Industrial Flex Unit with
For Sale
Contact for pricing
12150 Charles Drive, Grass Valley, CA 95945
M1-zoned unit combines warehouse, office, restroom, and finished mezzanine space.
Property Size1,868 SF
Price / SF$155.25
Days on Market55
Property Features for 12150 Charles Drive
General Information
Standard status
Active
Size
1,868 SF
Property subtype
Industrial
Zoning
M1
Warehouse & Industrial
Clear Height
16 ft
Mezzanine
500 SF
Drive-In Doors
1
Power
200 amps
Three-Phase Power
Yes
Additional Details
Floor
1A
HOA Fee
$259.15
Building Details
Units
1
Tenancy
Single
Listing Agency:
Tucker Commercial
Listed By:
Tyson Tucker · License #01804034
(530) 272-7222
Source:
Crexi
Added: Jul 28
Changed: Sep 20
Last Checked: Sep 19 at 9:45AM
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
Investment Insights
Based on property information with market context.
Unit 1A is an approximately 1,868 SF industrial condominium at Loma Rica Industrial Park in Grass Valley. The layout includes warehouse space with approximately 16' clear height, a private office, and a restroom. An approximately 500 SF finished mezzanine adds a second private office, a restroom with shower, and an open work area overlooking the warehouse.
The unit has received new interior paint, new carpet in the office areas, and painted concrete warehouse floors. A 10'x10' grade-level roll-up door provides warehouse access, while 200-amp, 3-phase power supports industrial operations. The owners' association maintains the roof, parking areas, landscaping, and building insurance. Adjacent Unit 2, approximately 1,577 SF, may also be purchased with Unit 1A for a combined approximately 3,445 SF.
The unit has received new interior paint, new carpet in the office areas, and painted concrete warehouse floors. A 10'x10' grade-level roll-up door provides warehouse access, while 200-amp, 3-phase power supports industrial operations. The owners' association maintains the roof, parking areas, landscaping, and building insurance. Adjacent Unit 2, approximately 1,577 SF, may also be purchased with Unit 1A for a combined approximately 3,445 SF.
Key Highlights
- ±1,868 SF industrial condominium in Loma Rica Industrial Park
- Approximately 500 SF finished mezzanine with office, restroom with shower, and open work area
- ±16' clear warehouse height
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,549
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$390,980
$391.0K
Cap Rate 7%
$279,271
$279.3K
Cap Rate 9%
$217,211
$217.2K
Market Conditions
NOI Build-Up for 1,868 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.2K $12.96/SF
− Vacancy
−$1.2K −$0.65/SF
EGI
$23.0K $12.31/SF
− OpEx
−$3.4K −$1.85/SF
NOI
$19.5K $10.47/SF
Area
Nevada County, CA
Vacancy
5.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$390,980
Cap Rate 7%
$279,271
Cap Rate 9%
$217,211
Alternative Uses
Best Use
Flex RnD
$578.8K
$506.5K – $675.3K
NOI $40,516 @ 7.0% cap · market cap 13.97%
Second Best
Warehouse
$279.3K
$244.4K – $325.8K
NOI $19,549 @ 7.0% cap · market cap 6.74%
Theoretical Best
Specialty Retail
$667.8K
$584.4K – $779.2K
NOI $46,749 @ 7.0% cap · market cap 16.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - M1-zoned unit combines warehouse, office, restroom, and finished mezzanine space.
Where is this flex space located?
The property is located at 12150 Charles Drive Grass Valley, CA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: ±1,868 SF industrial condominium in Loma Rica Industrial Park; Approximately 500 SF finished mezzanine with office, restroom with shower, and open work area; ±16' clear warehouse height
