market Conditions
NOI Build-Up for 565 SF
Gross rent
$20.4K $36.12/SF
− Vacancy
−$5.2K −$9.17/SF
EGI
$15.2K $26.95/SF
− OpEx
−$3.8K −$6.74/SF
NOI
$11.4K $20.21/SF
Area
Marin County, CA
Vacancy
25.40%
Lease Rate
$36.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,360
Cap Rate 7%
$163,114
Cap Rate 9%
$126,867
Alternative Uses
Best Use
Office B
$163.1K
$142.7K – $190.3K
NOI $11,418 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.76M
$2.41M – $3.22M
NOI $193,186 @ 7.0% cap · market cap 78.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,317
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - A removable glass partition allows one open room or two distinct work areas.
Where is this office units located?
The property is located at 85 Galli Dr Novato, CA.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Ground‑floor office unit with north‑facing window frontage; Removable glass slider creates two rooms or a unified open layout; Private half‑bath
