424 Crown Point CirGrass Valley, CA 95945

Property Details for 424 Crown Point Cir

Year built

1992

Construction

WOOD

Lot size

2.14 AC

Property size (Sq ft)

13,387 SF

Zone code

I

Property type

Manufacturing properties

APN

009-700-060-000

APU

9700060000

Description

This exceptional 16,000-square-foot industrial property, located at 424 Crown Point Cir, Grass Valley, CA 95945, presents a compelling investment opportunity. Situated on a 2.14-acre lot within the prestigious Whispering Pines Business Park, this building boasts a versatile floor plan ideal for research and development or manufacturing. Currently leased under a NNN lease with a tenant vacating in December 2024, the property offers a strong cash flow stream until then, generating an approximate Net Operating Income (NOI) of $252,000 and an 8.26% cap rate. Built in 1992, the building features a stick frame construction with stucco exterior and metal roof, and has been meticulously maintained and updated. Modern amenities include a rain catchment system, multi-level key card access, and a recently installed 150 kW Kohler generator hard-lined to natural gas, capable of powering the entire building. The interior layout includes exterior window-lined offices, interior work/manufacturing stations, and specialized manufacturing/testing rooms. The property is zoned I (Grass Valley: SP1-A) and offers significant potential for owner-users or investors seeking a free-standing building in a desirable location. The asking price is $3,050,000, translating to $202.16 per square foot. This represents a unique opportunity to acquire a highly functional building well below replacement cost, with the flexibility to continue leasing or occupy the space after the current lease expires.

• Alternative Use

  Use

  Valuation

  Residential

  $2,407,814

  Hospitality

  $2,205,545

  Educational

  $1,834,988

  Medical

  $1,898,096

  Retail

  $2,854,425

Location Insight

City

Grass Valley

County

Nevada

State

California

Latitude

39.219

Longitude

-121.032

CBSA code

46020

CBSA name

TRUCKEE-GRASS VALLEY, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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