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    10138 Commercial Ave Penn Valley, CA 95946
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    10138 Commercial Ave, Penn Valley, CA 95946

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    • Office Spaces
    • 15,174 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 10138 Commercial Ave

    Property type
    Office Spaces

    Description

    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.

    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
    39.2072

    Comparable in this City

    • Value Estimation by Request
      15,097 SF

      10124 Commercial Ave

      Office Spaces
      10124 Commercial Ave, Penn Valley, CA 95946
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    • Value Estimation by Request
      1.56 Acres

      11354 Pleasant Vly Rd

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

      11240 Pleasant Vly Rd

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

      11282 Pleasant Vly Rd

      PROFESSIONAL BUILDING
      11282 Pleasant Vly Rd, Penn Valley, CA 95946-9413
      View Details
    • Value Estimation
      $875,000
      5,958 SF

      17487 Penn Vly Dr

      PROFESSIONAL BUILDING
      17487 Penn Vly Dr, Penn Valley, CA 95946-8983
      View Details

    Similar Nearby for Sale

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      Turn-Key Automotive and Storage Facility

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    Similar Nearby for Lease

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      Retail and Office Space Available

      Retail and office spaces serving the Lake Wildwood community.
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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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      Retail and Office Space Available

      Retail and office spaces serving the Lake Wildwood community.
      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
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