Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    390 - 392 Elm Avenue Auburn, CA 95603

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Spacious commercial property suitable for retail, office, or showroom.

    Type:Retail
    Property size:
    2,831 SF
    Added:
    Apr 1, 2026
    Days on Market:
    28
    Last Refresh:
    Apr 1 at 11:32 am

    Property Features for 390 - 392 Elm Avenue

    General Information

    Standard status
    Active
    Size
    2,831 SF
    Property subtype
    Retail

    Spaces For Lease

    at 390 - 392 Elm Avenue Contact us

    We can help!

    Listing Contact
    Chandler Eden

    Listing agent Chandler Eden

    Listing office Newmark | Sacramento

    Listing date Apr 1, 2026

    Source Nmrk

    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 Newmark | Sacramento

    Overview

    Commercial Property on Elm Avenue

    The commercial property at 390 - 392 Elm Avenue in Auburn, CA, offers 2831 square feet of space and is available for lease. The property is suitable for retail, office, or showroom use. It features large windows, a modern open layout, ample parking, and high visibility. The location provides convenient access to major roads.
    Location Intelligence

    Current Use by Public Records

    First Northern Advisors Financial Advisor First Northern Bank Bank

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon 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
    -121.0740471
    Latitude
    38.9039473

    Nearby Similar for Lease

    • $1.30 SF/Yr

      Steel Building with Roll-Up Door

      Steel building near I-80 and Highway 49 with skylights.
      355 Nevada Street, Auburn, CA, 95603
      View Details
    • $1.25 SF/Yr

      Auburn Office Space For Rent

      Office property in a vibrant business hub, Auburn, CA.
      12183 Locksley Lane, Auburn, CA, 95602
      View Details
    • $1.25 SF/Yr

      Office Space in Auburn, CA

      Office space for lease with highway access and signage.
      161 Palm Avenue, Auburn, CA, 95603
      View Details
    • $1.35 SF/Yr

      Neighborhood Center Retail and Office

      Retail and office spaces available in a neighborhood center.
      11702 Enterprise Drive, Auburn, CA, 95603
      View Details
    • $14 SF/Yr

      Auburn Industrial Spaces Available

      Industrial spaces for rent, ranging from 3,530 to 11,346 SqFt.
      11850 Kemper Rd, Auburn, CA 95603
      View Details
    • Contact for pricing

      Retail Space in Old Town

      Retail spaces available in historic Old Town Auburn.
      130 Maple St., Auburn, CA 95603
      View Details
    • $1.40 SF/Yr

      Office Space in Auburn Court

      Office space available for rent in Auburn, California.
      3250 Fortune Court, Auburn, CA, 95602
      View Details
    • $1.25 SF/Yr

      Auburn Office Space For Rent

      Second floor office space available off Highway 49.
      2556 Grass Valley Highway, Auburn, CA, 95603
      View Details
    • $1.25 SF/Yr

      Retail Space in Auburn, CA

      Retail space for lease with building signage and highway access.
      173 Palm Avenue, Auburn, CA, 95603
      View Details
    • Contact for pricing

      Executive Office Suites For Lease

      Executive office suites available near I-80 and Hwy 49.
      100 El Dorado St, Auburn, CA 95603
      View Details
    • Contact for pricing

      Retail Space in Old Town Auburn

      Retail spaces available in historic Old Town Auburn.
      130 Maple St., Auburn, CA 95603
      View Details
    • $1.35 SF/Yr

      Retail Space in Auburn

      Retail space with easy highway access and ample parking.
      11942 Masters Court, Auburn, CA, 95603
      View Details

    FAQs

    What type of property is this?
    Retail space - Spacious commercial property suitable for retail, office, or showroom.
    Where is this retail space located?
    The property is located at 390 - 392 Elm Avenue Auburn, CA.
    What are key features of this property?
    This property features: High visibility location; Ample parking available for customers and staff.; Modern open layout offering flexible space.
    (916) 920-4400
    We can help!
    Listing Contact
    Chandler Eden
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!