Fully Leased Auburn Office
470 Nevada Street Auburn, CA 95603
470 Nevada Street, Auburn, CA, 95603
$8,200,000
Pending
For Sale
$8,200,000
Pending
Two-story, 31,246 SF Class A office building for sale.
Property Size31,246 SF
Lot Size1.32 Acres
Days on Market120
Property Features for 470 Nevada Street
General Information
- Standard status
- Pending
- Size
- 31,246 SF
- Lot size
- 1.32 Acres
- Property subtype
- Office
Listing agency
CBRE | Roseville
(916) 781-4868
Listed by
Shana Lennon · License #01446203
(916) 781-4868
Source
Cbre
Added: Mar 25 Updated: Jul 6 at 12:47PM Checked: Jul 22 at 4:31AM
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 CBRE | Roseville
Investment Insights
Based on property information with market context.
Located in Auburn, California, 470 Nevada Street is a fully leased, two-story Class A office building. The building contains 31,246 square feet and is part of a three-building complex situated on 1.32 acres. The property is meticulously maintained and features a warranted new roof scheduled for May 2025. The building has two major tenants: Nitrogen, occupying 27,340 square feet and has been in the building for 8 years, and Ameriprise Financial, occupying 3,906 square feet and has been in the building for 10 years. Auburn, the county seat of Placer County, is located northeast of Sacramento and southwest of Lake Tahoe, in the foothills of the Sierra Nevada mountain range. The city is on the edge of the Auburn State Recreation Area and overlooks the American River Canyon.
Key Highlights
- Fully leased Class A office building providing immediate income.
- Attractive 7.2% cap rate at a price of $8,200,000 ($262 psf).
- Warranted new roof (May 2025) ensuring long‑term durability.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.11M | $35.52 |
| − Vacancy | −$157.6k | −$5.04 |
| EGI | $952.3k | $30.48 |
| − OpEx | −$238.1k | −$7.62 |
| NOI | $714.2k | $22.86 |
31,246 SF · lease $35.52/SF/yr · vacancy 14.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$10.20M
$8.93M – $11.90M
NOI $714,194 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.10M
$10.58M – $14.11M
NOI $846,738 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Nitrogen
(Bike/Boat/Book/etc) Store
HR Ledger, Inc.
Accounting Firm
Barber Kenes Retirement ...
Financial Advisor
Clare Hiatt - Financial ...
Financial Advisor
David L Odom ...
Financial Advisor
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FAQs
What type of property is this?
Office building - Two-story, 31,246 SF Class A office building for sale.
Where is this office building located?
The property is located at 470 Nevada Street Auburn, CA.
What is the asking price?
The asking price for this property is $8,200,000.
What are key features of this property?
This property features: Fully leased Class A office building providing immediate income.; Attractive 7.2% cap rate at a price of $8,200,000 ($262 psf).; Warranted new roof (May 2025) ensuring long‑term durability.
