155 Spg Hl Dr, Unit 101, Grass Valley, CA 95945-5929
- Industrial properties
- 6,312 SF
- 0.14 lot acres
Current Use by Public Records
- Cassidy Stone ~ Beyond Mind Body ~ / Life Coach / Health Consultant
- Ramondino Stephen MD / Physician
- High Sierra Electronics, Inc. / Industrial Manufacturer / Production Facility
- Mackenzie Rose Midwifery / Medical Clinic
- Emery Jack / Physician
Property Details for 155 Spg Hl Dr
- Year built
- 2000
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.14 lot acres
- Property type
- Industrial properties
- APN
- 009-201-047-000
- APU
- 9201047000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 13, 2004 | $575,000 | Cinco S | 155 Spring Hill Drive Building | Grant Deed | $449k · Citizens Bk/nv Cnty |
| — | — | Cinco S | — | Deed Of Trust · related | $371k · Edf Resource Cap |
Description
This exceptional investment opportunity presents a 4,576 square foot industrial condominium unit in Grass Valley, California. Located at 155 Spring Hill Drive, Unit 4, this property boasts a desirable flex space configuration, encompassing high-bay warehouse/manufacturing space (approximately 4,424 square feet) featuring 26-foot ceilings and two large truck doors, and low-bay office/R&D space (approximately 9,152 square feet total, split evenly between ground and upper levels). The building, constructed in 2000 and featuring a new roof installed in 2021, sits on a 1.14-acre lot within a larger 23,000 square foot complex. Currently, the property is fully leased to three tenants, generating a substantial net operating income (NOI) of $54,000, representing a 7.73% cap rate. However, one tenant (occupying approximately 7,400 square feet) will vacate at the end of the year, presenting a unique opportunity for an owner-occupier to acquire a facility with existing rental income (approximately $6,700 per month from the remaining tenants) and potential for expansion. The property is zoned M-1 and benefits from its proximity to the upcoming Dorsey Marketplace Shopping Center and the planned extension of Spring Hill Drive to Dorsey Drive, promising future appreciation. The asking price is $699,000, or $153 per square foot. The property is part of a four-unit complex.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $752,000
Market price range: $320k - $1.11M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Grass Valley
- County
- Nevada
- State
- California
- Longitude
- -121.043
- Latitude
- 39.2249
- CBSA code
- 46020
- CBSA name
- TRUCKEE-GRASS VALLEY, CA MICROPOLITAN STATISTICAL AREA
