Flexible Two-Story Industrial
For Sale
$2,700,000
848 Gold Flat Road Nevada, Nevada City, CA 95959
Steel-frame flex space supports office, assembly, light manufacturing, laboratory, and studio uses with adaptable interior planning.
Property Size25,000 SF
Lot Size7.71 Acres
Price / SF$108
Days on Market193
Property Features for 848 Gold Flat Road Nevada
General Information
Standard status
Active
Size
25,000 SF
Lot size
7.71 Acres
Property subtype
Industrial
Occupancy
10%
Additional Details
Highway Access
Yes
Building Details
Building Size
25,000 SF
Year Built
1985
Buildings
1
Stories
2
Construction
steel-frame
Tenancy
Single
Properties For Sale
at 848 Gold Flat Road Nevada Contact us- Size
- 25,000 SF
- Lease Type
- NNN
848 Gold Flat Rd
Listing Agency:
Sperry Commercial Global Affiliates - Highland Commercial
(530) 470-1470
Listed By:
Lock Richards · License #CA 01302767
(530) 470-1470
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 7:47PM
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 Sperry Commercial Global Affiliates - Highland Commercial
Investment Insights
Based on property information with market context.
This two-story flex property provides 25,000 SF in a steel-frame building on 7.71 acres. Movable partition walls and limited vertical columns support reconfiguration across office, light manufacturing and assembly, R&D and laboratory, studio, and cabinet shop applications. Approximately 23,000 SF is currently available, with the full building potentially deliverable following 6 months’ notice. Space options range from 1,500 to 25,000 square feet.
Zoning supports a range of employment-oriented uses. The site also contains two additional pad areas on either side of the existing building that were formerly planned for 48,000 SF of additional development and related parking. The property is set in a forested setting approximately 1/2 mile from Highways 49&20 and within walking distance of Pioneer Park in Nevada City.
Zoning supports a range of employment-oriented uses. The site also contains two additional pad areas on either side of the existing building that were formerly planned for 48,000 SF of additional development and related parking. The property is set in a forested setting approximately 1/2 mile from Highways 49&20 and within walking distance of Pioneer Park in Nevada City.
Key Highlights
- 25,000 SF two‑story steel‑frame flex building on a 7.71 acre site
- Approximately 23,000 SF available; entire building possible with 6 months’ notice
- Movable partition walls and minimal vertical columns support flexible space planning
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
$230,632
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
8.54%
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%
$4,612,640
$4.6M
Cap Rate 7%
$3,294,743
$3.3M
Cap Rate 9%
$2,562,578
$2.6M
Market Conditions
NOI Build-Up for 25,000 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
$345.0K $13.80/SF
− Vacancy
−$15.5K −$0.62/SF
EGI
$329.5K $13.18/SF
− OpEx
−$98.8K −$3.95/SF
NOI
$230.6K $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%
$4,612,640
Cap Rate 7%
$3,294,743
Cap Rate 9%
$2,562,578
Alternative Uses
Best Use
Flex RnD
$7.75M
$6.78M – $9.04M
NOI $542,237 @ 7.0% cap · market cap 20.08%
Second Best
Industrial
$3.29M
$2.88M – $3.84M
NOI $230,632 @ 7.0% cap · market cap 8.54%
Theoretical Best
Specialty Retail
$8.94M
$7.82M – $10.43M
NOI $625,658 @ 7.0% cap · market cap 23.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
10%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Way Yum Sushi — 570 Searls Ave, Nevada City, CA 95959
Frequently Asked Questions
What type of property is this?
Flex space - Steel-frame flex space supports office, assembly, light manufacturing, laboratory, and studio uses with adaptable interior planning.
Where is this flex space located?
The property is located at 848 Gold Flat Road Nevada Nevada City, CA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 25,000 SF two‑story steel‑frame flex building on a 7.71 acre site; Approximately 23,000 SF available; entire building possible with 6 months’ notice; Movable partition walls and minimal vertical columns support flexible space planning
