Grass Valley Industrial/Manufacturing
For Sale
Contact for pricing
22525 Kingston Ln, Grass Valley, CA 95949
Industrial/Manufacturing property on 5.1 acres near residential development.
Property Size18,000 SF
Lot Size5.10 Acres
Price / SF$108.33
Days on Market714
Property Features for 22525 Kingston Ln
General Information
Standard status
Active
Size
18,000 SF
Class
B
Lot size
5.10 Acres
Property subtype
Industrial, Retail
Zoning
BP
Building Details
Year Built
1975
Listing Agency:
Marcus & Millichap - Sacramento
Listed By:
Ross Relles, III · License #01975497
Source:
Crexi
Added: Aug 27, 2024
Changed: Aug 10
Last Checked: May 13 at 8:26PM
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 Marcus & Millichap - Sacramento
Investment Insights
Based on property information with market context.
Located in Grass Valley, Northern California, the property at 22525 Kingston Lane includes a ±5.1 acre lot zoned for Light Industrial use. The main building encompasses ±14,000 square feet and is currently utilized for metal design, fabrication, and powder coating. An additional ±4,000 square foot metal-framed building is also present on the property. An adjoining ±11 acre parcel zoned residential is available as well. The property is within walking distance of the Lake of the Pines community housing development. The total property size is 18,000 square feet.
Key Highlights
- ±14,000 SF main building currently used for metal design, fabrication, and powder coating.
- ±5.1 acre lot zoned Light Industrial.
- Adjoining ±11 acre residential parcel available.
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
$166,055
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
8.52%
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%
$3,321,100
$3.3M
Cap Rate 7%
$2,372,214
$2.4M
Cap Rate 9%
$1,845,056
$1.8M
Market Conditions
NOI Build-Up for 18,000 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
$248.4K $13.80/SF
− Vacancy
−$11.2K −$0.62/SF
EGI
$237.2K $13.18/SF
− OpEx
−$71.2K −$3.95/SF
NOI
$166.1K $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%
$3,321,100
Cap Rate 7%
$2,372,214
Cap Rate 9%
$1,845,056
Alternative Uses
Best Use
Industrial
$2.37M
$2.08M – $2.77M
NOI $166,055 @ 7.0% cap · market cap 8.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.44M
$5.63M – $7.51M
NOI $450,473 @ 7.0% cap · market cap 23.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Explore this area
Business Placement
Demographics for 95949, CA
20,720
Population
8,644
Households
2.4
Avg Household Size
52
Median Age
32%
College-Educated
96%
High-School Grad
136.9 sq mi
ZIP Area
151
Density / Sq Mi
$90,309
Median Household Income
$40,553
Median Earnings
$1,827
Median Rent
$551,700
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?
Manufacturing property - Industrial/Manufacturing property on 5.1 acres near residential development.
Where is this manufacturing property located?
The property is located at 22525 Kingston Ln Grass Valley, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: ±14,000 SF main building currently used for metal design, fabrication, and powder coating.; ±5.1 acre lot zoned Light Industrial.; Adjoining ±11 acre residential parcel available.
