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Property profile & analytics
OFF-MARKET
Estimated value
$3,310,000
Industrial properties
22 Commercial Blvd, Novato, CA 94949-6181
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2684544
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1984
Total area
13,760 SF
Lot
0.55 ac (23,994 SF)
APN
157-441-42
UPID
US09-2684544
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
-
Judy's Jun Big Box & Wholesale Store Bar & Pub
-
Chem-Dry of Marin Carpet Cleaning Service Upholstery Cleaning Service
-
Turner Media Services Marketing & Advertising (Bike/Boat/Book/etc) Store
-
VHS Associate Inc Civil Engineer
-
Kitchen Masters Kitchen & Bath Showroom Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.34M
CAP Approach
CAP
$2.54M
Comparable Approach
Comparable
$2.67M
Blend (final)
Blend
$3.31M
Owner & transaction history
Marin Holdings LLC · 5 yrs held
Marin Holdings LLC
since 2021
Last sale
$3.3M
7 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
Method
Estimation
Statistic approach
$3,360,000
ML approach
$3,335,000
CAP Approach
CAP Return
Estimation
6%
$2,745,000
6.5%
$2,535,000
7%
$2,355,000
Blend value · Realmo final
$3.31M
Range $2.98M – $3.64M · ±10% · vs last sale $3.28M (May 28 2021)
Last sale anchor
$3.28M
May 28 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$241 / SF
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
$49,300
Tax year 2024
Assessed value
$3,475,430
Assessed 2024
Previous assessed
$3,475,430
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$1,644,860
Assessed improvement
$1,830,570
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
Similar Nearby for Lease
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1984
Heating
NONE
Total area
13,760 SF
Lot
0.55 ac (23,994 SF)
APN
157-441-42
UPID
US09-2684544
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
1984
Heating
NONE
Lot
0.55 ac
Current owner
From public records · entity-resolved
Marin Holdings LLC
Entity
Mailing address
106 BIRCH AVE, CORTE MADERA, CA 94925-1021
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2021
$3,275,000
Marin Holdings LLC
Niram LLC
Grant Deed
$1,637,500 · Redwood Cu
May 28, 2021
—
Niram LLC
Navitas LLC
Quit Claim Deed
related
$1,328,000 · The Mortgage Capital Development Corpora
Jun 11, 2013
$1,942,500
Niram LLC
Pierpont Investment Trust
Grant Deed
$971,250 · Bank Of Marin
Feb 11, 2011
—
Leonard P Delmas
Pierpont Investment Trust
Grant Deed
related
—
Feb 11, 1998
—
Leonard P Delmas Trustee
Leonard P Delmas Trustee
Quit Claim Deed
related
—
Aug 27, 1997
—
Pierpont Trust
Pierpont Trust
Quit Claim Deed
related
$757,000 · Bank Of Marin
—
—
Delmas Leonard P & Patricia C Tr
—
Deed Of Trust
related
$250,000 · Bank Of Marin
—
—
Delmas Leonard P Tr
—
Deed Of Trust
related
$80,000 · Bank Of Marin
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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