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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1129 Magnolia Ave Larkspur, CA 94939

    • Retail properties
    • 1,200 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 1129 Magnolia Ave

    Property size
    1,200 SF
    Property type
    Retail properties

    Description

    This exceptional 1,200 square foot retail space at 1129 Magnolia Avenue in Larkspur, California, presents a unique opportunity for a discerning business owner. Located in Marin County (zip code 94939), this single-tenant building boasts a prime location within the vibrant North Magnolia area. Previously utilized as a fitness studio, and historically as office space and a church, the property offers versatile adaptability for a variety of retail concepts. The building's charming character blends seamlessly with the surrounding area, which is known for its diverse mix of established businesses and trendy boutiques. This ensures high visibility and foot traffic, creating an ideal environment for attracting customers. The property's convenient location within Larkspur provides easy access to a wealth of shopping, dining, and community amenities, fostering a welcoming atmosphere for both businesses and their clientele. The 1,200 square feet of entirely vacant space provides ample room for customization and design to perfectly suit your business needs. This is an unparalleled chance to establish a thriving retail presence in the heart of Larkspur's dynamic retail scene. The property is situated at 37.9474948 latitude and -122.5478001 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Larkspur
    County
    Marin
    State
    California
    Longitude
    -122.548
    Latitude
    37.9475

    Comparable in this City

    • Value Estimation
      $19,730,000
      82,206 SF

      1100 Larkspur Lndg Cir

      COMMERCIAL (GENERAL) • 82,206 SF
      1100 Larkspur Lndg Cir, Larkspur, CA 94939-1827
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    • Value Estimation
      $1,010,000
      4,859 SF

      320 Magnolia Ave

      COMMERCIAL (GENERAL) • 4,859 SF
      320 Magnolia Ave, Larkspur, CA 94939-2033
      View Details
    • Value Estimation
      $835,000
      2,968 SF

      494 Magnolia Ave

      COMMERCIAL (GENERAL) • 2,968 SF
      494 Magnolia Ave, Larkspur, CA 94939-2057
      View Details
    • Value Estimation
      $21,080,000
      81,894 SF

      60 Sir Francis Drake Blvd

      COMMERCIAL (GENERAL) • 81,894 SF
      60 Sir Francis Drake Blvd, Larkspur, CA 94939-1716
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    • Value Estimation
      $13,000,000
      50,559 SF

      1 Larkspur Plz Dr

      COMMERCIAL (GENERAL) • 50,559 SF
      1 Larkspur Plz Dr, Larkspur, CA 94939-1471
      View Details
    • Value Estimation
      $945,000
      5,977 SF

      975 Magnolia Ave

      COMMERCIAL (GENERAL) • 5,977 SF
      975 Magnolia Ave, Larkspur, CA 94939-1013
      View Details

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    Similar Nearby for Lease

    • $3 SF/Yr

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    • Contact for pricing
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    Larkspur, CA 94939
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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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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