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961-971 Front St 5,750 SF 100% Leased Retail Building Novato, CA 94945 $2,100,000 ($365.22/SF) 3.25% Cap Rate
EXECUTIVE SUMMARY
973 FRONT ST
• Multi-tenant retail building in downtown Novato. Prime location. Across from Novato Downtown SMART Train Station.
• Currently 100% leased to four long term tenants.
• Frame and stucco construction with 17 off street parking spaces.
• Frontage on Front Street with good visibility from Redwood Blvd.
• Multi-tenant retail building in downtown Novato. Prime location. Across from Novato Downtown SMART Train Station.
• Currently 100% leased to four long term tenants.
• Frame and stucco construction with 17 off street parking spaces.
• Frontage on Front Street with good visibility from Redwood Blvd.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS In Escrow
Sale Type
Investment
Property Type
Building Size
5,750 SF
Building Class
C
Year Built
1950
Price
$2,100,000
Price Per SF
$365.22
Cap Rate
3.25%
NOI
$68,250
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.49
Lot Size
0.27 AC
Zoning
CDR - CDR—Downtown Core Retail
Parking
17 Spaces (2.96 Spaces per 1,000 SF Leased)
Frontage
113’ on Front St
Walk Score®
Walker's Paradise (91)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 141-286-04 | Total Assessment | $252,521 |
| Land Assessment | $122,583 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $129,938 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
141-286-04
Land Assessment
$122,583
Improvements Assessment
$129,938
Total Assessment
$252,521
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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961-971 Front St
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