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Property profile & analytics
OFF-MARKET Estimated value $2,575,000
Commercial real estate

110 Tiburon Blvd Mill Valley, CA 94941-2438

4,050 SF 0.35 ac lot Built 1975
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-3258599
Property summary
AI-generated overview

This thriving musical instrument retail business, established in 1976, is located in Mill Valley, CA at 110 Tiburon Blvd, 94941. The 4,000 square foot space boasts a well-designed showroom, lesson rooms, storage, and a repair workshop. The business enjoys a strong reputation built over 46 years, serving a loyal customer base of musicians, educators, and community organizations. It offers a diverse product portfolio including guitars, keyboards, drums, brass, woodwind instruments, accessories, sheet music, and more, complemented by expert repair and lesson services. The business generated $1,852,906 in gross receipts in 2023. A comprehensive inventory valued at over $1,000,000 is included in the sale, along with fixtures, equipment, customer database, branding, and goodwill (total assets valued at over $2,000,000). The current lease is NNN, with a remaining term of approximately 5.4 years (expiring April 30, 2030), and a monthly rate of $11,255. Significant growth opportunities exist through e-commerce expansion, targeted marketing, product diversification, and expanded educational programs. The seller is offering transition support and is motivated to sell due to retirement. Financial statements are available upon signing a non-disclosure agreement. Asking price: $999,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1975
Total area 4,050 SF
Lot 0.35 ac (15,091 SF)
APN 043-021-41
UPID US09-3258599
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
Current use
Occupant on record · Public records
  • Benefit Matrix Insurance Agency
  • RE/MAX Gold: Bill Byrd Real Estate Agency
  • BIC Construction Construction Company
  • Stable Garage Doors & Gate Repair Building Supply General Contractor
  • Re/Max Gold Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.56M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.30M
Blend (final) Blend
$2.58M
Owner & transaction history
110 Tiburon LP · 3 yrs held
110 Tiburon LP
since 2022
Last sale
$2.6M
7 recorded transactions
2024
Price N/A
2022
Price N/A
2022
$2.6M
2018
$2.6M
2017
Price N/A
2017
Price N/A
2017
$2.5M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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