Three-Tenant NNN Industrial
For Sale
Contact for pricing
13199 Nevada City Ave, Grass Valley, CA 95945
Light Industrial zoning accompanies a multi-tenant warehouse with NNN leases.
Property Size19,600 SF
Price / SF$124.74
Days on Market202
Property Features for 13199 Nevada City Ave
General Information
Standard status
Active
Size
19,600 SF
Class
B
Property subtype
Industrial
Zoning
Light Industrail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$146,700
Building Details
Units
3
Tenancy
Multi
Listing Agency:
Kidder Mathews Sacramento
(916) 970-9700
Listed By:
Jim Dennis · License #CA 01017477
Source:
Crexi
Added: Feb 9
Changed: Aug 30
Last Checked: Aug 30 at 10:17AM
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 Kidder Mathews Sacramento
Investment Insights
Based on property information with market context.
The property is a 19,600-square-foot industrial building in Grass Valley, California. The asset is configured for three tenants and is subject to NNN lease arrangements, providing an established multi-tenant operating structure.
Located at 13199 Nevada City Ave, the property carries Light Industrial zoning. Its warehouse format and existing lease configuration distinguish it as an industrial investment property with multiple occupants.
Located at 13199 Nevada City Ave, the property carries Light Industrial zoning. Its warehouse format and existing lease configuration distinguish it as an industrial investment property with multiple occupants.
Key Highlights
- 19,600‑square‑foot industrial building
- Three‑tenant configuration
- NNN lease structure
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
$180,816
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
7.40%
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%
$3,616,320
$3.6M
Cap Rate 7%
$2,583,086
$2.6M
Cap Rate 9%
$2,009,067
$2.0M
Market Conditions
NOI Build-Up for 19,600 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
$270.5K $13.80/SF
− Vacancy
−$12.2K −$0.62/SF
EGI
$258.3K $13.18/SF
− OpEx
−$77.5K −$3.95/SF
NOI
$180.8K $9.23/SF
Area
Nevada County, CA
Vacancy
4.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$3,616,320
Cap Rate 7%
$2,583,086
Cap Rate 9%
$2,009,067
Alternative Uses
Best Use
Industrial
$2.58M
$2.26M – $3.01M
NOI $180,816 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.01M
$6.13M – $8.18M
NOI $490,515 @ 7.0% cap · market cap 20.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Light Industrial zoning accompanies a multi-tenant warehouse with NNN leases.
Where is this nnn property located?
The property is located at 13199 Nevada City Ave Grass Valley, CA.
What is the asking price?
The asking price for this property is $2,445,000.
What are key features of this property?
This property features: 19,600‑square‑foot industrial building; Three‑tenant configuration; NNN lease structure
