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719-733 Zion St 7,200 SF 94% Leased Office Building Nevada City, CA 95959 $1,149,000 ($159.58/SF) 7.23% Cap Rate
Investment Highlights
- High visibility
- Individual bathrooms
- Excellent location
- Great tenants
- Individual HVAC systems
Executive Summary
Great investment opportunity. 8 units, 7200 sq. ft total, 2 parcels totaling 34,848 sq ft+/-. .80 +/- acre with high visibility and great tenants. Individual bathrooms and HVAC systems. 40 parking spaces including 6 covered carport spaces. City sewer, water and natural gas. Excellent location and proximity to Hwy 49, Hwy 20 and Historic Nevada City. Pride of ownership in this well-maintained property. Excellent opportunity for owner-occupant. 2026 Proforma: $83,038.00 in Net Operating Income (NOI) at 7.2% Cap Rate, Proforma numbers are based on 93.8% occupancy. Owner pays city sewer & water. Call listing agent for details, please do not disturb tenants.
Property Facts Under Contract
Sale Type
Investment
Property Type
Building Size
7,200 SF
Building Class
C
Year Built
1978
Price
$1,149,000
Price Per SF
$159.58
Cap Rate
7.23%
NOI
$83,038
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,200 SF
Building FAR
0.21
Lot Size
0.80 AC
Zoning
LB SC Nevada City -Retail
Parking
40 Spaces (5.56 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $722,553 | |
| Land Assessment | $75,851 | Total Assessment | $798,404 |
Property Taxes
Parcel Numbers
Land Assessment
$75,851
Improvements Assessment
$722,553
Total Assessment
$798,404
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719-733 Zion St
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