2391 Nevada City Hwy Grass Valley, CA 95945
Invest in prime commercial land in Grass Valley, California. This offering comprises 2.87 acres of C-2 zoned land, part of a four-lot development anchored by Tractor Supply Company, the largest rural lifestyle retail chain in the US. The property enjoys a high-traffic location in the Glenbrook/Brunswick Basin, Nevada County's busiest retail hub. Lots 1 & 2 are ideal for retail pad sites directly in front of Tractor Supply, while Lots 4 & 5 are suited for mixed-use development, including multi-family housing, hotels, medical facilities, or live/work spaces. A Buxton Report highlights over $200 million in annual regional retail sales leakage, underscoring the high demand in this supply-constrained market. The property boasts superb Nevada City Highway frontage, offering excellent visibility and accessibility. Individual lots range from 0.42 to 1.56 acres, and the potential exists to assemble additional available lots for larger-scale projects. This is a top-priority infill site in a thriving retail market with record-low housing inventory, presenting a unique opportunity for significant return on investment. The permitted zoning allows for a wide range of uses, including retail, hotels, mixed-use multi-family, schools, and offices.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.