Ground-Floor Medical Office
For Sale
$199,000
103-1061 E Main St, Grass Valley, CA 95945
Ground-floor suite with private restroom, storage, and existing plumbing for medical use.
Property Size1,224 SF
Price / SF$162.58
Days on Market76
Property Features for 103-1061 E Main St
General Information
Standard status
Active
Size
1,224 SF
Financials
Asking Price
$199,000
HOA Fee
$380
Additional Details
Floor
Ground Floor
Amenities
landscaped interior atrium
Building Details
Year Built
1984
Buildings
1
Listing Agency:
Tucker Commercial
Listed By:
Tyson J. Tucker · License #01804034
(530) 272-7222
Source:
Exprealty
Added: Jul 23
Changed: Sep 5
Last Checked: Oct 6 at 12:40AM
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 Tucker Commercial
Investment Insights
Based on property information with market context.
This 1,224-square-foot ground-floor medical office condominium offers a reception foyer, one enclosed office, and an expansive open workspace that can be reconfigured into two private offices. A private restroom, storage room, and extensive windows add functional value. Plumbing remains in place from the suite’s prior dental-office configuration, supporting medical, dental, wellness, or professional office use.
The suite is entered through a shared building lobby and landscaped interior atrium. The Presley Building was constructed in 1984 and includes a parking lot. The property sits directly across from Sierra Nevada Memorial Hospital and the Nevada County Country Club, with Sierra College less than a mile away. Association services include exterior maintenance and repairs, roof care, parking-lot maintenance, and shell hazard insurance.
The suite is entered through a shared building lobby and landscaped interior atrium. The Presley Building was constructed in 1984 and includes a parking lot. The property sits directly across from Sierra Nevada Memorial Hospital and the Nevada County Country Club, with Sierra College less than a mile away. Association services include exterior maintenance and repairs, roof care, parking-lot maintenance, and shell hazard insurance.
Key Highlights
- 1,224 SF ground‑floor medical office condominium
- Existing plumbing remains from the prior dental‑office configuration
- Layout includes reception, private office, open office, restroom, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,872
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,440
$297.4K
Cap Rate 7%
$212,457
$212.5K
Cap Rate 9%
$165,244
$165.2K
Market Conditions
NOI Build-Up for 1,224 SF
Gross rent
$26.4K $21.60/SF
− Vacancy
−$6.6K −$5.40/SF
EGI
$19.8K $16.20/SF
− OpEx
−$5.0K −$4.05/SF
NOI
$14.9K $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%
$297,440
Cap Rate 7%
$212,457
Cap Rate 9%
$165,244
Alternative Uses
Best Use
Healthcare Medical
$350.1K
$306.3K – $408.4K
NOI $24,506 @ 7.0% cap · market cap 12.31%
Second Best
Office B
$212.5K
$185.9K – $247.9K
NOI $14,872 @ 7.0% cap · market cap 7.47%
Theoretical Best
Specialty Retail
$437.6K
$382.9K – $510.5K
NOI $30,632 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,605
Businesses Nearby
Under-served
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Ground-floor suite with private restroom, storage, and existing plumbing for medical use.
Where is this medical office space located?
The property is located at 103-1061 E Main St Grass Valley, CA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,224 SF ground‑floor medical office condominium; Existing plumbing remains from the prior dental‑office configuration; Layout includes reception, private office, open office, restroom, and storage
