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Property profile & analytics
OFF-MARKET
Airport retail

18885 Norlene Way Grass Valley, CA 95949

1,360 SF 0.74 ac lot Built 2004
Property ID
US09-0393680
Property summary
AI-generated overview

This exceptional property offers a unique opportunity to own a 1,360 square foot hangar situated on a 0.74-acre lot at the Alta Sierra Airpark (09CL) in Grass Valley, California. Built in 2004, the hangar features 40x34 dimensions and Schweiss bi-fold doors. The property boasts a 3-bedroom septic system already installed, with water and power readily available. Enjoy convenient road access via Sargent Sky Way. The lot offers a desirable southern exposure and stunning local views. This is one of the last available lots in this prime location, perfect for building a new home (minimum 1300 sq ft permitted). The airpark features a 2800-foot long, 50-foot wide runway (FAA Identifier: 09CL, Radio Frequency 122.9 MHZ). The property is zoned for residential use and presents an incredible opportunity for commuter pilots or anyone seeking a unique lifestyle with easy access to outdoor recreation. Seller financing options are available. This is a rare chance to own a piece of the beautiful Gold Country, minutes from downtown Grass Valley, golf courses, rivers, hiking trails, and within 90 minutes of Lake Tahoe and skiing. The asking price is $275,000. APN: 024-250-003-000.

Property profile
Verified
Property type Airport retail
Year built 2004
Total area 1,360 SF
Lot 0.74 ac (32,234 SF)
APN 024-250-003-000
UPID US09-0393680
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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