Ground-Floor Medical Office
For Sale
$199,000
1061 E Main St Unit 103, Grass Valley, CA 95945
Existing plumbing and a private restroom support medical, dental, wellness, or professional office occupancy.
Property Size1,224 SF
Price / SF$162.58
Days on Market163
Property Features for 1061 E Main St Unit 103
General Information
Standard status
Active
Size
1,224 SF
Property subtype
Commercial
Financials
Asking Price
$199,000
HOA Fee
$380
Additional Details
Floor
Ground Floor
Amenities
common entrance
landscaped interior atrium
Building Details
Year Built
1984
Listing Agency:
Tucker Commercial
Listed By:
Tyson J. Tucker · License #01804034
(530) 272-7222
Source:
Sacramentoareahouses
Added: May 5
Changed: Oct 13
Last Checked: Oct 12 at 7:53PM
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 office condominium is on the ground floor of the Presley Building, constructed in 1984. Its plan includes a foyer and reception area, a private office, an open office that can be divided into two rooms, a restroom, and storage. Plumbing remains in place, and the suite has a window line and access through a shared entrance and landscaped interior atrium.
At 1061 E Main St, Unit 103, the property is across East Main Street from Sierra Nevada Memorial Hospital and Nevada County Country Club. Sierra College is less than a mile away.
At 1061 E Main St, Unit 103, the property is across East Main Street from Sierra Nevada Memorial Hospital and Nevada County Country Club. Sierra College is less than a mile away.
Key Highlights
- 1,224 SF ground‑floor office condominium
- Existing plumbing remains in place from its former dental‑office use
- Layout includes reception, a 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.
How Realmo checks its estimates
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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 - Existing plumbing and a private restroom support medical, dental, wellness, or professional office occupancy.
Where is this medical office space located?
The property is located at 1061 E Main St Unit 103 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 condominium; Existing plumbing remains in place from its former dental‑office use; Layout includes reception, a private office, open office, restroom, and storage
