Freestanding Restaurant
For Sale
Contact for pricing
2075 Nevada City Hwy, Grass Valley, CA 95945
Freestanding restaurant building on a 0.90-acre parcel with an existing tenant and a lease expiring Aug 31, 2030.
Property Size4,203 SF
Price / SF$405.66
Days on Market243
Property Features for 2075 Nevada City Hwy
General Information
Standard status
Active
Size
4,203 SF
Property subtype
RETAIL
Listing Agency:
ALIVE Commercial Real Estate
(916) 885-4200
Listed By:
Patrick Follett · License #01796180
(916) 871-2269
Source:
Moodyscre
Added: Jan 13
Changed: Aug 13
Last Checked: Sep 12 at 11:44AM
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 ALIVE Commercial Real Estate
Investment Insights
Based on property information with market context.
The property is a freestanding retail building currently operated as a Lumberjack’s Restaurant. The building totals 4,203 SF on an oversized 0.90-acre parcel per public records. The current tenant has been in place since 2010, with a lease expiring August 31, 2030 and no options remaining. Reported net operating income is $91,945.08, reflecting an in-place rental rate of $1.82 PSF on an NNN basis.
The offering is located at 2075 Nevada City Hwy in Grass Valley, California. The property sits within a retail corridor, with additional nearby retailers listed including Save Mart, McDonald’s, Tractor Supply, Dutch Bros Coffee, Quick Quack Car Wash, Dollar General, Safeway, and Grocery Outlet. The remarks also note an adjacent Sherwin Williams new construction with an in-place rental rate of $3.60 PSF on an NNN basis.
This is an NNN investment with in-place income tied to the existing lease term through August 31, 2030.
The offering is located at 2075 Nevada City Hwy in Grass Valley, California. The property sits within a retail corridor, with additional nearby retailers listed including Save Mart, McDonald’s, Tractor Supply, Dutch Bros Coffee, Quick Quack Car Wash, Dollar General, Safeway, and Grocery Outlet. The remarks also note an adjacent Sherwin Williams new construction with an in-place rental rate of $3.60 PSF on an NNN basis.
This is an NNN investment with in-place income tied to the existing lease term through August 31, 2030.
Key Highlights
- Freestanding commercial retail building offering 4,203 SF on a 0.90‑acre parcel (per public records)
- Current tenant operating since 2010 with a lease expiring August 31, 2030; no options remaining
- NOI of $91,945.08 with an in‑place rent of $1.82 PSF on a NNN basis
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
$105,186
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
6.17%
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%
$2,103,720
$2.1M
Cap Rate 7%
$1,502,657
$1.5M
Cap Rate 9%
$1,168,733
$1.2M
Market Conditions
NOI Build-Up for 4,203 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
$156.4K $37.20/SF
− Vacancy
−$16.1K −$3.83/SF
EGI
$140.2K $33.37/SF
− OpEx
−$35.1K −$8.34/SF
NOI
$105.2K $25.03/SF
Area
Nevada County, CA
Vacancy
10.30%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
25.00%
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%
$2,103,720
Cap Rate 7%
$1,502,657
Cap Rate 9%
$1,168,733
Alternative Uses
Best Use
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $105,186 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
902
Businesses Nearby
289k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Groceries 27%
Shops & Services 26%
Home Improvements & Furnishings 6%
Safeway
Groceries
50,058 visits/mo
0.4 miles
McDonald's
Dining
30,188 visits/mo
0.2 miles
Save Mart
Groceries
27,139 visits/mo
0.1 miles
Wendy's
Dining
17,472 visits/mo
0.3 miles
Dutch Bros. Coffee
Dining
16,557 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant building on a 0.90-acre parcel with an existing tenant and a lease expiring Aug 31, 2030.
Where is this conventional restaurant located?
The property is located at 2075 Nevada City Hwy Grass Valley, CA.
What is the asking price?
The asking price for this property is $1,705,000.
What are key features of this property?
This property features: Freestanding commercial retail building offering 4,203 SF on a 0.90‑acre parcel (per public records); Current tenant operating since 2010 with a lease expiring August 31, 2030; no options remaining; NOI of $91,945.08 with an in‑place rent of $1.82 PSF on a NNN basis
