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Property profile & analytics
OFF-MARKET
Warehouses
13024 Bitney Spgs Rd Nevada City, CA 95959-9017
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-3159685
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Lot
31.41 ac (1,368,219 SF)
Zoning code
I
APN
052-050-030-000
UPID
US09-3159685
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Raven Springs LLC · 5 yrs held
Raven Springs LLC
since 2021
7 recorded transactions
Zoning & alternative use
I · Nevada City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Nevada City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nevada City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$7,927
Tax year 2024
Assessed value
$1,054,761
Assessed 2024
Previous assessed
$1,054,761
+0.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$386,858
Assessed improvement
$667,903
Applied tax rate
62.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Cooling
CENTRAL
Units
4
Lot
31.41 ac (1,368,219 SF)
Zoning code
I
APN
052-050-030-000
UPID
US09-3159685
Jurisdiction
NEVADA
Zoning & alternative use
I · Nevada City, CA
Zoning I · permitted uses
I · Nevada City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nevada City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Units
4
Lot
31.41 ac
Current owner
From public records · entity-resolved
Raven Springs LLC
Entity
Mailing address
13024 BITNEY SPGS RD, NEVADA CITY, CA 95959-9017
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2024
—
Raven Springs LLC
—
Deed
related
$470,000 · Tri Counties Bank
Aug 31, 2021
—
Raven Springs LLC
—
Deed
related
$2,210,000 · Tri Counties Bank
Jul 14, 2021
—
Raven Springs LLC
Lee Bronson
Quit Claim Deed
related
—
Mar 3, 2021
—
Lee Bronson
Raven Springs LLC
Correction Deed
related
—
Aug 6, 2020
—
Raven Springs LLC
Nevada City School Of The Arts
Grant Deed
—
Aug 21, 2019
—
Nevada City School Of The Arts
—
Deed
related
$250,000 · Tri Counties Bank
Dec 6, 2016
—
Nevada City School Of The Arts
—
Deed Of Trust
related
$744,000 · Tri Counties Bank
Sep 30, 2016
$1,200,000
Nevada City School Of The Arts
Serra Corp
Grant Deed
$1,040,000 · Serra Corp
Dec 29, 2011
$6,300,000
Serra Corp
Bitney Springs LLC
Grant Deed
—
Jul 1, 1999
—
Bitney Springs LLC
La Canada Holding Co
Grant Deed
related
—
—
—
Nevada City School Of The Arts
—
Deed Of Trust
related
$200,000 · Tri Counties Bank
—
—
Nevada City School Of The Arts
—
Deed Of Trust
related
$1,200,000 · Tri Counties Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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