Ground-Floor Office/Medical
For Sale
Contact for pricing
1061 E Main Street, Grass Valley, CA 95945
Ground-floor office/medical condominium with reception, private office, open office, restroom, storage, and window line.
Property Size1,224 SF
Price / SF$162.58
Days on Market53
Property Features for 1061 E Main Street
General Information
Standard status
Active
Size
1,224 SF
Class
B
Property subtype
Office
Investment Type
Owner/User
Amenities
common entrance
landscaped interior atrium
Building Details
Year Built
1984
Buildings
1
Listing Agency:
Tucker Commercial
Listed By:
Tyson Tucker · License #01804034
(530) 272-7222
Source:
Crexi
Added: Jul 21
Changed: Sep 7
Last Checked: Sep 11 at 5:49AM
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.
Rare opportunity to own a 1,224± SF ground-floor office/medical condominium within the Presley Building. The suite is accessed from the building’s common entrance and landscaped interior atrium and includes a foyer/reception area, a large private office, and a large open office that can be converted back to two private offices. Additional interior features include a private restroom, a storage room, and a strong window line.
The suite is a former dental office, and the plumbing remains in place, which may accommodate medical, dental, and wellness uses in addition to traditional professional office use. The building was built in 1984 and is described as well maintained.
Owners’ association dues of $380 per month cover shell hazard insurance, exterior maintenance and repairs, the parking lot, and the roof, which can help shift day-to-day exterior responsibilities away from the owner.
The suite is a former dental office, and the plumbing remains in place, which may accommodate medical, dental, and wellness uses in addition to traditional professional office use. The building was built in 1984 and is described as well maintained.
Owners’ association dues of $380 per month cover shell hazard insurance, exterior maintenance and repairs, the parking lot, and the roof, which can help shift day-to-day exterior responsibilities away from the owner.
Key Highlights
- 1,224± SF ground‑floor office/medical condominium in the Presley Building (built 1984).
- Suite layout includes foyer/reception, large private office, large open office (can be converted back to two offices), restroom, storage, and a strong window line.
- Former dental office—plumbing remains in place to accommodate medical, dental, and wellness uses plus traditional professional office use.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,872
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,358
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 office/medical condominium with reception, private office, open office, restroom, storage, and window line.
Where is this medical office space located?
The property is located at 1061 E Main Street 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 office/medical condominium in the Presley Building (built 1984).; Suite layout includes foyer/reception, large private office, large open office (can be converted back to two offices), restroom, storage, and a strong window line.; Former dental office—plumbing remains in place to accommodate medical, dental, and wellness uses plus traditional professional office use.
