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    FOR LEASE
    Commercial real estate

    110 Tiburon Blvd, Mill Valley, CA 94941

    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
    2022
    2022
    $2.6M
    2018
    $2.6M
    2017
    2017
    2017
    $2.5M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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