2 Madrone Ave Novato, CA 94945
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.