For Sale
Novato, CA
Commercial Real Estate Market Trends & Data
$367
Avg asking sale price
$26
Avg asking lease rate
5,182 SF
Avg unit lease size
14,090 SF
Avg building size for sale
5.62%
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{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Novato | $290 | 10,745 SF | 6.36% |
| San Rafael | $455 | 21,252 SF | 8.73% |
| Petaluma | $300 | 23,473 SF | 4.18% |
| Sonoma | $610 | 2,781 SF | 3.65% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| San Rafael | $368 | 13,463 SF | 6.45% |
| San Anselmo | $399 | 3,250 SF | 6.08% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Novato | $763 | 4,516 SF |
| San Rafael | $426 | 7,825 SF |
| San Anselmo | $472 | 4,582 SF |
| Petaluma | $323 | 20,444 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 | $574 | 5,927 SF | 5.82% |
| San Anselmo | $591 | 4,601 SF | 5.80% |
| Petaluma | $619 | 4,939 SF | 5.20% |
| Fairfax | $525 | 3,800 SF | 5.21% |
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
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
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 | $367 | 14,090 SF |
| San Rafael | $457 | 13,151 SF |
| San Anselmo | $526 | 6,124 SF |
| Petaluma | $325 | 38,009 SF |
| Ross | $400 | 16,038 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% |
| 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% |
| Petaluma | 59,731 | 23,217 | 45 | $111,755 | 3 | 8,769 | -1% |
| Ross | 2,062 | 706 | 48 | $238,902 | 3 | 86 | -6% |
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.
Nearby Market Trends
- Bay Area Market Trends
- Oakland Market Trends
- San Francisco Market Trends
- Santa Rosa Market Trends
- Berkeley Market Trends
- Richmond Market Trends
- American Canyon Market Trends
- Vallejo Market Trends
- San Rafael Market Trends
- Greenbrae Market Trends
- Petaluma Market Trends
- Agua Caliente Market Trends
- Sonoma Market Trends
- Rohnert Park Market Trends
- El Cerrito Market Trends
- Martinez Market Trends
- Albany Market Trends
- View more
- View less
