Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fully Leased Industrial Investment Property Title is generated by Realmo AI

    12335 Locksley Ln, Auburn, CA 95602

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $7,750,000

    Fully leased industrial park near Hwy 49, completed in 2024.

    Type:Industrial
    Property size:
    42,440 SF
    Price / SF:
    $182/SF
    Added:
    Jan 26, 2026
    Days on Market:
    111
    Last Refresh:
    Apr 5 at 8:30 pm

    Property Features for 12335 Locksley Ln

    General Information

    Standard status
    Active
    Size
    42,440 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Jason Huntoon
    Jason Huntoon

    Listing agent Jason Huntoon License #CalDRE #02109361

    Listing office TRI Commercial | Roseville

    Listing date Jan 26, 2026

    Source Corfac

    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 TRI Commercial | Roseville

    HighLights

    • Fully Leased Industrial Investment
    • New Build Construction, completed in 2024
    • Located near Hwy 49 on Locksley Lane
    • Located in the Auburn Municipal Airport and business park
    • Fee Simple Ownership (No Ground Lease)
    • Possible Parcel Split to Purchase Individual Buildings

    Overview

    This fully leased industrial investment property is located near Highway 49 on Locksley Lane, within the Auburn Municipal Airport and business park. Constructed in 2024, the property consists of four buildings totaling approximately 42,440 square feet. The sizes of the individual warehouses range from approximately 5,000 to approximately 12,720 square feet. The property offers fee simple ownership with no ground lease with the City of Auburn. This property is suitable for investors seeking opportunities in a submarket known for its historically low vacancy rate compared to the broader Roseville/Rocklin market. A parcel split to purchase individual buildings is possible.

    Financial Insights

    Value Estimation Calculated for Warehouse

    Conservative
    $6.53M
    NOI $587,347 @ 9.00% cap · cautious / downside scenario
    Moderate
    $8.39M
    NOI $587,347 @ 7.00% cap · market / base-case scenario
    Aggressive
    $11.75M
    NOI $587,347 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Warehouse

    Component $ $/SF
    Gross rent $748.6k $17.64
    − Vacancy −$57.6k −$1.36
    EGI $691.0k $16.28
    − OpEx −$103.6k −$2.44
    NOI $587.3k $13.84
    42,440 SF · lease $17.64/SF/yr · vacancy 7.70% · expense 15.00%

    Alternative Use Scenarios

    Best Use
    Warehouse
    $8.39M
    $7.34M – $9.79M (±1% cap)
    NOI $587,347 @ 7.0% cap · market cap 7.58%
    Second Best
    Industrial
    $7.47M
    $6.53M – $8.71M (±1% cap)
    NOI $522,652 @ 7.0% cap · market cap 6.74%
    Theoretical Best
    Office A
    $16.43M
    $14.38M – $19.17M (±1% cap)
    NOI $1,150,085 @ 7.0% cap · market cap 14.84%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Placer
    State
    California
    Longitude
    -121.093
    Latitude
    38.9506

    Nearby Similar for Sale

    • $184,000
      1,571 SF

      Hangar at Auburn Municipal Airport

      Hangar with parking, power, and generator at Auburn Airport.
      Hangar #75 New Airport RD, AUBURN, CA 95602
      View Details
    • $865,000

      Prime Commercial Property in Auburn

      Commercial property in Auburn, CA, with ample parking.
      1111 High Street, Auburn, CA, 95603
      View Details
    • $2,295,000
      2,980 SF

      Retail Investment Opportunity in Auburn

      Two-tenant retail property with Starbucks in Auburn, California.
      10005-07 Combie Rd, Auburn, CA 95602
      View Details
    • $8,200,000
      31,246 SF

      Fully Leased Auburn Office Building

      Two-story, 31,246 SF Class A office building for sale.
      470 Nevada Street, Auburn, CA, 95603
      View Details
    • $630,450
      2,802 SF

      Commercial Property in Auburn, CA

      Commercial property in Auburn with high visibility and traffic flow.
      13620 Lincoln Way, Ste. 320, Auburn, CA 95603
      View Details
    • $850,000
      3,642 SF

      Retail/Office Buildings with Yard

      Two buildings with yard area, potential for owner-user or auto sales.
      4026-4044 Grass Valley Hwy, Auburn, CA 95602
      View Details
    • $347,000

      Commercial Property in Auburn, CA

      Commercial property for sale in Auburn, California.
      201 Sacramento Street, Auburn, CA 95603
      View Details
    • $3,418,803
      978 SF

      7-Eleven NNN Lease Opportunity

      NNN leased 7-Eleven with fuel, corporate guaranty, and freeway access.
      401 Grass Valley Hwy, Auburn, CA
      View Details
    • $2,295,000
      2,980 SF

      Auburn Retail Investment Opportunity

      Net leased investment property with Starbucks and El Agave.
      10005 Combie Rd, Auburn, CA 95602
      View Details
    • Contact for pricing
      17,654 SF

      Two-Story Auburn Office Building

      Two-story office building built in 2007, fully leased.
      500 Auburn Folsom Road, Auburn, CA, 95603
      View Details
    • $649,000
      2,800 SF

      Downtown Auburn Commercial Space For Sale

      Prime commercial space in Downtown Auburn with high visibility.
      839 Lincoln Way, Auburn, CA, 95603
      View Details
    • $650,000

      Auburn Flex/Industrial Space For Sale

      Flex/Industrial property available for purchase in Auburn, California.
      387 Nevada St, Auburn, CA
      View Details

    FAQs

    What type of property is this?
    Industrial property - Fully leased industrial park near Hwy 49, completed in 2024.
    Where is this industrial property located?
    The property is located at 12335 Locksley Ln Auburn, CA.
    What is the asking price?
    The asking price for this property is $7,750,000.
    What are key features of this property?
    This property features: Fully Leased Industrial Investment; New Build Construction, completed in 2024; Located near Hwy 49 on Locksley Lane
    (916) 677-8127
    We can help!
    Listing Contact
    Jason Huntoon
    Jason Huntoon
    Real Estate License ID: CalDRE #02109361
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12335 Locksley Ln, Auburn, CA 95602
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!