Ground-Floor Office/Medical
1061 E Main Street Grass Valley, CA 95945
New
For Sale
Contact for pricing
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 Market4
Property Features for 1061 E Main Street
General Information
- Standard status
- Active
- Size
- 1,224 SF
- Property subtype
- Office
Building Details
- Year Built
- 1984
Listing Agency:
Tucker Commercial
(530) 272-7222
Listed By:
Tyson Tucker · License #01804034
Source:
Crexi
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 24 at 4:25AM
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.4k | $21.60 |
| − Vacancy | −$6.6k | −$5.40 |
| EGI | $19.8k | $16.20 |
| − OpEx | −$5.0k | −$4.05 |
| NOI | $14.9k | $12.15 |
1,224 SF · lease $21.60/SF/yr · vacancy 25.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tracy Hoeg
Medical Clinic
LATHER & STEEL
Barber Shop
Quantum Light Infusion ...
Alternative Medicine Practice
Hanson Christopher DDS
Dental Office
Dr. Robert P. ...
Dental Office
Similar Off Market Nearby
- AnimalSave -Spay & Neuter Clinic — 520 E Main St, Grass Valley, CA 95945
- Brunswick Veterinary Clinic — 131 Olympia Park Rd, Grass Valley, CA 95945
- Wolf Creek Veterinary Hospital — 561 Idaho Maryland Rd, Grass Valley, CA 95945
- Klopfer Susan DVM — 131 Olympia Park Rd, Grass Valley, CA 95945
- Capen Michelle DVM — 131 Olympia Park Rd, Grass Valley, CA 95945
FAQs
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.
