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    110 Tiburon Blvd Mill Valley, CA 94941

    Sponsored
    For Sale
    $999,000

    Established music business, prime location.

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This thriving musical instrument retail business, established in 1976, is located in Mill Valley, CA at 110 Tiburon Blvd, 94941. The 4,000 square foot space boasts a well-designed showroom, lesson rooms, storage, and a repair workshop. The business enjoys a strong reputation built over 46 years, serving a loyal customer base of musicians, educators, and community organizations. It offers a diverse product portfolio including guitars, keyboards, drums, brass, woodwind instruments, accessories, sheet music, and more, complemented by expert repair and lesson services. The business generated $1,852,906 in gross receipts in 2023. A comprehensive inventory valued at over $1,000,000 is included in the sale, along with fixtures, equipment, customer database, branding, and goodwill (total assets valued at over $2,000,000). The current lease is NNN, with a remaining term of approximately 5.4 years (expiring April 30, 2030), and a monthly rate of $11,255. Significant growth opportunities exist through e-commerce expansion, targeted marketing, product diversification, and expanded educational programs. The seller is offering transition support and is motivated to sell due to retirement. Financial statements are available upon signing a non-disclosure agreement. Asking price: $999,000.

    Property Features for 110 Tiburon Blvd

    General Information

    Property type
    Investment properties
    Square Feet
    4,000 SF

    HighLights

    • Established in 1976, this Mill Valley, CA musical instrument retail business boasts a strong reputation and loyal clientele.
    • Located at 110 Tiburon Blvd, 94941, the 4,000 sq ft space includes showroom, lesson rooms, storage, and a repair workshop.
    • 2023 gross receipts totaled $1,852,906; inventory valued at over $1,000,000 is included in the sale, along with fixtures, equipment, and goodwill (total assets over $2,000,000).
    • NNN lease with approx. 5.4 years remaining (expires April 30, 2030), $11,255 monthly rent.
    • Asking price: $999,000; seller offering transition support and motivated to sell due to retirement.
    Property Profile Location Intelligence

    Current Use by Public Records

    Benefit Matrix Health Insurance Agency RE/MAX Gold: Bill ... Real Estate Agency BIC Construction Construction Company Stable Garage Doors ... Garage Door Supplier Re/Max Gold Real Estate Agency

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mill Valley
    County
    Marin
    State
    California
    Longitude
    -122.510997
    Latitude
    37.901687

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    FAQs

    What type of property is this?
    Investment property - Established music business, prime location.
    Where is this investment property located?
    The property is located at 110 Tiburon Blvd Mill Valley, CA.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: Established in 1976, this Mill Valley, CA musical instrument retail business boasts a strong reputation and loyal clientele.; Located at 110 Tiburon Blvd, 94941, the 4,000 sq ft space includes showroom, lesson rooms, storage, and a repair workshop.; 2023 gross receipts totaled $1,852,906; inventory valued at over $1,000,000 is included in the sale, along with fixtures, equipment, and goodwill (total assets over $2,000,000).
    (888) 515-9283
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    110 Tiburon Blvd Mill Valley, CA 94941
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    Mill Valley, CA 94941
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    110 Tiburon Blvd Mill Valley, CA 94941
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