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Property profile & analytics
OFF-MARKET Estimated value $4,095,000
Manufacturing properties

848 Gold Flt Rd Nevada City, CA 95959-3208

27,000 SF 0.38 ac lot Built 1987
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US09-3738538
Property summary
AI-generated overview

This exceptional 25,000-square-foot Class A industrial building, constructed in 1985, sits on a 7.71-acre lot in Nevada City's Gold Flat Business Park. Currently, approximately 23,000 square feet is available for lease, with the possibility of leasing the entire building with six months' notice. The two-story steel-frame structure features movable partitions, minimal columns, and ample flexibility for various uses, including manufacturing, flex space, warehouse, R&D, and office space. The EC zoning permits a wide range of employment-centered activities. The property boasts 166 parking spaces, one loading dock, and an elevator. Two additional pad sites offer potential for future expansion. Located just half a mile from Highways 49 and 20, this property enjoys a serene setting near Pioneer Park, offering easy access to both the Sacramento and Reno/Tahoe markets, and proximity to the San Francisco Bay Area. The minimum leasable space is 1,500 square feet, with the maximum contiguous space being the entire 25,000 square feet. The building is in excellent condition and offers cost-effective tenant improvement opportunities. Nevada City's thriving high-tech and cultural scene, combined with its highly-rated schools and stunning natural surroundings, makes it a highly desirable location.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1987
Construction WOOD
Total area 27,000 SF
Lot 0.38 ac (16,552 SF)
Zoning code I
APN 037-050-062-000
UPID US09-3738538
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
$3.83M
Comparable Approach Comparable
$5.39M
Blend (final) Blend
$4.10M
Owner & transaction history
Nevada County Superintendent Of Sch · 1 yrs held
Nevada County Superintendent Of Sch
since 2024
7 recorded transactions
2024
$2.4M
2019
Price N/A
2017
Price N/A
2013
Price N/A
2004
$3.3M
1999
Price N/A
1969
Price N/A
Zoning & alternative use
I · Nevada City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $5.8M +13.2%
Commercial (general) $5.4M +4.0%
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