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Property profile & analytics
OFF-MARKET
Estimated value
$1,595,000
Industrial properties
569 Searls Ave Nevada City, CA 95959-3063
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2481776
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Construction
WOOD
Total area
8,100 SF
Lot
0.7 ac (30,491 SF)
Zoning code
I
APN
005-280-018-000
UPID
US09-2481776
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
AI Approach
AI
by Request
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.60M
Owner & transaction history
Nevada City Botanical LLC · 4 yrs held
Nevada City Botanical LLC
since 2021
7 recorded transactions
Zoning & alternative use
I · Nevada City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+43.7%
Office building
$1.8M
+13.2%
Commercial (general)
$1.6M
+4.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Nevada City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nevada City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,245,000
6.5%
$1,150,000
7%
$1,070,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,545,000
Current use
RESTAURANT
$2,225,000
Change: +44% · Conversion: Difficult
OFFICE BUILDING
$1,750,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,610,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$197 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$26,305
Tax year 2024
Assessed value
$2,440,778
Assessed 2024
Previous assessed
$2,440,778
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$318,362
Assessed improvement
$2,122,416
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1970
Construction
WOOD
Heating
BASEBOARD
Cooling
CENTRAL
Stories
2
Units
1
Total area
8,100 SF
Lot
0.7 ac (30,491 SF)
Zoning code
I
APN
005-280-018-000
UPID
US09-2481776
Jurisdiction
NEVADA
Zoning & alternative use
I · Nevada City, CA
Zoning I · permitted uses
I · Nevada City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nevada City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.5M
RESTAURANT
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.6M
INDUSTRIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
WOOD
Heating
BASEBOARD
Cooling
Yes
Stories
2
Units
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Nevada City Botanical LLC
Entity
Mailing address
316 MID VLY CTR #280, BODEGA BAY, CA 94923
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2023
—
Nevada City Botanicals LLC
—
Deed
related
$4,200,000 · Sonoma County Grange Cu
Aug 13, 2021
—
Nevada City Botanical LLC
Cypress Gates INC
Grant Deed
$4,000,000 · Cbp Fund V LLC
Jun 15, 2021
$7,650,000
Cypress Gates INC
Nc Acquisition 569 LLC
Grant Deed
—
Aug 9, 2019
—
Nc Acquisition 569 LLC
—
Deed
related
$1,000,000 · Pf Credit Facilitation INC
Jun 30, 2017
$1,375,000
Nc Acquisition 569 LLC
Philip P Carville
Grant Deed
$825,000 · Private Mortgage Fund LLC
Nov 9, 2016
—
Philip P Carville
—
Deed
related
$840,000 · Community 1st Bank
Dec 18, 2003
—
Carville,tr
Carville,philip P & Belinda
Quit Claim Deed
related
—
May 26, 2000
—
Marian L Talen
Talen,tim
Quit Claim Deed
related
$125,000 · M & M Mortgage
Apr 11, 2000
—
Carrie Ivey-cone
Johnson,shirley F
Quit Claim Deed
related
$11,000 · Seller
Oct 20, 1998
—
Carolyn I Cone
Ivey Trust
Quit Claim Deed
related
—
—
—
Ivey Trust
—
Deed Of Trust
related
$95,000 · Ivey Trust
—
—
Nc Acquisition 569 LLC
—
Deed Of Trust
related
$1,000,000 · Pf Credit Facilitation INC
—
—
Ivey Trust
—
Deed Of Trust
related
$60,000 · Tibbs Trust
—
—
Belinda Rush-cerville
—
Deed Of Trust
related
$267,500 · Bank Of America
—
—
Belinda Rush-cerville
—
Deed Of Trust
related
$214,000 · Bank Of America
—
—
Belinda Rush-cerville
—
Deed Of Trust
related
$223,000 · Edf Resource Capital INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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