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13451 Colfax hwy 8,460 SF 100% Leased Retail Building Grass Valley, CA 95945 $2,800,000 ($330.97/SF) 9.09% Cap Rate
Investment Highlights
- Fully Leased-13 Tenants | ±29,645 SF multi-tenant retail center with a diverse mix of retail, restaurant, and service uses.
- Income Stability | No tenant contributes over 15% of revenue; broad mix reduces risk.
- Future Development Opportunity | Includes adjacent ±4.23-acre BP-zoned parcel — ideal for self-storage (Use Permit required).
- Strong In-Place Yield | Offered at $2.8M with ±$254K NOI — 9.09% cap rate.
- Below-Market Rents | Avg. rent at $0.99/SF gross allows upside through lease-up and repositioning.
- Prime Frontage & Access | 750+ feet along State Route 174 (AADT: 6,830) between Grass Valley and Colfax/I-80.
Executive Summary
Coldwell Banker Commercial is pleased to present The Cedar Ridge Y, a fully leased ±29,645 SF multi-tenant retail strip center in Grass Valley, CA. Priced at $2,800,000 ($94.95/SF) with an in-place cap rate of 9.09%, this stabilized investment includes three retail buildings on ±6.49 acres and an adjacent ±4.23-acre Business Park-zoned parcel offering future development potential.
The center consists of 13 suites with a diverse mix of restaurant, bar, automotive, and retail tenants. Anchor tenants include Soulful Kitchen (new 5-year lease), Uncle Sonny’s Bar, and Tom’s Car Care. No tenant contributes more than 15% of the total income, providing strong cash flow diversification.
Rents average $0.99/SF gross, significantly below market, creating upside through lease-up and repositioning. Several leases are MTM or near-term, offering operational flexibility.
Located on State Route 174 with 750+ feet of frontage (AADT: 6,830), the property enjoys excellent visibility and access in a low-vacancy, supply-constrained market. Grass Valley is the commercial center of western Nevada County, serving a regional trade area of 90,000+ residents.
This offering combines steady in-place income, value-add potential, and future development upside—a rare opportunity under $100/SF in Northern California.
The center consists of 13 suites with a diverse mix of restaurant, bar, automotive, and retail tenants. Anchor tenants include Soulful Kitchen (new 5-year lease), Uncle Sonny’s Bar, and Tom’s Car Care. No tenant contributes more than 15% of the total income, providing strong cash flow diversification.
Rents average $0.99/SF gross, significantly below market, creating upside through lease-up and repositioning. Several leases are MTM or near-term, offering operational flexibility.
Located on State Route 174 with 750+ feet of frontage (AADT: 6,830), the property enjoys excellent visibility and access in a low-vacancy, supply-constrained market. Grass Valley is the commercial center of western Nevada County, serving a regional trade area of 90,000+ residents.
This offering combines steady in-place income, value-add potential, and future development upside—a rare opportunity under $100/SF in Northern California.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
8,460 SF
Building Class
C
Year Built
1962
Price
$2,800,000
Price Per SF
$330.97
Cap Rate
9.09%
NOI
$254,520
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
10.68 AC
Opportunity Zone
Yes
Zoning
C-1, Ag10, BP
Property Taxes
| Parcel Number | 012-040-067-000 | Improvements Assessment | $1,091,431 |
| Land Assessment | $898,883 | Total Assessment | $1,990,314 |
Property Taxes
Parcel Number
012-040-067-000
Land Assessment
$898,883
Improvements Assessment
$1,091,431
Total Assessment
$1,990,314
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13451 Colfax hwy
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