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Magnolia Village 1133-1143 Magnolia Ave 5,386 SF 74% Leased Retail Building Larkspur, CA 94939 $4,428,800 ($822.28/SF) 6% Cap Rate
Executive Summary
Retail building for Sale in an affluent market with little turnover and high barrier to entry. Two legacy tenants recently renewed. 100% NNN leases. Adjacent to a new development with 20 luxury townhomes.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,386 SF
Building Class
C
Year Built/Renovated
1948/2025
Price
$4,428,800
Price Per SF
$822.28
Cap Rate
6%
NOI
$265,728
Percent Leased
74%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.45 AC
Zoning
C2 General Commercial
Parking
18 Spaces (3.34 Spaces per 1,000 SF Leased)
Frontage
91’ on Magnolia Ave
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Neighboring the redevelopment of two retail condos and 20 luxury townhomes - Est. Delivery Q4 2026
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,410 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 1,410 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 1,410 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Neighboring the redevelopment of two retail condos and 20 luxury townhomes - Est. Delivery Q4 2026
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 020-034-14 | Improvements Assessment | $3,397,991 |
| Land Assessment | $3,510,782 | Total Assessment | $6,908,773 |
Property Taxes
Parcel Number
020-034-14
Land Assessment
$3,510,782
Improvements Assessment
$3,397,991
Total Assessment
$6,908,773
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Magnolia Village | 1133-1143 Magnolia Ave
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