Mixed-Use Asset in Historic
100 Union St, Nevada City, CA 95959
For Sale
$3,100,000
10,223 SF mixed-use property in Nevada City, California.
Property Size10,630 SF
Price / SF$291.63
Days on Market399
Property Features for 100 Union St
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Tucker Commercial
Listed By:
Tyson J. Tucker · License CA #01804034
(530) 272-7222
Source:
Sacramentoareahouses
Added: Oct 12, 2025
Changed: Nov 13
Last Checked: Nov 10 at 11:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tucker Commercial
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Investment Insights
Based on property information with market context.
Located in the heart of historic downtown Nevada City, California, this mixed-use asset at 100 Union Street offers 10,223 square feet of space. Constructed in 2008, the building blends into the Victorian streetscape. The property is 100% occupied and generates net operating income. The ground floor is anchored by two restaurants, Nourish and Taqueria Taco Loco, both with outdoor dining. The rent roll includes nine tenants across three income streams: three ground-floor retail suites, four professional office suites ranging from 779 to 1,873 square feet, and two one-bedroom residential apartments. The property features contractual rent growth, with portfolio-wide NOI projected to grow from Year 0 to Year 3 through escalations and near-term rollover repricing to market. The building includes storefront depths, modern mechanical systems, a passenger elevator, and secured subgrade parking for seven vehicles.
Key Highlights
- Irreplaceable asset in the heart of historic downtown Nevada City.
- 100% occupied mixed‑use property generating strong in‑place net operating income of $172,134.
- Significant near‑term NOI growth potential (21.8% projected from Year 0 to Year 3).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,557
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,991,140
$2.0M
Cap Rate 7%
$1,422,243
$1.4M
Cap Rate 9%
$1,106,189
$1.1M
Market Conditions
NOI Build-Up for 10,630 SF
Gross rent
$172.2K $16.20/SF
− Vacancy
−$12.9K −$1.22/SF
EGI
$159.3K $14.99/SF
− OpEx
−$59.7K −$5.62/SF
NOI
$99.6K $9.37/SF
Area
Nevada County, CA
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,991,140
Cap Rate 7%
$1,422,243
Cap Rate 9%
$1,106,189
Alternative Uses
Best Use
Mixed Use
$1.42M
$1.24M – $1.66M
NOI $99,557 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.80M
$3.33M – $4.43M
NOI $266,030 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
997
Businesses Nearby
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Business Placement
Demographics for 95959, CA
18,621
Population
8,840
Households
2.1
Avg Household Size
53
Median Age
45%
College-Educated
96%
High-School Grad
311.9 sq mi
ZIP Area
60
Density / Sq Mi
$79,509
Median Household Income
$36,160
Median Earnings
$1,715
Median Rent
$603,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 10,223 SF mixed-use property in Nevada City, California.
Where is this mixed-use property located?
The property is located at 100 Union St Nevada City, CA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Irreplaceable asset in the heart of historic downtown Nevada City.; 100% occupied mixed‑use property generating strong in‑place net operating income of $172,134.; Significant near‑term NOI growth potential (21.8% projected from Year 0 to Year 3).
