Historic Retail Live-Work
244 Commercial St Nevada City, CA 95959
244 Commercial St, Nevada City, CA, 95959
Contact for pricing
For Sale
Contact for pricing
Pending
Ground-floor storefront with upstairs loft and separate entrance on adjoining street; includes outdoor area.
Property Size4,000 SF
Days on Market272
Property Features for 244 Commercial St
General Information
- Standard status
- Pending
- Size
- 4,000 SF
- Property subtype
- Mixed Use
Listing agency
Nick Sadek Sotheby's International Realty
(916) 966-4444
Listed by
Nick Sadek · License #CA 00970410
Source
Crexi
Added: Oct 24, 2025 Updated: Jul 22 at 1:47PM Checked: Jul 22 at 1:47PM
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 Nick Sadek Sotheby's International Realty
Investment Insights
Based on property information with market context.
For sale: a historic retail live-work building totaling 4,000+ square feet, originally built by the Kelsey Brothers circa 1853. The beautifully preserved ground-floor storefront is currently home to JJ Jackson’s Home and Gift Store, and the business is sold separately. Upstairs, a nearly 2,000 square foot second-story loft provides additional living space and features its own entrance on the adjoining street.
The loft includes wide plank original wood floors and soaring ceilings, along with old iron shutters that open onto the street below. The offering also includes an outside area identified as lot 05-390-13.
Located at 244 Commercial St in the heart of Nevada City’s historic district, the property benefits from its storefront presence on Commercial Street.
The loft includes wide plank original wood floors and soaring ceilings, along with old iron shutters that open onto the street below. The offering also includes an outside area identified as lot 05-390-13.
Located at 244 Commercial St in the heart of Nevada City’s historic district, the property benefits from its storefront presence on Commercial Street.
Key Highlights
- 4,000+ SF commercial property on Commercial Street in Nevada City’s historic district
- Built circa 1853 by the Kelsey Brothers
- Ground‑floor storefront is home to JJ Jackson’s Home and Gift Store (business sold separately)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.4k | $21.60 |
| − Vacancy | −$21.6k | −$5.40 |
| EGI | $64.8k | $16.20 |
| − OpEx | −$16.2k | −$4.05 |
| NOI | $48.6k | $12.15 |
4,000 SF · lease $21.60/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.37M
$1.20M – $1.60M
NOI $95,822 @ 7.0% cap · market cap 10.71%
Second Best
Office B
$694.3K
$607.5K – $810.0K
NOI $48,600 @ 7.0% cap · market cap 5.43%
Theoretical Best
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $100,105 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Ground-floor storefront with upstairs loft and separate entrance on adjoining street; includes outdoor area.
Where is this live-work space located?
The property is located at 244 Commercial St Nevada City, CA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 4,000+ SF commercial property on Commercial Street in Nevada City’s historic district; Built circa 1853 by the Kelsey Brothers; Ground‑floor storefront is home to JJ Jackson’s Home and Gift Store (business sold separately)
