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    FOR SALE
    Industrial properties

    4 Commercial Blvd, Novato, CA 94949

    9,440 SF 0.5 ac lot Built 1975
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US09-2915396
    Property summary
    AI-generated overview

    This exceptional commercial investment property in Novato, CA, presents a rare opportunity. Situated on a half-acre lot, the 9,440-square-foot building is a split-level, concrete tilt-up structure. The first floor, encompassing 7,500 square feet, is entirely occupied by a long-standing (nearly 30 years) anchor tenant, John & Jills Cheesecake, a wholesale bakery producing over 4,000 cheesecakes daily for global distribution. This established tenant provides significant and consistent income. The upper level features approximately 2,500 square feet of premium office space, divided into three individual suites, with a shared common waiting area. Access to the second-floor offices is provided by two stairwells, one on the north and one on the south side of the building. The ground floor boasts five roll-up doors, offering convenient drive-through access on both sides of the building. Ample parking is available with 17 on-site stalls. The property benefits from its central location, offering easy access to San Francisco, the East Bay, and nearby Wine Country, making it an attractive investment in a thriving area with a growing high-tech presence. This property offers a compelling blend of established income and potential for future growth.

    Property profile
    Verified
    Property type 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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • John & Jill's Cheesecake Bakery Specialty Food Shop
    • Westpark Express Valet Parking Company Parking Lot & Garage
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.94M
    CAP Approach CAP
    $1.74M
    Comparable Approach Comparable
    $1.72M
    Blend (final) Blend
    $1.94M
    Owner & transaction history
    Vandelay Point Partners LLC · 1 yrs held
    Vandelay Point Partners LLC
    since 2025
    Last sale
    $2.0M
    7 recorded transactions
    2025
    $1.8M
    2023
    2021
    2020
    2018
    2017
    2017
    $2.0M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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