Entity Owned Property summary
AI-generated overview
This office property in Novato, CA contains approximately 10,109 square feet and is positioned for freeway access with frontage that provides visibility. The building and common areas have been renovated, and the suites are configured with bright interiors and expansive window lines. Parking is provided at a shared off-street arrangement, with capacity exceeding four spaces per 1,000 square feet and additional spaces available through neighboring property sharing. The location is near the Vintage Oaks Shopping Center and other nearby amenities.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
81,887 SF
Lot
4.46 ac (194,438 SF)
APN
153-320-14
UPID
US09-3679712
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
-
Medical Clinic
-
College University
-
Physician
-
Physician
-
Social Service Agency Community Center
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$33.05M
CAP Approach
CAP
$25.51M
Comparable Approach
Comparable
$30.44M
Blend (final)
Blend
$33.05M
Owner & transaction history
since 2024
Last sale
$33.1M
6 recorded transactions
Zoning & alternative use
Top alternative use upside
Industrial (general)
$32.9M
+23.1%
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
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$33.05M
Value range
$29.75M – $36.36M
±10% around blend
Estimated value / SF
$404 / SF
Confidence
Property data
63
Market benchmarks
100
Comparable evidence
60
$29.75M
blend $33.05M
$36.36M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
81,887 SF
Lot area
4.46 ac
APN
153-320-14
Assessed value
$22,445,818
Annual tax
$294,564
3
Income approach: direct capitalization
Partial preview
Income approach indication
$25.51M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$27.64M
@ 6.5% CAP return
$25.51M
@ 7% CAP return
$23.69M
4
Sales comparison
Partial preview
Sales approach indication
$30.44M
Range $13.84M – $42.41M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$33.05M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 36 sales
$327
+24%
Submarket 77 sales
$299
+35%
County 419 sales
$381
+6%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $404/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Industrial (general)
Gross theoretical uplift
+23%
vs current-use indication
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
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.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
5.00%
Implied, in-place cap rate for this other commercial real estate
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 · 5.00%
9.0%
NOI (est.)
$2.31M *
Last sale · Dec 2024
$33.05M
* 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$46.27M
Move the market yield to see immediate price impact.
Value / SF
$565
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
4.50%5.00%5.50%
$2.08M
$46.27M
$41.64M
$37.86M
$2.31M
$51.41M
$46.27M
$42.06M
$2.54M
$56.55M
$50.90M
$46.27M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$294,564
Tax year 2024
Assessed value
$22,445,818
Assessed 2024
Previous assessed
$22,445,818
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$5,320,509
Assessed improvement
$17,125,309
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 commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Total area
81,887 SF
Lot
4.46 ac (194,438 SF)
APN
153-320-14
UPID
US09-3679712
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.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Lot
4.46 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.
What opens after registration
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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