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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    351 Providence Mine Rd, Unit 1 Nevada City, CA 95959-2980

    • Commercial real estate
    • 1,152 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    4.8%
    Commercial real estate
    Location Intelligence
    Property ID
    US09-3633236
    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

    • Commercial real estate

    Property Details for 351 Providence Mine Rd

    Year built
    2008
    Construction
    WOOD
    Lot size
    0.03 lot acres
    Property size
    1,152 SF
    Property type
    Commercial real estate
    APN
    005-190-056-000
    APU
    5190056000

    Description

    Located in the prestigious Nevada City Tech Center, this single-story, 10,500 square foot office building offers 4 available suites ranging from 300 to 1,736 square feet. Built in 2008, the property features a craftsman-style design with separate entrances for each suite, mature landscaping, an outdoor picnic area, and ample parking. The building is situated in a serene, forested setting yet is conveniently located within walking distance of amenities including hiking trails, restaurants, grocery stores, and schools. Ideal for medical or executive office users, this property boasts a desirable location near Highway 49/20, offering unparalleled convenience and a tranquil work environment. Current tenants include physical therapists, chiropractors, psychotherapists, and executive office users. Zoned LI-DA, this Nevada County property offers leasing incentives for qualified tenants. The minimum divisible space is 300 square feet, with a total of 3,530 square feet currently vacant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $225,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $180,000
      6.5%
      $165,000
      7%
      $155,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $326,000
      Market price range: $126k - $326k
      AI Estimate
      $179,000
      Market price range: $104k - $179k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $230,000
      Current use
      OFFICE BUILDING
      $250,000
      Change: +9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Nevada City
    County
    Nevada
    State
    California
    Longitude
    -121.032
    Latitude
    39.255
    CBSA code
    46020
    CBSA name
    TRUCKEE-GRASS VALLEY, CA MICROPOLITAN 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
    2024
    $2,807
    $53,609
    $215,303
    $268,912
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      16675 Black Sands Mine Rd

      Farms
      16675 Black Sands Mine Rd, Nevada City, CA 95959
      View Details
    • Value Estimation by Request
      13,096 SF

      109 Pne St

      COMMERCIAL CONDOMINUIM • 13,096 SF
      109 Pne St, Nevada City, CA 95959-2511
      View Details
    • Value Estimation
      $1,155,000
      5,000 SF

      361 Railroad Ave

      COMMERCIAL (GENERAL) • 5,000 SF
      361 Railroad Ave, Nevada City, CA 95959-2835
      View Details
    • Value Estimation
      $230,000
      1,298 SF

      355 Providence Mine Rd, Unit 5

      COMMERCIAL CONDOMINUIM • 1,298 SF
      355 Providence Mine Rd, Nevada City, CA 95959-2980
      View Details
    • Value Estimation
      $250,000
      2,052 SF

      107 Pne St

      COMMERCIAL CONDOMINUIM • 2,052 SF
      107 Pne St, Nevada City, CA 95959-2511
      View Details
    • Value Estimation by Request
      3.00 Acres

      14344 Banner Quaker Hill Rd

      Land • 3.00 Acres
      14344 Banner Quaker Hill Rd, Nevada City, CA 95959
      View Details

    Similar Nearby for Sale

    • $345,000
      1.36 Acres

      Nevada City Industrial Land

      1.36 Acres, Prime Location, Build-to-Suit
      107 New Mohawk Rd, Nevada City, CA 95959
      View Details
    • $3,450,000
      11,200 SF

      Nevada City Mixed-Use Gem

      Historic hotel & restaurant, high ROI
      233 Broad St, Nevada City, CA 95959
      View Details
    • $125,000

      Picturesque Land Parcel For Sale

      5.15-acre parcel near Nevada City and Grass Valley.
      11620 Bitney Springs Rd, Cherokee, CA 95959
      View Details
    • $88,000

      Residential Land Near Nevada City

      Land with utilities available, close to town, sold as-is.
      10638 N Bloomfield Rd, Nevada City, CA 95959
      View Details
    • $345,000

      Nevada City Industrial Land Opportunity

      1.36 acres of light industrial land for sale.
      101-107 New Mohawk Rd, Nevada City, CA 95959
      View Details
    • $69,000

      Private Acreage with Development Potential

      11.28 acres suitable for agriculture, recreation, or residential development.
      15052 Red Hl Spg Rd, Nevada City, CA 95959
      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.
    351 Providence Mine Rd, Unit 1
    Nevada City, CA 95959-2980
    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.