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    10138 Commercial Ave Penn Valley, CA 95946

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    For Lease
    Contact for pricing

    Penn Valley Office Space Available

    Lot size:
    15,174 SF

    Property Features for 10138 Commercial Ave

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,174 SF
    Total Rate
    28678.86

    Building Details

    Stories
    2

    Spaces For Lease

    at 10138 Commercial Ave, Penn Valley, CA 95946 Contact us
    Unit 2nd Floor Suite 104

    $22 /Mo

    Size
    357 SF
    Contact us
    Unit 2nd Floor Suite 106

    $22 /Mo

    Size
    306 SF
    Contact us
    Unit 2nd Floor Suite 110

    $22 /Mo

    Size
    306 SF
    Contact us
    Unit 2nd Floor Suite 108

    $22 /Mo

    Size
    238 SF
    Contact us

    We can help!

    Listing Contact
    Joey Chiurazzi
    Joey Chiurazzi

    Listing Agency: Ethan Conrad Properties Listing Agent: Joey Chiurazzi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Gateway Center, located at 10138 Commercial Ave in Penn Valley, CA 95946, presents a prime opportunity for businesses seeking executive office space. This two-story building offers a total of 15,174 square feet, with a minimum divisible space of 210 square feet and a maximum contiguous space of 357 square feet. Currently, 2,095 square feet are vacant and available for lease. The property is ideally situated to serve the residents of the nearby Lake Wildwood gated community, boasting nearly 3,000 homes within a picturesque lakeside setting. This location provides excellent access to a substantial and affluent residential population. The building's classification as "Executive Office" suggests a high-quality finish and amenities suitable for professional businesses. The property is located in Nevada County, California, offering a blend of natural beauty and convenient access to local amenities. The address is easily accessible and provides ample visibility for businesses seeking a strong presence in the area. Interested parties should inquire about lease terms and available spaces. The building's multi-tenant structure allows for flexibility in space requirements, catering to both small and expanding businesses. This presents a unique opportunity to establish a presence in a thriving community with a strong residential base. The available space is ready for immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Penn Valley
    County
    Nevada
    State
    California
    Longitude
    -121.203754
    Latitude
    39.2071708

    Nearby Similar for Lease

    • Contact for pricing
      2,530 SF

      Retail and Office Space Available

      Prime location near Lake Wildwood and future Holiday Market.
      10118-10144 Commercial Ave, Penn Valley, CA 95946
      View Details
    • $19 SF/Yr
      15,097 SF

      Gateway Center: Penn Valley Office Space

      Prime Penn Valley office suites available.
      10124 Commercial Ave, Penn Valley, CA 95946
      View Details

    FAQs

    What type of property is this?
    Office property - Penn Valley Office Space Available
    Where is this office property located?
    The property is located at 10138 Commercial Ave Penn Valley, CA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Excellent access to Hwy 20.; Second-floor executive suites available.; Prime location near Lake Wildwood's upscale homes and golf course.
    (916) 779-1000 Call to check price and availability
    Request Owner's contact information
    10138 Commercial Ave Penn Valley, CA 95946
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    Penn Valley, CA 95946
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10138 Commercial Ave Penn Valley, CA 95946
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joey Chiurazzi
    Joey Chiurazzi
    Real Estate License ID: 02123466
    (916) 779-1000 (916) 996-5539
    Learn more
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