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Property profile

00 Novato Blvd Novato, CA 94947

OFF-MARKET
Retirement homes
466 ac lot
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Property summary

AI-generated overview

This exceptional 466-acre land portfolio presents a unique opportunity for residential development. Situated in Marin County, California, bordering Novato and adjacent to the established Toll Brothers' Novato Chase subdivision, this property offers 50 usable acres ideal for building. The flat, developable land is ready for construction, boasting convenient access to existing water and public utilities. The property's stunning hillside location provides a scenic backdrop for a high-end residential project. This large-scale development promises significant community impact and potential for long-term value. The existing ownership group has held the land for an extended period. The APN is 125-150-8,-9,-10,-18,-19,-20,-21,-23,-34,-36. The property is zoned Residential Acreage (RES ACG). Prospective buyers are advised to conduct thorough due diligence with the Marin County Planning Department to confirm development feasibility and obtain all necessary permits. The asking price for this remarkable opportunity is $24,950,000. The address is 00 Novato Blvd, Novato, CA 94947.

Property profile

Verified
Property type Retirement homes
Lot 466 ac (20,298,960 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

00 Novato Blvd Novato, CA 94947
Novato metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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