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Property profile & analytics
OFF-MARKET
Land

2 Madrone Ave Novato, CA 94945

2.68 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.68-acre parcel presents a prime development opportunity in Novato, California. Strategically located along Highway 101, this highly visible land boasts an R5-7.5 zoning designation, permitting medium-density residential development. Comprising two parcels (APN: 153-022-31 & 153-053-13), the property offers significant potential for multi-family housing. Its convenient proximity to the Downtown Novato SMART train station provides easy access to the Sonoma-Marin Area Rail Transit system, connecting residents to the broader Bay Area. The property's location along Highway 101 ensures high visibility and accessibility. The possibility of acquiring an adjacent 0.40-acre developable parcel adds to the overall appeal and potential of this exceptional investment. This is a rare opportunity to acquire a substantial land holding in a thriving Marin County location with excellent transportation links and development potential. Detailed zoning information and development guidelines are available upon request. The property's address is 2 Madrone Avenue, Novato, CA 94945.

Property profile
Verified
Property type Land
Lot 2.68 ac (116,741 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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