Multi-Suite Medical Office
For Sale
$1,381,000
1-7-316 S Auburn St, Grass Valley, CA 95945
Three-building medical and professional office property with fully occupied suites, recent HVAC work, and an owned solar system.
Property Size6,981 SF
Lot Size0.58 Acres
Price / SF$197.82
Days on Market19
Property Features for 1-7-316 S Auburn St
General Information
Standard status
Active
Size
6,981 SF
Total Parking Spaces
31
Lot size
0.58 Acres
Occupancy
100%
Financials
Asking Price
$1,381,000
Gross Income
$122,892
Additional Details
Office Units
6
Building Details
Buildings
3
Tenancy
Multi
Listing Agency:
Coldwell Banker Grass Roots Realty
Listed By:
Diann Patton
2737293
Source:
Exprealty
Added: Sep 18
Changed: Sep 30
Last Checked: Oct 5 at 10:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Grass Roots Realty
Investment Insights
Based on property information with market context.
This medical and professional office property comprises three buildings with approximately 6,981 square feet on 0.58 acres in Grass Valley. Six suites are occupied under a mix of longer-term and month-to-month leases. Tenants pay separately metered gas and electricity; the landlord covers water, sewer, garbage, and other operating expenses. The property includes 31 dedicated parking spaces, a well-maintained roof and exterior, and recent HVAC improvements. An owned 11.1 kW photovoltaic solar system installed in 2021 serves suites 6 and 7, which are combined. Public records identify construction years of 1958, 1959, and 1981, with multiple remodels over time.
Key Highlights
- All six suites are currently occupied
- Three buildings totaling approximately 6,981 SF on approximately 0.58 acres
- 31 dedicated parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,819
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,696,380
$1.7M
Cap Rate 7%
$1,211,700
$1.2M
Cap Rate 9%
$942,433
$942.4K
Market Conditions
NOI Build-Up for 6,981 SF
Gross rent
$150.8K $21.60/SF
− Vacancy
−$37.7K −$5.40/SF
EGI
$113.1K $16.20/SF
− OpEx
−$28.3K −$4.05/SF
NOI
$84.8K $12.15/SF
Area
Nevada County, CA
Vacancy
25.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,696,380
Cap Rate 7%
$1,211,700
Cap Rate 9%
$942,433
Alternative Uses
Best Use
Healthcare Medical
$2.00M
$1.75M – $2.33M
NOI $139,767 @ 7.0% cap · market cap 10.12%
Second Best
Office B
$1.21M
$1.06M – $1.41M
NOI $84,819 @ 7.0% cap · market cap 6.14%
Theoretical Best
Specialty Retail
$2.50M
$2.18M – $2.91M
NOI $174,709 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,571
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 95945, CA
26,302
Population
13,051
Households
2
Avg Household Size
50
Median Age
32%
College-Educated
94%
High-School Grad
61.1 sq mi
ZIP Area
430
Density / Sq Mi
$61,068
Median Household Income
$41,072
Median Earnings
$1,420
Median Rent
$496,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Three-building medical and professional office property with fully occupied suites, recent HVAC work, and an owned solar system.
Where is this medical office space located?
The property is located at 1-7-316 S Auburn St Grass Valley, CA.
What is the asking price?
The asking price for this property is $1,381,000.
What are key features of this property?
This property features: All six suites are currently occupied; Three buildings totaling approximately 6,981 SF on approximately 0.58 acres; 31 dedicated parking spaces
