Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    311 Nevada St Auburn, CA 95603-3703

    • Warehouses
    • 9,800 SF
    • 0.82 lot acres
    OFF-MARKET
    Last Sale
    Dec 28, 2023
    $890,000
    Value Estimations
    $810,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1449171
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Auburn Hardwoods / Lumber Store

    Property Details for 311 Nevada St

    Year built
    1978
    Construction
    TILT-UP CONCRETE
    Lot size
    0.82 lot acres
    Property size
    9,800 SF
    Zone code
    COM
    Property type
    Warehouses
    APN
    001-031-062-000
    APU
    1031062000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $800,000
      ML approach
      $695,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,298,000
      Market price range: $652k - $1.53M
      AI Estimate
      $716,000
      Market price range: $205k - $1.10M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Placer
    State
    California
    Longitude
    -121.083
    Latitude
    38.9045
    CBSA code
    40900
    CBSA name
    SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $191,833
    $988,358
    $1,180,191
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      15,827 SF

      12100 Enterprise Dr

      MINI-WAREHOUSE, STORAGE • 15,827 SF
      12100 Enterprise Dr, Auburn, CA 95603
      View Details
    • Value Estimation
      $305,000
      12,091 SF

      11901 Enterprise Dr

      MINI-WAREHOUSE, STORAGE • 12,091 SF
      11901 Enterprise Dr, Auburn, CA 95603
      View Details
    • Value Estimation
      $340,000
      3.20 Acres

      Auburn, CA 95603

      MINI-WAREHOUSE, STORAGE • 3.20 Acres
      Auburn, CA 95603
      View Details
    • Value Estimation by Request
      15,865 SF

      12100 Enterprise Dr

      MINI-WAREHOUSE, STORAGE • 15,865 SF
      12100 Enterprise Dr, Auburn, CA 95603
      View Details
    • Value Estimation by Request
      43.40 Acres

      10725 Ophir Rd

      WAREHOUSE, STORAGE • 43.40 Acres
      10725 Ophir Rd, Auburn, CA 95603-9705
      View Details
    • Value Estimation by Request
      11,749 SF

      172 Borland Ave

      WAREHOUSE, STORAGE • 11,749 SF
      172 Borland Ave, Auburn, CA 95603-4922
      View Details

    Similar Nearby for Sale

    • $650,000

      Auburn Flex/Industrial Space For Sale

      Flex/Industrial property available for purchase in Auburn, California.
      387 Nevada St, Auburn, CA 95603
      View Details
    • $8,800,000

      Auburn Industrial Property for Sale

      Industrial property available for purchase in Auburn, California.
      13350 New Airport Rd, Auburn, CA 95603
      View Details
    • $1,495,000
      11,685 SF

      Auburn Retail Investment Opportunity

      Three-Tenant Retail Building, High Visibility
      906 Lincoln Way, Auburn, CA 95603
      View Details
    • $2,500,000
      6.70 Acres

      Auburn Commercial Land - 6.7 Acres

      Prime Auburn location, high traffic, development potential.
      2400 Bell Rd, Auburn, CA 95603
      View Details
    • $1,295,000
      3,148 SF

      Auburn Retail Space: Prime Location

      Historic Auburn retail building, 3,148 sq ft.
      216 Washington St, Auburn, CA 95603
      View Details
    • $2,249,000
      7,650 SF

      Auburn Multifamily Investment

      8-Unit Apartment Building, High ROI
      200 Pine St, Auburn, CA 95603
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      14,600 SF

      Auburn Industrial Space - 14,600 SF

      Versatile industrial space, Auburn, CA. Available Q4 2024.
      355 Nevada St, Auburn, CA 95603
      View Details
    • $1.50 SF/Yr
      1,019 SF

      Office/Flex Space on Palm Avenue

      Office/Flex space with quick highway access and visibility.
      179 Palm Ave, Auburn, CA 95603
      View Details
    • Contact for pricing
      26,108 SF

      Auburn Retail Center Investment Opportunity

      High-traffic shopping center with 4 spaces available.
      1760 Grass Valley Hwy, Auburn, CA 95603
      View Details
    • $15 SF/Yr
      946 SF

      Auburn Office Space: Big 5 Center

      Prime Auburn Office Suites Available
      2556 Grass Valley Hwy, Auburn, CA 95603
      View Details
    • $15 SF/Yr
      768 SF

      Auburn Retail Space - 768 SF

      Prime Auburn retail space, ideal for creative office. High visibility.
      173 Palm Ave, Auburn, CA 95603
      View Details
    • $19 SF/Yr
      8,390 SF

      Bowman Plaza: Auburn Office Space

      High-visibility Auburn office/medical space available.
      13555 Bowman Rd, Auburn, CA 95603
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    311 Nevada St
    Auburn, CA 95603-3703
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.