Block Garage with
708 W Broad St Nevada City, CA 95959
708 W Broad St, Nevada City, CA, 95959
$295,000
For Sale
$295,000
Well-built block garage/shop with office and tall roll-up door on a 0.23-acre R-2 zoned lot.
Property Size800 SF
Lot Size0.23 Acres
Price / SF$368.75
Days on Market260
Property Features for 708 W Broad St
General Information
- Standard status
- Active
- Size
- 800 SF
- Lot size
- 0.23 Acres
- Property subtype
- Land
Listing agency
keller williams realty
7659621
Listed by
Richard E Dumont
7659621
Source
Exprealty
Added: Nov 3, 2025 Updated: Jul 21 at 12:06PM Checked: Jul 21 at 12:06PM
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 keller williams realty
Investment Insights
Based on property information with market context.
This well-built block garage/shop includes an approximately 800+/- square foot garage/work area with an attached office portion. The office area features wood siding, and the property also has a tall roll-up door. Recent updates include newer paint, siding, and a comparatively newer composition roof.
The site is zoned R-2 and has historically been used for commercial enterprises, including a prior use as a martial arts training dojo (“The DOJO”). The current occupant is a towing business, and PG&E indicates the electric account is commercial. A flat open area beyond a boulder is described as Caltrans property.
Seller notes indicate PG&E shows that an electrical line needs to be moved and the electrical panel needs to be upgraded.
The site is zoned R-2 and has historically been used for commercial enterprises, including a prior use as a martial arts training dojo (“The DOJO”). The current occupant is a towing business, and PG&E indicates the electric account is commercial. A flat open area beyond a boulder is described as Caltrans property.
Seller notes indicate PG&E shows that an electrical line needs to be moved and the electrical panel needs to be upgraded.
Key Highlights
- Well‑built block garage/shop with office and tall roll‑up door on a 0.23‑acre lot zoned R‑2
- Approximately 800+/- SF garage/shop with office; wood siding on the office portion
- Newer paint, siding, and composition (comp) roof
Local Financial Insights For Retail
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 | $28.6k | $35.76 |
| − Vacancy | −$1.2k | −$1.54 |
| EGI | $27.4k | $34.22 |
| − OpEx | −$8.2k | −$10.27 |
| NOI | $19.2k | $23.96 |
800 SF · lease $35.76/SF/yr · vacancy 4.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$273.8K
$239.6K – $319.4K
NOI $19,164 @ 7.0% cap · market cap 6.50%
Second Best
Office B
$138.9K
$121.5K – $162.0K
NOI $9,720 @ 7.0% cap · market cap 3.29%
Theoretical Best
Specialty Retail
$286.0K
$250.3K – $333.7K
NOI $20,021 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Nevada City Auto Survice — Nevada City, CA 95959
FAQs
What type of property is this?
Auto shop - Well-built block garage/shop with office and tall roll-up door on a 0.23-acre R-2 zoned lot.
Where is this auto shop located?
The property is located at 708 W Broad St Nevada City, CA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Well‑built block garage/shop with office and tall roll‑up door on a 0.23‑acre lot zoned R‑2; Approximately 800+/- SF garage/shop with office; wood siding on the office portion; Newer paint, siding, and composition (comp) roof
