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    Property profile & analytics

    2300 Nevada City Hwy Grass Valley, CA 95945

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2548944
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2300 Nevada City Hwy

    Property type
    Commercial real estate

    Description

    This exceptional 1-acre lot, situated at 2300 Nevada City Highway in Grass Valley, California (zip code 95945), presents a compelling commercial development opportunity. Priced at $250,000, this agricultural property offers significant potential for mixed-use development. Its location on a busy Grass Valley Highway ensures high visibility and accessibility. The property is conveniently located within walking distance of various shopping centers and restaurants, enhancing its appeal and potential for attracting customers. The land itself is largely level, with a gentle downslope towards the rear. Public sidewalks provide pedestrian access, further increasing its desirability. This prime location, combined with its size and accessibility, makes it an ideal site for a variety of commercial ventures. The property's zoning and permitted uses should be independently verified by prospective buyers to ensure alignment with their development plans. This is a rare opportunity to acquire a substantial parcel of land in a thriving California community, ready for your vision. Detailed site surveys and environmental assessments are recommended prior to any development plans.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Grass Valley
    County
    Nevada
    State
    California
    Longitude
    -121.037429
    Latitude
    39.241462

    Comparable in this City

    • $995,000
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      Grass Valley Multifamily Land

      3.12-Acre Residential Lot, R3 Zoning
      300 Dorsey Dr, Grass Valley, CA 95945
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    • $200,000
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      Grass Valley Commercial Land For Sale

      High-profile 0.4-acre commercial lot.
      438 Main St, Grass Valley, CA 95945
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    • $950,000
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      Grass Valley Commercial Land - $950K

      9.07 Acres, R3-PD Zoning, Development Potential
      10715 Brunswick Rd, Grass Valley, CA 95945
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    • $730,000
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      Grass Valley Corner Land Site

      5.91 acre corner lot in Grass Valley for sale.
      Lot 13 & 14 Southeast Cor Of Sierra College Dr And Rdg Rd, Grass Valley, CA 95945
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    • $2,900,000
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      Grass Valley Commercial Land - 31 Acres

      Prime 31-acre commercial land, ideal for development.
      11791 Ranchview Ct, Grass Valley, CA 95945
      View Details
    • $599,000
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      Grass Valley Commercial Property

      Live/Work Compound, 2106 SF, CA
      11269 Bennett Rd, Grass Valley, CA 95945
      View Details

    Similar Nearby for Sale

    • $995,000
      3.12 Acres

      Grass Valley Multifamily Land

      3.12-Acre Residential Lot, R3 Zoning
      300 Dorsey Dr, Grass Valley, CA 95945
      View Details
    • $350,000
      0.65 Acres

      Grass Valley Commercial Land - $350K

      .65-acre developable lot, 25 parking spaces.
      580 Brunswick Rd, Grass Valley, CA 95945
      View Details
    • $950,000
      9.07 Acres

      Grass Valley Commercial Land - $950K

      9.07 Acres, R3-PD Zoning, Development Potential
      10715 Brunswick Rd, Grass Valley, CA 95945
      View Details
    • $200,000
      0.40 Acres

      Grass Valley Commercial Land For Sale

      High-profile 0.4-acre commercial lot.
      438 Main St, Grass Valley, CA 95945
      View Details
    • $730,000
      5 SF

      Grass Valley Corner Land Site

      5.91 acre corner lot in Grass Valley for sale.
      Lot 13 & 14 Southeast Cor Of Sierra College Dr And Rdg Rd, Grass Valley, CA 95945
      View Details
    • $599,000
      2,106 SF

      Grass Valley Commercial Property

      Live/Work Compound, 2106 SF, CA
      11269 Bennett Rd, Grass Valley, CA 95945
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,440 SF

      Glenbrook Plaza Retail Space

      Retail space in a busy shopping center.
      562-688 Sutton Way, Grass Valley, CA 95945
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    • Contact for pricing
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      Nevada County Medical Office Space

      Prime Medical Office Suites Available Now
      448 Brunswick Rd, Grass Valley, CA 95945
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    • $21 SF/Yr
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      Grass Valley Executive Office Space

      Prime location, 2,756 sq ft available.
      1740 Main St, Grass Valley, CA 95945
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    • $16 SF/Yr
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      Grass Valley Office Space Available

      Prime Nevada County office suites, immediate occupancy.
      471 Sutton Way, Grass Valley, CA 95945
      View Details
    • $1.20 SF/Yr
      2,400 SF

      Commercial Condo Units For Lease

      Two commercial condo units totaling ±13,576 SF available for lease.
      155 Spring Hill Dr, Grass Valley, CA 95945
      View Details
    • $1.25 SF/Yr
      15,737 SF

      Prime Grass Valley Office Space

      Class A Office Suites, 648-11,313 sq ft
      350 Crown Point Cir, Grass Valley, CA 95945
      View Details
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    2300 Nevada City Hwy
    Grass Valley, CA 95945
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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
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