Novato, CA
Commercial Real Estate Market Trends & Data

$380 Avg asking sale price
$36 Avg asking lease rate
9,581 SF Avg unit lease size
13,204 SF Avg building size for sale
6.11% Average cap rate

Novato's Demographic Profile

Novato has 20,222 households and a median income of $107,218, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 52,346
# Households 20,222
Median age 48
Median household income $107,218
Avg household size 3.0
Renter-occupied housing units 6,901
5-year population change -2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Novato, CA

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Novato $293 4,495 SF 6.36%
Woodacre $123 10,075 SF 6.41%
San Rafael $495 22,415 SF 8.73%
Petaluma $352 17,232 SF 4.18%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
San Rafael $339 11,551 SF 6.45%
San Anselmo $563 3,250 SF 6.08%
Nearby Retail Markets Avg Cost/SF Typical Size
Novato $1,278 1,800 SF
San Rafael $429 6,603 SF
San Anselmo $472 4,582 SF
Petaluma $408 9,093 SF
Fairfax $630 1,825 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Novato $305 15,909 SF 5.71%
San Rafael $606 4,792 SF 5.82%
San Anselmo $640 3,338 SF 5.80%
Petaluma $576 9,360 SF 5.20%

Commercial Properties For Sale in Novato

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Downtown Novato Center

Novato, CA 94945

  • 93,405 SF Retail Building
  • 6.25% Cap Rate
  • $24,762,335
For Sale

RARE 4 + ACRE MARIN COUNTRY ESTATE LOT

Novato, CA 94945

  • 4.10 AC Lot
  • 1 Residential Income Lot
  • $950,000
For Sale

Sherwood Place & Robinhood Drive

Novato, CA 94945

  • 5.74 AC Lot
  • 1 Residential Income Lot
  • $6,195,000
For Sale

890 Lamont Ave

Novato, CA 94945

  • 4,665 SF Office Building
  • $1,200,000
For Sale

Commercial - Multi-Tenant-Office Bldg

Novato, CA 94945

  • 3,597 SF Office Building
  • $1,420,815
For Sale

33 Commercial Blvd

Novato, CA 94949

  • 10,193 SF Industrial Building
  • $3,000,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Novato pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Novato $380 13,204 SF
Woodacre $87 10,075 SF
San Rafael $494 11,629 SF
San Anselmo $634 4,071 SF
San Geronimo $87 10,075 SF

Regional Demographic Comparison

This comparison places Novato alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Novato or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Novato 52,346 20,222 48 $107,218 3 6,901 -2%
Woodacre 939 409 56 $138,249 2 104 -9%
San Rafael 58,964 22,628 44 $103,082 3 11,055 -3%
San Anselmo 12,341 5,035 50 $153,086 2 1,626 -3%
San Geronimo 535 206 55 $107,812 3 55 -13%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Novato, CA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Novato

View All Commercial Real Estate For Sale in Novato
Is Novato a good market for a first-time commercial real estate investor?

Novato offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Novato?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Novato. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Novato?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Novato. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Novato compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Novato. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Novato acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Novato, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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