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    470 Nevada St Auburn, CA 95603
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    Property profile & analytics

    470 Nevada St Auburn, CA 95603

    View on Map
    • Office Spaces
    • 31,164 SF
    • 0.72 lot acres
    For Sale
    $8,200,000
    View Listing →
    Fully Leased Auburn Office Building For Sale
    $8,200,000
    31,246 SF

    Fully Leased Auburn Office Building

    Two-story, 31,246 SF Class A office building for sale.

    470 Nevada Street, Auburn, CA 95603
    View Listing
    Property ID
    US09-9164872
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Nitrogen / (Bike/Boat/Book/etc) Store / Corporate Office
    • HR Ledger, Inc. / Accounting Firm
    • Barber Kenes Retirement Solutions - Ameriprise Financial Services, LLC / Financial Advisor
    • Clare Hiatt - Financial Advisor, Ameriprise Financial Services, LLC / Financial Advisor
    • David L Odom - Financial Advisor, Ameriprise Financial Services, LLC / Financial Advisor

    Property Details for 470 Nevada St

    Year built
    2007
    Construction
    WOOD
    Lot size
    0.72 lot acres
    Property size
    31,164 SF
    Property type
    Office Spaces
    APN
    001-011-044-000
    APU
    1011044000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,890,000
      6.5%
      $7,280,000
      7%
      $6,760,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,258,000
      Market price range: $4.64M - $9.69M
      AI Estimate
      $3,549,000
      Market price range: $2.24M - $7.15M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $7,260,000
      Current use
      AUTO REPAIR, GARAGE
      $8,375,000
      Change: +15% Conversion: Difficult
      MEDICAL BUILDING
      $7,170,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Placer
    State
    California
    Longitude
    -121.079
    Latitude
    38.9125
    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
    2024
    $47,534
    $1,176,221
    $2,750,761
    $3,926,982
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      1240 High St, Unit 102

      CONDOMINIUM OFFICES • 0.04 Acres
      1240 High St, Auburn, CA 95603-5072
      View Details
    • Value Estimation
      $3,560,000
      19,214 SF

      185 Fulweiler Ave

      OFFICE (GENERAL) • 19,214 SF
      185 Fulweiler Ave, Auburn, CA 95603-4507
      View Details
    • Value Estimation
      $4,075,000
      17,424 SF

      853 Lincoln Way

      OFFICE (GENERAL) • 17,424 SF
      853 Lincoln Way, Auburn, CA 95603-4815
      View Details
    • Value Estimation
      $4,720,000
      18,932 SF

      11521 Blocker Dr

      OFFICE (GENERAL) • 18,932 SF
      11521 Blocker Dr, Auburn, CA 95603-4654
      View Details
    • Value Estimation by Request
      1,284 SF

      1523 Lincoln Way, Unit 101

      OFFICE (GENERAL) • 1,284 SF
      1523 Lincoln Way, Auburn, CA 95603-5009
      View Details
    • Value Estimation by Request
      1,386 SF

      1523 Lincoln Way, Unit 102

      OFFICE (GENERAL) • 1,386 SF
      1523 Lincoln Way, Auburn, CA 95603-5009
      View Details

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      Two-Story Auburn Office Building

      Two-story office building built in 2007, fully leased.
      500 Auburn Folsom Rd, Auburn, CA 95603
      View Details
    • $8,200,000
      Pending

      Fully Leased Auburn Office Building

      Two-story, 31,246 SF Class A office building for sale.
      470 Nevada St, Auburn, CA 95603
      View Details
    • Contact for pricing
      6,214 SF

      Auburn Multifamily Investment Opportunity

      Completely renovated 8-unit apartment community in historic Auburn.
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    Similar Nearby for Lease

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      Commercial Property in Auburn, CA

      Commercial property in Auburn with high visibility and traffic flow.
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    • $19 SF/Yr

      Auburn Office, Medical, Retail Center

      High-visibility Auburn center with office, medical, and retail spaces.
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      1,019 SF

      Office/Flex Space on Palm Avenue

      Office/Flex space with quick highway access and visibility.
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    • $15 SF/Yr

      Office Space in Big 5 Center

      Office space available in high-traffic Auburn location.
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    • Contact for pricing
      489 SF

      Downtown Auburn Office Suites Available

      Recently remodeled office suites for lease in downtown Auburn.
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    View Listing
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    470 Nevada St
    Auburn, CA 95603
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    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.

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