Ground-Floor Office/Medical
For Sale
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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 Market100
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: Oct 26
Last Checked: Oct 26 at 1:01PM
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
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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 / 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.
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Property Analytics
Who owns this building?
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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
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
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- Klopfer Susan DVM — 131 Olympia Park Rd, Grass Valley, CA 95945
- Capen Michelle DVM — 131 Olympia Park Rd, Grass Valley, CA 95945
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.
