Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    355 Nevada St Auburn, CA 95603

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $15 SF/Yr ($18,980 /Mo)

    Versatile industrial space, Auburn, CA. Available Q4 2024.

    Lot size:
    14,600 SF

    Property Features for 355 Nevada St

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,600 SF
    Total Rate
    18980

    Spaces For Lease

    at 355 Nevada St, Auburn, CA 95603 Contact us
    Unit Suite 5

    $15 /Mo

    Size
    3,000 SF
    Contact us

    We can help!

    Listing Contact
    Shana Lennon

    Listing Agent: Shana Lennon

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 14,600 square foot industrial property in Auburn, Placer County, is ideally situated near I-80 and Highway 49, offering convenient access to major transportation routes. The building is comprised of five individual suites, each offering a minimum of 3,000 square feet of space, with a maximum contiguous space of 14,600 square feet. Currently, the entire 14,600 square feet is available for lease, making it suitable for a variety of uses. The property is part of a well-established area with a mix of office, retail, and industrial businesses. The building itself is an all-steel structure with a metal roof that underwent rust treatment and a full coating in 2020, ensuring durability and longevity. Further enhancing the building's functionality, the polycarbonate skylights were replaced in 2020, providing ample natural light. Each suite boasts convenient access with one three-foot personnel door and one 14-foot wide by 14-foot tall roll-up door. Adding to the property's appeal is a separate approximately 700 square foot shed available for lease, located within a secure, fenced area. This versatile space is perfect for storage or additional workspace needs. The property is ready for occupancy in the fourth quarter of 2024.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auburn Auto N ... Auto Repair Shop Auburn Small Engine ... Auto Repair Shop Auburn Auto Detail Car Wash Resharp Sharpening Service Auburn Auto Detailing ... Car Wash

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Placer
    State
    California
    Longitude
    -121.08286733024
    Latitude
    38.905978694843

    Nearby Similar for Lease

    • Contact for pricing
      1,874 SF

      Medical Office Space in Auburn

      Medical office space available in Auburn's medical hub.
      3123 Professional Dr, Auburn, CA 95603
      View Details
    • Contact for pricing
      1,874 SF

      Medical Office Space in Auburn

      Medical office space for lease near Sutter Auburn Faith Hospital.
      3133 Professional Dr, Auburn, CA 95603
      View Details
    • Contact for pricing
      2,084 SF

      Downtown Auburn Retail and Office

      Retail and office suites in historic downtown Auburn location.
      1031-1039 High St, Auburn, CA 95603
      View Details
    • Contact for pricing
      4,500 SF

      Retail Space in Old Town Auburn

      Retail spaces available in historic Old Town Auburn.
      130 Maple St, Auburn, CA 95603
      View Details
    • Contact for pricing
      1,454 SF

      Retail Space on Highway 49

      Retail space in a high-traffic shopping center.
      2775-2825 Grass Valley Hwy, Auburn, CA 95603
      View Details
    • $15 SF/Yr
      36,649 SF

      Auburn Office Space: 36,649 SF

      Prime Auburn office space, multiple suites available.
      11702 Enterprise Dr, Auburn, CA 95603
      View Details
    • $9 SF/Yr
      39,182 SF

      Historic Auburn Retail Space

      Prime downtown Auburn retail, multiple spaces available.
      605 High St, Auburn, CA 95603
      View Details
    • $1.35 SF/Yr
      18,609 SF

      Auburn Retail and Office Space

      Retail and office spaces available in a convenient Auburn location.
      11702 Enterprise Dr, Auburn, CA 95603
      View Details
    • $15 SF/Yr
      768 SF

      Auburn Retail Space - 768 SF

      Prime Auburn retail space, ideal for creative office. High visibility.
      173 Palm Ave, Auburn, CA 95603
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space with Highway Exposure

      Retail space in busy shopping center with highway access.
      342-370 Elm Ave, Auburn, CA 95603
      View Details
    • Contact for pricing
      881 SF

      Downtown Auburn Office Suites Available

      Recently remodeled office suites for lease in downtown Auburn.
      605-725 High St, Auburn, CA 95603
      View Details
    • Contact for pricing
      44,600 SF

      Available Retail Space in Auburn

      Large retail space with signage and loading dock.
      372 Elm Ave, Auburn, CA 95603
      View Details

    FAQs

    What type of property is this?
    Flex space - Versatile industrial space, Auburn, CA. Available Q4 2024.
    Where is this flex space located?
    The property is located at 355 Nevada St Auburn, CA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 700 SF secure, fenced shed available for lease.; All-steel building with a rust-treated, fully coated metal roof (2020).; Polycarbonate skylights replaced in 2020.
    (916) 781-4868
    Request Owner's contact information
    355 Nevada St Auburn, CA 95603
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    355 Nevada St
    Auburn, CA 95603
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    355 Nevada St Auburn, CA 95603
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Shana Lennon
    Real Estate License ID: 01446203
    (916) 781-4868 (530) 798-1273 (916) 781-2400
    Learn more
    Google sign-in failed. Please try again or use another login method.