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Property profile & analytics
FOR LEASE
Commercial real estate
250 Entrada Dr, Novato, CA 94949
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-3169446
For Lease
1 / 2
$10,130,000
250 Entrada Dr, Novato, CA 94949
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1948
Total area
34,034 SF
Lot
4.83 ac (210,395 SF)
APN
160-161-21
UPID
US09-3169446
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
-
Blacksteer Steakhouse & saloon Restaurant
-
Inn Marin And Suites, Ascend Hotel Collection Hotel & Motel
-
Rickey's Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.20M
CAP Approach
CAP
$10.61M
Comparable Approach
Comparable
$13.00M
Blend (final)
Blend
$10.13M
Owner & transaction history
Pr II Broadstone Marin LLC
Pr II Broadstone Marin LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$13.4M
+51.3%
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
$9,595,000
ML approach
$10,200,000
CAP Approach
CAP Return
Estimation
6%
$11,485,000
6.5%
$10,605,000
7%
$9,845,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,845,000
Current use
INDUSTRIAL (GENERAL)
$13,380,000
Change: +51% · Conversion: Moderate
Blend value · Realmo final
$10.13M
Range $9.12M – $11.14M · ±10%
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
$298 / 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
$178,789
Tax year 2024
Assessed value
$12,010,262
Assessed 2024
Previous assessed
$12,010,262
+0.0% YoY
Effective rate
1.49%
On assessed value
Assessed land
$5,577,500
Assessed improvement
$6,432,762
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1948
Heating
NONE
Total area
34,034 SF
Lot
4.83 ac (210,395 SF)
APN
160-161-21
UPID
US09-3169446
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$8.8M
INDUSTRIAL (GENERAL)
Est. value
$13.4M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1948
Heating
NONE
Lot
4.83 ac
Current owner
From public records · entity-resolved
Pr II Broadstone Marin LLC
Entity
Mailing address
402 8TH AVE STE 206A, SAN FRANCISCO, CA 94118-3057
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2025
—
Pr II Broadstone Marin LLC
250 Entrada Drive LLC
Deed
—
Apr 7, 2022
—
250 Entrada Drive LLC
—
Deed
related
$2,000,000 · United States Small Business Admin
Mar 31, 2022
—
250 Entrada Drive LLC
250 Entrada Drive LLC
Intrafamily Transfer
related
—
Sep 20, 2021
—
250 Entrada Drive LLC
—
Deed
related
$1,000,000 · Community Bank Of The Bay
Apr 23, 2020
—
250 Entrada LLC
Patel D & K 2011 Trust
Grant Deed
related
—
May 22, 2018
—
Kalpana Patel
—
Deed
related
$7,500,000 · Community Bank Of The Bay
Oct 19, 2017
—
Hitesh Patel
Patel,jagruti
Quit Claim Deed
related
—
Oct 19, 2017
$10,000,000
Dipak Patel
Inn Marin Associates LLC
Grant Deed
$6,000,000 · First Community Bank
Sep 30, 1997
—
Marshall Family Ptshp
Alvarado Assocs LLC
Trustees Deed
related
—
May 22, 1996
—
Alvarado Associates LLC
Chemical Bank Trustee
Grant Deed
$1,072,500 · Metro Commerce Bank NA
Feb 1, 1995
$1,723,190
Chemical Bank Trustee
Jafari,mahmood H & Homayoon H
Trustees Deed
related
—
—
—
Inn Marin Associates LLC
—
Deed Of Trust
related
$4,752,000 · Redwood Cu
—
—
Inn Marin Associates LLC
—
Deed Of Trust
related
$3,500,000 · Vineyard Bank
—
—
Inn Marin Associates LLC
—
Deed Of Trust
related
$3,000,000 · Metro Commerce Bank NA
—
—
Patel,d & K 2011 Trust
—
Deed Of Trust
related
$7,500,000 · Community Bk/pleasant Hill
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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