464 Sutton Way - Office/Residential FOR SALE


Grass Valley, CA 95945
$2,475,000 USD
530-272-7222
464 Sutton Way, Grass Valley, CA for Sale
$2,475,000 USD
Office/Residential - FOR SALE
1/68
null | 8.8% Cap Rate

Dec '25


464 Sutton Way
Grass Valley, CA 95945


HIGHLIGHTS

  • Upcoming vacancy of ±13,814 SF offers value-add lease-up potential or owner-user occupation.
  • Conservative pro forma rents below market ($1.00/SF NNN office, $0.75/SF NNN warehouse).
  • Flexible Use: Ideal for an owner-user seeking a high-profile location with income support, or for an investor pursuing a value-add lease-up strategy.
  • Approved condominium tentative map allows future phased sell-off or customized owner-user configuration.
  • Significant visibility, 46 on-site parking spaces, loading dock, and expansion potential on adjacent parcel

OVERVIEW

Coldwell Banker Commercial Grass Roots Realty is pleased to present 464 & 468 Sutton Way, a rare owner-user or investment opportunity in Grass Valley’s Brunswick Basin, the dominant trade area for Western Nevada County. The property totals ±19,496 square feet across two parcels, including a ±1.01-acre lot at 292 W. Olympia Park Circle. Current tenancy includes 1849 Brewing Company (±5,682 SF), providing stable in-place income, while The Union Newspaper (±13,814 SF) will vacate at the end of 2025, creating the opportunity to control a large contiguous block of office and warehouse space in one of the market’s most visible commercial corridors. For an owner-user, the property offers an attractive cost basis, excellent visibility along Sutton Way, a functional mix of office and warehouse with 46 parking spaces, and additional development capacity on the Olympia Park parcel. For investors, the deal provides stable cash flow with significant upside through re-tenanting at conservative market rents, with underwriting supporting an 8.8% stabilized return on cost. In addition, an approved condominium tentative map introduces the option for a phased sell-off or break-up strategy, unlocking pricing premiums from smaller users and investors. High barriers to entry, limited land availability, and elevated construction costs further reinforce the long-term investment thesis. See Data Room to access Offering Memorandum.

FOR SALE DETAILS

PRICE

$2,475,000 USD

PRICE/SF

$143 USD /SF

CAP RATE

8.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Union

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

2.39 AC

LAND SF

104,108 SF

ZONING

C-2

APN/PARCEL ID

035-480-003-000; 035-480-014-000

ASK ABOUT THIS PROPERTY

Tyson TuckerColdwell Banker Commercial Grass RootsMore Info
530-272-7222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Tyson TuckerColdwell Banker Commercial Grass RootsMore Info
530-272-7222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.