Manufacturing Warehouse Near County
For Sale
$3,000,000
13355 Nevada City Ave, Grass Valley, CA 95945
29,000 SF manufacturing warehouse near Nevada County Airport.
Property Size29,000 SF
Price / SF$103.45
Days on Market264
Property Features for 13355 Nevada City Ave
General Information
Standard status
Active
Size
29,000 SF
Class
C
Property subtype
Industrial
Building Details
Building Size
29,000 SF
Year Built
2000
Listing Agency:
TRI Commercial | Roseville
(916) 416-6658
Listed By:
Jason Huntoon · License #CalDRE #02109361
(916) 416-6658
Source:
Tricommercial
Added: Nov 21, 2025
Changed: Aug 11
Last Checked: May 19 at 10:15PM
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 TRI Commercial | Roseville
Investment Insights
Based on property information with market context.
The property at 13355 Nevada City Ave is a manufacturing warehouse with approximately 29,000 square feet of space. The building, constructed with an insulated metal shed, features five dock doors and one grade-level door, complemented by a 16-foot clear height. Zoned for light industrial use, the property includes a clean room and a second-story office space. The property is located near the Nevada County Airport, situated on the corner of Charles Dr and Nevada City Ave. The property includes a large conference room, mezzanine storage, and is located on a 2.82 acre parcel that allows for potential yard space.
Key Highlights
- ±29,000 SF Manufacturing Warehouse
- 2.82 Acre Parcel for Potential Yard
- Close Proximity to the Nevada County Airport
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
$267,534
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
8.92%
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%
$5,350,680
$5.4M
Cap Rate 7%
$3,821,914
$3.8M
Cap Rate 9%
$2,972,600
$3.0M
Market Conditions
NOI Build-Up for 29,000 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
$400.2K $13.80/SF
− Vacancy
−$18.0K −$0.62/SF
EGI
$382.2K $13.18/SF
− OpEx
−$114.7K −$3.95/SF
NOI
$267.5K $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%
$5,350,680
Cap Rate 7%
$3,821,914
Cap Rate 9%
$2,972,600
Alternative Uses
Best Use
Warehouse
$4.34M
$3.79M – $5.06M
NOI $303,491 @ 7.0% cap · market cap 10.12%
Second Best
Industrial
$3.82M
$3.34M – $4.46M
NOI $267,534 @ 7.0% cap · market cap 8.92%
Theoretical Best
Specialty Retail
$10.37M
$9.07M – $12.10M
NOI $725,763 @ 7.0% cap · market cap 24.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
265
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
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 29,000 SF manufacturing warehouse near Nevada County Airport.
Where is this manufacturing property located?
The property is located at 13355 Nevada City Ave Grass Valley, CA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: ±29,000 SF Manufacturing Warehouse; 2.82 Acre Parcel for Potential Yard; Close Proximity to the Nevada County Airport
