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Property profile & analytics
OFF-MARKET
Commercial real estate
1615 Hl Rd 22, Novato, CA 94947-4340
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0078843
Property summary
AI-generated overview
This exceptional office property, located at 1615 Hill Rd in Novato, CA 94947, offers two contiguous executive office suites totaling 1,743 square feet. The space is currently vacant and immediately available for lease. Units 8 & 9/10 are zoned BPO and boast a flexible layout, accommodating businesses needing between 608 and 1,135 contiguous square feet. The property features abundant on-site parking, a significant advantage in this desirable location. The address is conveniently situated within Marin County, offering easy access to major transportation routes and local amenities. The property's Assesor's Parcel Numbers (APN) are 140-490-09
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1965
Total area
1,165 SF
Lot
0.03 ac (1,165 SF)
APN
140-490-23
UPID
US09-0078843
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
-
Menasco Matthew DMD Dental Office
-
CB Labs Novato Laboratory
-
Marin Reconstructive Periodontics Dental Office
-
Endoart Dental Office
-
Hickle Dallas H DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Roshni Gehlot · 1 yrs held
Roshni Gehlot
since 2025
Last sale
$250,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Novato submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Novato submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$6,046
Tax year 2024
Assessed value
$426,861
Assessed 2024
Previous assessed
$426,861
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$131,342
Assessed improvement
$295,519
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1965
Heating
NONE
Total area
1,165 SF
Lot
0.03 ac (1,165 SF)
APN
140-490-23
UPID
US09-0078843
Jurisdiction
MARIN
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Lot
0.03 ac
Current owner
From public records · entity-resolved
Roshni Gehlot
Individual
Free & Clear · 1 yrs held
Mailing address
2435 VINEYARD RD, NOVATO, CA 94947-3611
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2025
$250,000
Roshni Gehlot
Matthew S Menasco
Grant Deed
—
Sep 29, 2006
$325,000
Menasco M S & S M 2000 Trust
Stultz,wendy
Grant Deed
$162,500 · Bank Of Marin
Sep 29, 2006
—
Wendy Stultz
Stultz,e Robert
Affidavit Of Death
related
—
Sep 29, 2004
$279,360
Stultz E R
Acc Novato LLC
Grant Deed
$181,584 · Luther Burbank Savings & Loan
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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