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104-114 Argall Way 7,800 SF 100% Leased Retail Building Nevada City, CA 95959 $1,088,000 ($139.49/SF) 6.95% Cap Rate
INVESTMENT HIGHLIGHTS
- Busy Road Frontage on City Street
- A RARE OWNER-BUILT RETAIL ASSET WITH PROVEN INCOME
- Single Story Contiguous Building
EXECUTIVE SUMMARY
Pride of ownership is evident in this well-maintained, single-owner retail property located in the desirable 7-Hills Business District of Nevada City. Built in 1977 by the current owner, this six-unit neighborhood center has enjoyed consistent occupancy and strong tenant retention.
The property features a diverse and complementary tenant mix, including a laundromat, dog groomer, hair salon, home décor and design store, bulk refill shop, and trophy business — all operating at or slightly below market rent with solid tenancy and history. Each suite offers its own restroom, HVAC system, and dual access points, providing both functionality and convenience for tenants and customers alike.
Recent improvements include a full exterior repaint, and the site offers ample on-site parking on a 0.56± acre parcel. The center benefits from excellent visibility and foot traffic, with direct access to SPD Market, restaurants, and surrounding retail and service businesses.
This offering represents a rare opportunity to acquire a stable, income-producing asset in a sought-after Nevada City location. The property delivers approximately $76,000 in Net Operating Income (NOI), reflecting a 6.95% cap rate at the list price. Tenants reimburse all property expenses except management fees through Common Area Expense (CAE) charges.
The property features a diverse and complementary tenant mix, including a laundromat, dog groomer, hair salon, home décor and design store, bulk refill shop, and trophy business — all operating at or slightly below market rent with solid tenancy and history. Each suite offers its own restroom, HVAC system, and dual access points, providing both functionality and convenience for tenants and customers alike.
Recent improvements include a full exterior repaint, and the site offers ample on-site parking on a 0.56± acre parcel. The center benefits from excellent visibility and foot traffic, with direct access to SPD Market, restaurants, and surrounding retail and service businesses.
This offering represents a rare opportunity to acquire a stable, income-producing asset in a sought-after Nevada City location. The property delivers approximately $76,000 in Net Operating Income (NOI), reflecting a 6.95% cap rate at the list price. Tenants reimburse all property expenses except management fees through Common Area Expense (CAE) charges.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
7,800 SF
Building Class
C
Year Built
1977
Price
$1,088,000
Price Per SF
$139.49
Cap Rate
6.95%
NOI
$75,616
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
0.56 AC
Zoning
C - Commercial "LB" Local Business Nevada City
Parking
27 Spaces (3.46 Spaces per 1,000 SF Leased)
Frontage
200’ on Argall Way
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
awards, name tags, nameplates, electrical labels, signage, laser engraving & morE
- Four Paws Pet Hotel
- Services
-
99,999 SF
- -
- -
- -
- MIX design + decor
- Retailer
-
99,999 SF
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Four Paws Pet Hotel | Services | 99,999 SF | - | - | - | |
| MIX design + decor | Retailer | 99,999 SF | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 005-270-029-000 | Improvements Assessment | $566,189 (2025) |
| Land Assessment | $175,698 (2025) | Total Assessment | $741,887 (2025) |
PROPERTY TAXES
Parcel Number
005-270-029-000
Land Assessment
$175,698 (2025)
Improvements Assessment
$566,189 (2025)
Total Assessment
$741,887 (2025)
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104-114 Argall Way
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