Industrial Condo in Grass
For Sale
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110 Spring Hill Dr Units 3&4, Grass Valley, CA 95945
3,952 SF industrial condo with flexible M-1 zoning.
Property Size3,952 SF
Price / SF$153.09
Days on Market904
Property Features for 110 Spring Hill Dr Units 3&4
General Information
Standard status
Active
Size
3,952 SF
Property subtype
Industrial
Zoning
M1
Listing Agency:
Tucker Commercial
Listed By:
Tyson Tucker · License #01804034
(530) 272-7222
Source:
Crexi
Added: May 15, 2024
Changed: Oct 26
Last Checked: Nov 4 at 1:31PM
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.
This 3,952 SF industrial condo, located at 110 Springhill Drive, Units 4-5, presents an industrial investment opportunity. Situated within a well-maintained 43,000 SF project in Grass Valley, CA, the property is zoned M-1, offering flexible use potential for various industrial operations. Constructed in 1989, the complex is one of the few industrial condominium projects in Grass Valley with full access to city utilities. The unit features a small office, one restroom, 18’ clear height, and a 12’x12’ roll-up door, making it suitable for manufacturing, storage, light industrial use, or a service-based business. The property is fully sprinklered and professionally managed. A newer roof was installed approximately two years ago. The Owners Association (OA) manages hazard insurance, parking lot maintenance, roof, and landscaping. OA fees are $0.26/SF/quarter.
Key Highlights
- Flexible M‑1 zoning allows for a variety of industrial uses.
- 3,952 SF industrial condo in a well‑maintained complex with full access to city utilities.**
- 18’ clear height and a 12’x12’ roll‑up door facilitate efficient operations.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,458
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,160
$729.2K
Cap Rate 7%
$520,829
$520.8K
Cap Rate 9%
$405,089
$405.1K
Market Conditions
NOI Build-Up for 3,952 SF
Gross rent
$54.5K $13.80/SF
− Vacancy
−$2.5K −$0.62/SF
EGI
$52.1K $13.18/SF
− OpEx
−$15.6K −$3.95/SF
NOI
$36.5K $9.23/SF
Area
Nevada County, CA
Vacancy
4.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,160
Cap Rate 7%
$520,829
Cap Rate 9%
$405,089
Alternative Uses
Best Use
Flex RnD
$1.22M
$1.07M – $1.43M
NOI $85,717 @ 7.0% cap · market cap 14.17%
Second Best
Industrial
$520.8K
$455.7K – $607.6K
NOI $36,458 @ 7.0% cap · market cap 6.03%
Theoretical Best
Specialty Retail
$1.41M
$1.24M – $1.65M
NOI $98,904 @ 7.0% cap · market cap 16.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,176
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 95945, CA
26,302
Population
13,051
Households
2
Avg Household Size
50
Median Age
32%
College-Educated
94%
High-School Grad
61.1 sq mi
ZIP Area
430
Density / Sq Mi
$61,068
Median Household Income
$41,072
Median Earnings
$1,420
Median Rent
$496,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Tjm Food Services Inc — 988 Plaza Dr, Grass Valley, CA 95945
Frequently Asked Questions
What type of property is this?
Flex space - 3,952 SF industrial condo with flexible M-1 zoning.
Where is this flex space located?
The property is located at 110 Spring Hill Dr Units 3&4 Grass Valley, CA.
What is the asking price?
The asking price for this property is $605,000.
What are key features of this property?
This property features: Flexible M‑1 zoning allows for a variety of industrial uses.; 3,952 SF industrial condo in a well‑maintained complex with full access to city utilities.**; 18’ clear height and a 12’x12’ roll‑up door facilitate efficient operations.**
