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Financial
Distress signals
Property profile

1500 Grant Ave Novato, CA 94945

FOR LEASE
Other commercial real estate
Property ID
US09-1819911
34,904 SF 0.83 ac lot Built 1961
Last sale Mar 2026 · $3,025,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of approximately 744 square feet of office space located on Grant Avenue in downtown Novato, within walking distance of nearby dining, retail, and banking. The office suite is configured for occupancy with features that include kitchenettes, carpeting, and interior paint. The building has been remodeled and includes LED lighting throughout. A professional lobby provides elevator service to upper floors, and tenants have access to a shared conference room with WiFi. The site offers parking for both tenants and visitors.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$84k
Tax billed · 2024
Assessed value$7.45M
Assessed land$2.24M
Assessed improvement$5.21M
Effective rate1.13%

Value estimate

· Oct 2026
$6.16M
$5.54M – $6.77M
NOI build-up
Gross scheduled income$16k
Vacancy & credit loss−$4k
Operating expenses−$3k
NOI · 397,911.11% cap applied$9k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$327/SF
ZIP average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$169 – $518
Qualifying comparables3

Cap rate analysis

How does the asset earn?
397,911.11%
$9k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMARIN

Location intelligence

Which uses thrive at this corner?
Best fit: Catering Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Catering Service9.3
Storage Facility8.8
Tattoo & Piercing Shop8.7

Location

1500 Grant Ave Novato, CA 94945
County assessor Recorded deeds · 3 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7665 Redwood, Novato, CA 94945-1405 $500,000 Nov 2024 24,816 SF
351 San Andreas, Novato, CA 94945-1206 $12,000,000 Oct 2023 26,775 SF
1727 Grant, Novato, CA 94945-2229 $19,400,000 Mar 2023 33,622 SF
1761 Grant, Novato, CA 94945-2229 $19,400,000 Mar 2023 38,782 SF
1707 Grant, Novato, CA 94945-2229 $19,400,000 Mar 2023 22,120 SF
1595 Grant, Novato, CA 94945-3151 $2,300,000 Nov 2022 16,424 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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