Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    85 Galli Dr Novato, CA 94949-5716
    Back to Search
    Property profile & analytics

    85 Galli Dr Novato, CA 94949-5716

    View on Map
    • Industrial properties
    • 663 SF
    • 0.04 lot acres
    Off-Market
    Last Sale Feb 7, 2024
    $230,000
    Property ID
    US10-3016001
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gary Butler - State Farm Insurance Agent / Insurance Agency
    • Kevin's Place / Barber Shop
    • UFCW Local 5 / Advocacy Group
    • Apperson & Hoog Associates / Construction Company
    • Schalich Brothers Construction / Construction Company / General Contractor

    Property Details for 85 Galli Dr

    Year built
    1973
    Lot size
    0.04 lot acres
    Property size
    663 SF
    Property type
    Industrial properties
    APN
    157-660-12
    APU
    15766012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Novato
    County
    Marin
    State
    California
    Longitude
    -122.536
    Latitude
    38.0739
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,520
    $132,600
    $102,000
    $234,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,645,000
      18,800 SF

      77 Hamilton Dr

      INDUSTRIAL (GENERAL) • 18,800 SF
      77 Hamilton Dr, Novato, CA 94949-5602
      View Details
    • Value Estimation
      $1,495,000
      9,360 SF

      102 Hamilton Dr

      INDUSTRIAL (GENERAL) • 9,360 SF
      102 Hamilton Dr, Novato, CA 94949-5624
      View Details
    • Value Estimation
      $3,405,000
      21,184 SF

      83 Hamilton Dr

      INDUSTRIAL (GENERAL) • 21,184 SF
      83 Hamilton Dr, Novato, CA 94949-5674
      View Details
    • Value Estimation
      $3,330,000
      22,001 SF

      15 Leveroni Ct

      INDUSTRIAL (GENERAL) • 22,001 SF
      15 Leveroni Ct, Novato, CA 94949-5785
      View Details
    • Value Estimation
      $10,150,000
      38,724 SF

      35 Leveroni Ct

      INDUSTRIAL (GENERAL) • 38,724 SF
      35 Leveroni Ct, Novato, CA 94949-5721
      View Details
    • Value Estimation
      $560,000
      3,375 SF

      285 Bel Marin Kys Blvd Ste G

      INDUSTRIAL (GENERAL) • 3,375 SF
      285 Bel Marin Kys Blvd Ste G, Novato, CA 94949-5763
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      30,000 SF

      Industrial Property in Novato, CA

      30,000 square foot industrial property available for sale.
      51 Digital Dr, Novato, CA 94949
      View Details
    • Contact for pricing
      2,187 SF

      Light Industrial/Flex Condo For Sale

      2,187 SF light industrial/flex condo divided into two units.
      14 Commercial Blvd, Novato, CA 94949
      View Details
    • Contact for pricing
      31,541 SF

      Industrial Warehouse with Highway Access

      31,541 SF warehouse with convenient highway access.
      265 Bel Marin Keys Blvd, Novato, CA 94949
      View Details
    • $2,850,000
      10,180 SF

      Office/Warehouse Condos in Business Park

      Three connected office/warehouse condos with flexible layout and convenient highway access.
      285 Bel Marin Ky #O, Novato, CA 94949
      View Details
    • $875,000
      3,150 SF

      Office/Warehouse Condo in Business Park

      Office/warehouse condo with roll-up door and highway access.
      285 Bel Marin Keys Blvd, Novato, CA 94949
      View Details
    • $1,800,000
      9,440 SF

      Novato Industrial/Manufacturing/Distribution Center

      Established light industrial, manufacturing, and distribution center in Novato, CA.
      4 Commercial Blvd, Novato, CA 94949
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      CA, Novato - Bel Marin Keys Blvd

      Discover many ways to work your way in CA, Novato - Bel Marin Keys Blvd
      371 Bel Marin Keys Blvd, Novato, CA 94949
      View Details
    • $1.45 SF/Yr
      5,360 SF

      Warehouse with Adjoining Office Space

      Warehouse with office space available in Marin County.
      16 Digital Dr, Novato, CA 94949
      View Details
    • $1.45 SF/Yr

      Bel Marin Keys Office Park

      Office and warehouse spaces in Bel Marin Keys Office Park.
      8 Digital Dr, Novato, CA 94949
      View Details
    • Contact for pricing
      6,800 SF

      Industrial Warehouse with Office Space

      Divisible warehouse with office, loading docks, and yard.
      77 Hamilton Dr, Novato, CA 94949
      View Details
    • Contact for pricing
      23,901 SF

      Novato Office/Industrial Building For Lease

      Office and warehouse space available in Bel Marin Keys.
      15 Leveroni Ct, Novato, CA 94949
      View Details
    • Contact for pricing

      Novato Flex/Industrial Space Available

      Flex and industrial spaces available for rent in Novato.
      68 Leveroni Ct, Novato, CA 94949
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    85 Galli Dr
    Novato, CA 94949-5716
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    85 Galli Dr, Novato, CA, 94949
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!