Refreshed Flex Space
For Sale
Contact for pricing
12150 Charles Drive Unit 2, Grass Valley, CA 95945
Industrial condominium with warehouse, private office, restroom, grade-level loading, and three-phase power.
Property Size1,577 SF
Price / SF$168.04
Days on Market100
Property Features for 12150 Charles Drive Unit 2
General Information
Standard status
Active
Size
1,577 SF
Property subtype
Industrial
Zoning
M1
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
1
Power
200 amps
Three-Phase Power
Yes
Listing Agency:
Tucker Commercial
Listed By:
Tyson Tucker · License #01804034
(530) 272-7222
Source:
Crexi
Added: Jul 28
Changed: Oct 26
Last Checked: Nov 4 at 1:15PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 2 is an industrial condominium with approximately 1,577 SF of space arranged around an open warehouse, a private office, and a restroom. The interior has been refreshed with new paint, new office carpet, and painted concrete warehouse floors. Approximately 16 feet of clear height supports a range of warehouse, light manufacturing, and service functions. Access is provided through a 10'x10' grade-level roll-up door, and the unit has 200-amp, 3-phase power.
The property is located within Loma Rica Industrial Park in Western Nevada County’s primary industrial submarket. Zoning is M1. The owners’ association maintains the roof, parking areas, landscaping, and building insurance, creating a defined ownership structure for the condominium. The adjacent Unit 1A is also identified as an available adjoining unit, with approximately 1,868 SF.
The property is located within Loma Rica Industrial Park in Western Nevada County’s primary industrial submarket. Zoning is M1. The owners’ association maintains the roof, parking areas, landscaping, and building insurance, creating a defined ownership structure for the condominium. The adjacent Unit 1A is also identified as an available adjoining unit, with approximately 1,868 SF.
Key Highlights
- ±1,577 SF industrial condominium with open warehouse, private office, and restroom
- Approximately 16' clear height in the warehouse area
- 10'x10' grade‑level roll‑up door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,504
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,080
$330.1K
Cap Rate 7%
$235,771
$235.8K
Cap Rate 9%
$183,378
$183.4K
Market Conditions
NOI Build-Up for 1,577 SF
Gross rent
$20.4K $12.96/SF
− Vacancy
−$1.0K −$0.65/SF
EGI
$19.4K $12.31/SF
− OpEx
−$2.9K −$1.85/SF
NOI
$16.5K $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 Rate 5%
$330,080
Cap Rate 7%
$235,771
Cap Rate 9%
$183,378
Alternative Uses
Best Use
Flex RnD
$488.6K
$427.6K – $570.1K
NOI $34,204 @ 7.0% cap · market cap 12.91%
Second Best
Warehouse
$235.8K
$206.3K – $275.1K
NOI $16,504 @ 7.0% cap · market cap 6.23%
Theoretical Best
Specialty Retail
$563.8K
$493.3K – $657.8K
NOI $39,466 @ 7.0% cap · market cap 14.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial condominium with warehouse, private office, restroom, grade-level loading, and three-phase power.
Where is this flex space located?
The property is located at 12150 Charles Drive Unit 2 Grass Valley, CA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: ±1,577 SF industrial condominium with open warehouse, private office, and restroom; Approximately 16' clear height in the warehouse area; 10'x10' grade‑level roll‑up door
