Novato Office For
For Sale
Contact for pricing
1615 Hill Rd, Novato, CA 94947
Office space available in Novato, California.
Property Size1,135 SF
Price / SF$295.15
Days on Market699
Property Features for 1615 Hill Rd
General Information
Standard status
Active
Size
1,135 SF
Property subtype
Office
Listing Agency:
Cushman & Wakefield - San Francisco, California
(415) 451-2434
Listed By:
Steven Leonard · License #CA 00909604
Source:
Crexi
Added: Aug 31, 2024
Changed: Jul 10
Last Checked: Jul 28 at 3:23PM
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 Cushman & Wakefield - San Francisco, California
Investment Insights
Based on property information with market context.
This commercial property in Novato, California, offers an owner-user opportunity with potential seller financing. The property provides 1135 square feet of space suitable for office use.
Key Highlights
- Owner user opportunity
- Seller financing available
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 | $41.0k | $36.12 |
| − Vacancy | −$10.4k | −$9.17 |
| EGI | $30.6k | $26.95 |
| − OpEx | −$7.6k | −$6.74 |
| NOI | $22.9k | $20.21 |
1,135 SF · lease $36.12/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$327.7K
$286.7K – $382.3K
NOI $22,937 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.54M
$4.85M – $6.47M
NOI $388,081 @ 7.0% cap · market cap 115.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
Explore this area
Business Placement
Demographics for 94947, CA
24,870
Population
9,426
Households
2.6
Avg Household Size
46
Median Age
47%
College-Educated
89%
High-School Grad
21.9 sq mi
ZIP Area
1,136
Density / Sq Mi
$126,690
Median Household Income
$62,571
Median Earnings
$2,526
Median Rent
$995,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office space available in Novato, California.
Where is this office units located?
The property is located at 1615 Hill Rd Novato, CA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Owner user opportunity; Seller financing available
