Multi-Suite Office
890 Lamont Avenue Novato, CA 94945
890 Lamont Avenue, Novato, CA, 94945
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For Sale
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Multi-suite office building built in 1985, arranged across two floors with four suites and recent HVAC, roof, and paint upgrades.
Property Size4,665 SF
Price / SF$257.23
Days on Market96
Property Features for 890 Lamont Avenue
General Information
- Standard status
- Active
- Size
- 4,665 SF
- Property subtype
- Office
Building Details
- Year Built
- 1985
Listing agency
Keegan & Coppin Co., Inc.
Listed by
Demi Basiliades · License #CA 02080190
Source
Crexi
Added: Apr 17 Updated: Jul 20 at 7:11PM Checked: Jul 21 at 5:28AM
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 Keegan & Coppin Co., Inc.
Investment Insights
Based on property information with market context.
890 Lamont Avenue is a multi-suite office property built in 1985 and arranged across two floors. The building totals approximately 4,665 square feet and is configured with four separate suites, creating flexibility for an owner-user or an investor looking to lease multiple spaces. Ownership has maintained the property, and recent upgrades include HVAC, roof, and paint.
The property is located in Novato with convenient access to Highway 101, and it is surrounded by nearby shopping centers, restaurants, and daily services. The building is also within an office association where monthly dues of $414 cover landscaping, insurance, and common area maintenance.
Existing month-to-month tenants would like to remain, and the seller is also willing to lease back a portion of the property to create additional income and flexibility for a new owner.
The property is located in Novato with convenient access to Highway 101, and it is surrounded by nearby shopping centers, restaurants, and daily services. The building is also within an office association where monthly dues of $414 cover landscaping, insurance, and common area maintenance.
Existing month-to-month tenants would like to remain, and the seller is also willing to lease back a portion of the property to create additional income and flexibility for a new owner.
Key Highlights
- Multi‑suite office building built in 1985 totaling approx. 4,665 SF across two floors with four separate suites.
- Recent upgrades include HVAC, roof, and paint, with ownership maintenance noted.
- Flexible setup for owner‑user use: occupy part of the building while collecting income from the remaining space.
Local 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 | $168.5k | $36.12 |
| − Vacancy | −$42.8k | −$9.17 |
| EGI | $125.7k | $26.95 |
| − OpEx | −$31.4k | −$6.74 |
| NOI | $94.3k | $20.21 |
4,665 SF · lease $36.12/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.35M
$1.18M – $1.57M
NOI $94,276 @ 7.0% cap · market cap 7.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$22.79M
$19.94M – $26.58M
NOI $1,595,063 @ 7.0% cap · market cap 132.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ackeret Sheron LLP
Law Firm
Bay Docs, Inc.
Loan Service
Gale, Sutow & Associates
Law Firm
DZ Consulting Solutions
Business Management Consultant
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FAQs
What type of property is this?
Office units - Multi-suite office building built in 1985, arranged across two floors with four suites and recent HVAC, roof, and paint upgrades.
Where is this office units located?
The property is located at 890 Lamont Avenue Novato, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Multi‑suite office building built in 1985 totaling approx. 4,665 SF across two floors with four separate suites.; Recent upgrades include HVAC, roof, and paint, with ownership maintenance noted.; Flexible setup for owner‑user use: occupy part of the building while collecting income from the remaining space.
