Multi-Tenant Office
470 Nevada St Auburn, CA 95603
470 Nevada St, Auburn, CA, 95603
Contact for pricing
For Sale
Contact for pricing
Two established office tenants include Nitrogen and Ameriprise Financial with long-term occupancy.
Property Size31,246 SF
Price / SF$262.43
Days on Market72
Property Features for 470 Nevada St
General Information
- Standard status
- Active
- Size
- 31,246 SF
- Property subtype
- OFFICE
Listing agency
CBRE | Roseville
(916) 781-4868
Listed by
Shana Lennon · License #01446203
(916) 781-4868
Source
Moodyscre
Added: May 12 Updated: Jul 20 at 6:22PM Checked: Jul 20 at 6:22PM
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 CBRE | Roseville
Investment Insights
Based on property information with market context.
This multi-tenant office building includes two major occupants: Nitrogen, occupying 27,340 square feet and in the building for 8 years, and Ameriprise Financial, occupying 3,906 square feet and in the building for 10 years. The property is currently configured to support these existing tenant spaces.
The building is located at 470 Nevada St in Auburn, California.
For buyers considering an office investment, the current tenancy reflects a stabilizing, long-term occupancy profile anchored by these two primary tenants.
The building is located at 470 Nevada St in Auburn, California.
For buyers considering an office investment, the current tenancy reflects a stabilizing, long-term occupancy profile anchored by these two primary tenants.
Key Highlights
- Two major tenants: Nitrogen (27,340 SF) and Ameriprise Financial (3,906 SF)
- Long‑term occupancy: Nitrogen has been in place 8 years and Ameriprise Financial 10 years
- Offered at $8,200,000 ($262/SF) with a stated 7.2% cap rate
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 | $1.11M | $35.52 |
| − Vacancy | −$157.6k | −$5.04 |
| EGI | $952.3k | $30.48 |
| − OpEx | −$238.1k | −$7.62 |
| NOI | $714.2k | $22.86 |
31,246 SF · lease $35.52/SF/yr · vacancy 14.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$10.20M
$8.93M – $11.90M
NOI $714,194 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.10M
$10.58M – $14.11M
NOI $846,738 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Nitrogen
(Bike/Boat/Book/etc) Store
HR Ledger, Inc.
Accounting Firm
Barber Kenes Retirement ...
Financial Advisor
Clare Hiatt - Financial ...
Financial Advisor
David L Odom ...
Financial Advisor
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FAQs
What type of property is this?
Office building - Two established office tenants include Nitrogen and Ameriprise Financial with long-term occupancy.
Where is this office building located?
The property is located at 470 Nevada St Auburn, CA.
What is the asking price?
The asking price for this property is $8,200,000.
What are key features of this property?
This property features: Two major tenants: Nitrogen (27,340 SF) and Ameriprise Financial (3,906 SF); Long‑term occupancy: Nitrogen has been in place 8 years and Ameriprise Financial 10 years; Offered at $8,200,000 ($262/SF) with a stated 7.2% cap rate
