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    10124 Commercial Ave Penn Valley, CA 95946

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    10124 Commercial Ave Penn Valley, CA 95946

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    • Retail properties & Spaces
    • 15,097 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 10124 Commercial Ave

    Property size
    15,097 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    Gateway Center, located at 10124 Commercial Ave in Penn Valley, CA 95946, offers exceptional retail and office space within Nevada County. This multi-tenant property totals 15,097 square feet, with 1,615 square feet currently vacant. The available space is ideal for businesses seeking a presence in a thriving community. Two contiguous spaces are available, ranging from 1,440 to 1,615 square feet, providing flexibility for various business needs. The property's strategic location provides convenient access to the residents of the nearby Lake Wildwood gated community, boasting almost 3,000 homes situated in a picturesque, wooded setting on a large lake. This presents a unique opportunity to tap into a substantial and affluent customer base. The property is classified as both retail and traditional office space, making it suitable for a diverse range of businesses. The building's address is easily accessible and visible from Commercial Avenue, ensuring high visibility for your business. This prime location offers a blend of natural beauty and convenient access to a significant residential population, making it an attractive proposition for businesses seeking growth and stability. Inquire today to learn more about this exciting opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Penn Valley
    County
    Nevada
    State
    California
    Longitude
    -121.204
    Latitude
    39.2071

    Comparable in this City

    • Value Estimation by Request
      4,411 SF

      10067 Pleasant Valley Rd

      Automotive properties • 4,411 SF
      10067 Pleasant Valley Rd, Penn Valley, CA 95946
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    • Value Estimation by Request
      15,174 SF

      10138 Commercial Ave

      Office properties & Spaces • 15,174 SF
      10138 Commercial Ave, Penn Valley, CA 95946
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    • Value Estimation by Request
      1.56 Acres

      11354 Pleasant Vly Rd

      PROFESSIONAL BUILDING • 1.56 Acres
      11354 Pleasant Vly Rd, Penn Valley, CA 95946-9000
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    • Value Estimation by Request
      4,818 SF

      17328 Penn Vly Dr

      PROFESSIONAL BUILDING • 4,818 SF
      17328 Penn Vly Dr, Penn Valley, CA 95946-9764
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    • Value Estimation
      $1,725,000
      14,933 SF

      11240 Pleasant Vly Rd

      PROFESSIONAL BUILDING • 14,933 SF
      11240 Pleasant Vly Rd, Penn Valley, CA 95946-9413
      View Details
    • Value Estimation
      $830,000
      6,400 SF

      11282 Pleasant Vly Rd

      PROFESSIONAL BUILDING • 6,400 SF
      11282 Pleasant Vly Rd, Penn Valley, CA 95946-9413
      View Details

    Similar Nearby for Sale

    • $199,000

      13.59 Acres Usable Land

      13.59 acres of usable land with Highway 20 frontage.
      11838 Flying T Rd, Penn Valley, CA 95946
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    • Contact for pricing
      3,780 SF

      Established Bar and Grill For Sale

      Well-established bar and grill with liquor license in Penn Valley.
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    Similar Nearby for Lease

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      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
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    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces serving the Lake Wildwood community.
      10124 Commercial Ave, Penn Valley, CA 95946
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    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces serving the Lake Wildwood community.
      10138 Commercial Ave, Penn Valley, CA 95946
      View Details
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    10124 Commercial Ave
    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
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