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Property profile & analytics
FOR LEASE
Commercial real estate
495 Miller Ave, Mill Valley, CA 94941
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3187343
For Lease
1 / 6
$3,305,000
495 Miller Ave, Mill Valley, CA 94941
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1979
Total area
9,784 SF
Lot
0.54 ac (23,560 SF)
APN
030-081-52
UPID
US10-3187343
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
-
Seth Linn, DO.MP Alternative Medicine Practice
-
Seth's patients Alternative Medicine Practice Physician
-
Mrs. Spencer Jacobs Marriage Or Relationship Counselor
-
Ilene Wolf, MFT, RDT Marriage Or Relationship Counselor Psychotherapist
-
Glass House Productions Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.05M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.31M
Owner & transaction history
Milelr 495 Mv LLC · 7 yrs held
Milelr 495 Mv LLC
since 2019
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 Mill Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mill Valley 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,300,000
6.5%
$3,050,000
7%
$2,830,000
Blend value · Realmo final
$3.31M
Range $2.97M – $3.64M · ±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
$338 / 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
$74,375
Tax year 2024
Assessed value
$6,124,328
Assessed 2024
Previous assessed
$6,124,328
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$2,843,438
Assessed improvement
$3,280,890
Applied tax rate
5.0000
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
1979
Heating
NONE
Total area
9,784 SF
Lot
0.54 ac (23,560 SF)
APN
030-081-52
UPID
US10-3187343
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
1979
Heating
NONE
Lot
0.54 ac
Current owner
From public records · entity-resolved
Milelr 495 Mv LLC
Entity
Mailing address
125 SAN LUIS AVE, SAN BRUNO, CA 94066-5506
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2019
$560,000
Milelr 495 Mv LLC
Miller Avenue Properties LLC
Grant Deed
$3,360,000 · Jpmorgan Chase Bank NA
Feb 14, 2006
$2,950,000
Miller Avenue Properties LLC
Thompson,donald O & Matilda M
Grant Deed
$2,360,000 · Westamerica Bank
Jun 24, 1998
—
Matilda M Thompson
Thompson,mathilda M
Quit Claim Deed
related
$660,000 · Westamerica Bank
Jan 15, 1993
$1,275,000
Donald O Thompson
Smith & Hawken
Grant Deed
$637,500 · Novato National Bank
Mar 16, 1989
$1,330,000
Smith
495,miller Avenu
Grant Deed
—
—
—
Donald O Thompson
—
Deed Of Trust
related
$527,000 · Bay Area Busines
—
—
Miller Avenue Properties LLC
—
Deed Of Trust
related
$2,120,000 · 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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