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    1 Commercial Blvd Novato, CA 94949

    • Commercial real estate
    • 6,287 SF
    • 0.26 lot acres
    For Lease
    View listing
    $1.95 SF/Yr
    Value Estimation
    $680,000
    Last Sale
    May 28, 2020
    $745,163
    Location Intelligence
    Property ID
    US09-3391998
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Black Cat Studio Gallery / Print Shop
    • Joseph Farrell Architecture / Architect
    • Black Cat Studio / Print Shop / Photo Lab

    Property Details for 1 Commercial Blvd

    Year built
    1979
    Lot size
    0.26 lot acres
    Property size
    6,287 SF
    Property type
    Commercial real estate
    APN
    157-421-13
    APU
    15742113

    Description

    Located at 1 Commercial Blvd in Novato, CA 94949, Bel Marin Keys Business Park offers exceptional executive office space within a 11,627 square foot building. Currently, 7,692 square feet are available, divisible into units ranging from 2,158 to 5,534 contiguous square feet, perfect for businesses seeking flexible and efficient layouts. The space features a desirable blend of open areas and private offices, enhanced by abundant natural light from expansive windows offering scenic hill views. Recent upgrades include a new fire sprinkler system, ensuring a safe and secure environment. The property's PD/LI-O Overlay zoning provides versatility for various business types. Furthermore, the potential for lab space build-outs exists, offering an adaptable solution for specific business needs. Ample on-site parking is provided for the convenience of employees and clients. This Marin County location offers a desirable business address with easy access to local amenities and transportation. The property is zoned PD/LI-O Overlay.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $660,000

    • CAP approach

      CAP return
      Estimation
      6%
      $720,000
      6.5%
      $690,000
      7%
      $745,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $715,000
      Geo Method
      $700,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $645,000
      Retail
      $715,000
      Mixed-Use
      $655,000
      Hospitality
      $760,000
      Educational
      $620,000
      Residential Income
      $715,000
      Energy
      $655,000
      Income-Based Land
      $565,000
      Food Service
      $785,000

    Location Insight

    • Map
    • Local Demand
    City
    Novato
    County
    Marin
    State
    California
    Longitude
    -122.535
    Latitude
    38.0687
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $19,942
    $293,788
    $1,161,491
    $1,455,279
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
      0.74 Acres

      1390 Nave Dr

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    • Value Estimation by Request
      9,220 SF

      250 Bel Marin Kys Blvdg

      COMMERCIAL (GENERAL) • 9,220 SF
      250 Bel Marin Kys Blvdg, Novato, CA 94949-5727
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    • Value Estimation by Request
      57,289 SF

      6 Hamilton Lndg

      COMMERCIAL (GENERAL) • 57,289 SF
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      1 Hamilton Hl Dr

      COMMERCIAL (GENERAL) • 68,081 SF
      1 Hamilton Hl Dr, Novato, CA 94949-6410
      View Details
    • Value Estimation by Request
      68,738 SF

      484 Ignacio Blvd

      COMMERCIAL (GENERAL) • 68,738 SF
      484 Ignacio Blvd, Novato, CA 94949-6068
      View Details

    Similar Nearby for Sale

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      Office/Warehouse Condos in Business Park

      Three connected office/warehouse condos with flexible layout and convenient highway access.
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    Similar Nearby for Lease

    • $1.95 SF/Yr
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      Prime Novato Executive Office Space

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    • Contact for pricing
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      Adaptable office space with modern amenities and convenient transportation access.
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    • $7,678 /Mo
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      Restaurant and retail property available for rent in Novato.
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    • $12 SF/Yr
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      Novato Office/Industrial Building For Lease

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    1 Commercial Blvd
    Novato, CA 94949
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    Realmo Value Estimation

    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.

    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.

    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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