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$2,850,000 Just Listed
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Property Description
870 Gold Flat Rd is a 29,088 SF multi-tenant office/R&D/industrial building on 6.38 acres in Nevada City, CA. Priced at $2,850,000 ($97.97/SF), the property is offered at a significant discount to replacement cost and presents a compelling opportunity for owner-users or value-add investors. Currently 55% occupied with 2 long-term tenants in place Mini Mania (15+ years) and Ensemble Legacy (20+ years), both with deep operational roots and capital investment in the property the building produces ~$16,000/month in rental income with ~13,000 SF of high-quality office space available for immediate use. Flexible layouts include open office areas, private offices, vaulted ceilings, and a commercial kitchen. Infrastructure highlights include a high-capacity owned solar system, backup generator, ample parking, 3 roll-up doors, and strong site circulation. An owner-user could occupy the vacant space while offsetting costs with in-place income, or an investor could lease up the vacancy to achieve a pro forma cap rate of approximately 9.0%. The low-coverage site (FAR 0.19) also offers potential for additional development.
Full Property Details
Full Property Details for 870 Gold Flat Rd
General
- Price: $2,850,000
- Status: Active
- Type: Single Family
- Source: METROLIST_Cali
- MLS ID: 226049007
- Updated: 4/20/2026
- Added to Site: Today
Business
- Business Type: Commercial, Other
Interior
- Flooring: See Remarks
Additional Information
- Other Features: See Remarks
Parking
- Parking: See Remarks
Location
- County: Nevada
- Cross Streets: Railroad Ave
- Driving Directions: From CA-49 N exit Gold Flat Road / Ridge Rd, turn right on Gold Flat Rd, property is on the left. From CA-49 S/CA-20 W exit Gold Flat Road / Ridge Road, turn left on Gold Flat Rd, property is on the left.
- Location Details: See Remarks
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: See Remarks
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Sewer Connected
Structural Information
- Construction: See Remarks
- Roof: See Remarks
- Stories/Levels: 0
- Square Feet: 29,088
- Year Built: 1985
Lot Features
- Lot Size (Acres): 6.38
- Lot Size (Sq. Ft.): 277,913
- Irrigation System: Public District
- Topography: Level
- Zoning: EC - Employment Center Zone
Financial Considerations
- Tenant Pays: See Remarks
- Tenant Expense: See Remarks
Disclosures and Reports
- Special Conditions: None
- APN: 037-050-050-000
Listed by Tucker Commercial
Get Pre-Approved Today
Schools
Schools serving 870 Gold Flat Rd
| Name | Grades | Distance |
|---|---|---|
Deer Creek Elementary School 805 Lindley Avenue, Nevada City, CA 95959 | K-4 | 0.8 mi |
Seven Hills Intermediate School 700 Hoover Lane, Nevada City, CA 95959 | 5-8 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 870 Gold Flat Rd
Date
Details
Price
Change
Source
4/20/2026
Listed
$2,850,000
100%
MLS
12/26/2000
Sold
$1,425,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 870 Gold Flat Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$23,772
4%
$2,156,607
2%
2023
$22,967
—
$2,114,322
2%
2023
$22,967
2%
$2,072,866
2%
2022
$22,433
2%
$2,023,399
2%
2021
$21,944
—
$1,983,726
1%
2020
$21,913
5%
$1,963,387
2%
2019
$20,790
2%
$1,924,891
2%
2018
$20,400
-4%
$1,887,149
2%
2017
$21,260
4%
$1,850,147
2%
2016
$20,540
1%
$1,813,871
2%
2015
$20,279
1%
$1,786,626
2%
2014
$19,998
2%
$1,751,630
—
2013
$19,693
—
$1,743,714
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 870 Gold Flat Rd
870 Gold Flat Road, Nevada City, CA 95959 (MLS# 226049007) is a Single Family property with 0 bedrooms and 0 full bathrooms. 870 Gold Flat Road is currently listed for $2,850,000 and was received on April 20, 2026. Want to learn more about 870 Gold Flat Road? Do you have questions about finding other Single Family real estate for sale in Nevada City? You can browse all Nevada City real estate or contact a Coldwell Banker agent to request more information.

