3-Unit Industrial
545 Searls Avenue, Nevada City, CA 95959
For Sale
Contact for pricing
Delivered vacant, the property offers three separately accessed spaces with dedicated HVAC and mechanical yards.
Property Size9,456 SF
Lot Size1.08 Acres
Price / SF$179.99
Days on Market33
Property Features for 545 Searls Avenue
General Information
Standard status
Size
Lot size
Property subtype
Warehouse & Industrial
Mezzanine
Drive-In Doors
Power
Voltage
Three-Phase Power
Heavy Power
Sprinkler System
Additional Details
Asking Price
Outdoor Storage
Property Use
Building Details
Year Renovated
Buildings
Building Size
Listing Agency:
Tucker Commercial
Listed By:
Tyson Tucker · License #01804034
(530) 272-7222
Source:
Crexi
Added: Oct 8
Changed: Nov 8
Last Checked: Nov 8 at 2:29PM
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 Tucker Commercial
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Investment Insights
Based on property information with market context.
Redeveloped in 2016, this industrial building contains 9,456 square feet across three units on a 1.08-acre parcel. Each unit has a separate entrance, a 10' x 10' roll-up door, dedicated HVAC, and a mechanical yard. The 4,500-square-foot unit includes a 1,137-square-foot mezzanine and was framed for laboratory use, with 400 amps and rough electrical work completed. The other two spaces are in shell condition with restroom stub-outs.
Building infrastructure includes 1,200 amps of three-phase power at 480 volts, fire sprinklers throughout, a dedicated riser room, and a completed ADA path of travel. Yard space is located behind the building. The property is at 545 Searls Avenue in Nevada City, California.
Building infrastructure includes 1,200 amps of three-phase power at 480 volts, fire sprinklers throughout, a dedicated riser room, and a completed ADA path of travel. Yard space is located behind the building. The property is at 545 Searls Avenue in Nevada City, California.
Key Highlights
- 9,456‑square‑foot industrial building on a 1.08‑acre parcel
- Three units: 2,089, 4,500, and 2,867 square feet
- Each unit has a separate entrance, 10' x 10' roll‑up door, and dedicated HVAC and mechanical yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,234
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,744,680
$1.7M
Cap Rate 7%
$1,246,200
$1.2M
Cap Rate 9%
$969,267
$969.3K
Market Conditions
NOI Build-Up for 9,456 SF
Gross rent
$130.5K $13.80/SF
− Vacancy
−$5.9K −$0.62/SF
EGI
$124.6K $13.18/SF
− OpEx
−$37.4K −$3.95/SF
NOI
$87.2K $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 Rate 5%
$1,744,680
Cap Rate 7%
$1,246,200
Cap Rate 9%
$969,267
Alternative Uses
Best Use
Industrial
$1.25M
$1.09M – $1.45M
NOI $87,234 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.38M
$2.96M – $3.94M
NOI $236,649 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
3
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
677
Businesses Nearby
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Business Placement
Demographics for 95959, CA
18,621
Population
8,840
Households
2.1
Avg Household Size
53
Median Age
45%
College-Educated
96%
High-School Grad
311.9 sq mi
ZIP Area
60
Density / Sq Mi
$79,509
Median Household Income
$36,160
Median Earnings
$1,715
Median Rent
$603,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Industrial property - Delivered vacant, the property offers three separately accessed spaces with dedicated HVAC and mechanical yards.
Where is this industrial property located?
The property is located at 545 Searls Avenue Nevada City, CA.
What is the asking price?
The asking price for this property is $1,702,000.
What are key features of this property?
This property features: 9,456‑square‑foot industrial building on a 1.08‑acre parcel; Three units: 2,089, 4,500, and 2,867 square feet; Each unit has a separate entrance, 10' x 10' roll‑up door, and dedicated HVAC and mechanical yard
