Entity Owned Property summary
AI-generated overview
The property is an established light industrial, manufacturing, and distribution center located in Novato, California. It comprises a 9,440-square-foot split-level concrete tilt-up commercial building on an oversized half-acre lot. The first floor is approximately 7,500 square feet and was configured for a wholesale baking operation and related industrial use. The second level includes office space totaling approximately 2,500 square feet across three individual commercial office suites, with a shared common waiting area, and office access via two stairwells located on the north and south sides of the building. The first floor is served by five roll-up doors with drive-through access on both sides of the building. The property provides 17 on-site parking stalls.
Property profile
Verified
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1975
Total area
9,440 SF
Lot
0.5 ac (21,760 SF)
APN
157-422-02
UPID
US09-2915396
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bakery Specialty Food Shop
-
Parking Lot & Garage
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.94M
CAP Approach
CAP
$1.74M
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.91M
Owner & transaction history
since 2025
Last sale
$2.0M
7 recorded transactions
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
Value estimation
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.91M
Value range
$1.71M – $2.10M
±10% around blend
Estimated value / SF
$202 / SF
Confidence
Low
4 county-verified comps
Property data
75
Market benchmarks
100
Comparable evidence
40
$1.71M
blend $1.91M
$2.10M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,440 SF
Lot area
0.5 ac
Year built
1975
APN
157-422-02
Assessed value
$2,233,975
Annual tax
$33,655
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.74M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.89M
@ 6.5% CAP return
$1.74M
@ 7% CAP return
$1.62M
4
Sales comparison
Partial preview
Sales approach indication
$1.62M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
21.3 mi away · 6,673 SF
21.9 mi away · 11,312 SF
22.6 mi away · 7,600 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.91M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 27 sales
$393
-49%
Submarket 31 sales
$402
-50%
County 63 sales
$308
-35%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $202/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
5.90%
Implied, in-place cap rate for this other industrial properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.90%
9.0%
NOI (est.)
$137k *
Last sale · Jan 2020
$1.96M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.33M
Move the market yield to see immediate price impact.
Value / SF
$247
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.40%5.90%6.40%
$124k
$2.29M
$2.10M
$1.93M
$137k
$2.55M
$2.33M
$2.15M
$151k
$2.80M
$2.56M
$2.36M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$850k
0.3 mi · Dec 2025 · $119/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$33,655
Tax year 2024
Assessed value
$2,233,975
Assessed 2024
Previous assessed
$2,233,975
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$824,912
Assessed improvement
$1,409,063
Applied tax rate
10.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1975
Heating
NONE
Total area
9,440 SF
Lot
0.5 ac (21,760 SF)
APN
157-422-02
UPID
US09-2915396
Jurisdiction
MARIN
Metro division
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Lot
0.5 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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