Medical Office Condo with
For Sale
$210,000
1061 Main Street, Grass Valley, CA 95945
Step-free entry and a substantial parking area support accessible medical office operations near Sierra Nevada Hospital.
Property Size1,137 SF
Price / SF$184.70
Days on Market412
Property Features for 1061 Main Street
General Information
Standard status
Active
Size
1,137 SF
Property subtype
Office
Amenities
Central Air
3
Commercial
Public.
Building Details
Year Built
1984
Tenancy
Single
Owner Occupied
No
Listing Agency:
Century 21 Cornerstone Realty
2655885
Listed By:
Dianna Helms · License #00713462
9138598
Source:
Xome
Added: Jul 18, 2025
Changed: Sep 2
Last Checked: Sep 2 at 1:10PM
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 Century 21 Cornerstone Realty
Investment Insights
Based on property information with market context.
This 1137-square-foot medical office condominium provides a practical clinical layout with a large reception and waiting area, multiple private offices, three exam rooms with sinks, a breakout room with sink, a supply room, and a restroom. Central Air is included, and entry is available without stairs or steps. The suite was built in 1984 and is currently configured as a doctor's office.
The property includes access to a large parking lot and is located close to Sierra Nevada Hospital. Its commercial condominium format, accessible entry, and existing room configuration support continued medical office use.
The property includes access to a large parking lot and is located close to Sierra Nevada Hospital. Its commercial condominium format, accessible entry, and existing room configuration support continued medical office use.
Key Highlights
- 1137 Sq. ft. medical office condominium
- No stairs or steps at the entrance
- Three exam rooms with sinks
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
$13,815
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
6.58%
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%
$276,300
$276.3K
Cap Rate 7%
$197,357
$197.4K
Cap Rate 9%
$153,500
$153.5K
Market Conditions
NOI Build-Up for 1,137 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
$24.6K $21.60/SF
− Vacancy
−$6.1K −$5.40/SF
EGI
$18.4K $16.20/SF
− OpEx
−$4.6K −$4.05/SF
NOI
$13.8K $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%
$276,300
Cap Rate 7%
$197,357
Cap Rate 9%
$153,500
Alternative Uses
Best Use
Healthcare Medical
$325.2K
$284.6K – $379.4K
NOI $22,764 @ 7.0% cap · market cap 10.84%
Second Best
Office B
$197.4K
$172.7K – $230.3K
NOI $13,815 @ 7.0% cap · market cap 6.58%
Theoretical Best
Specialty Retail
$406.5K
$355.7K – $474.3K
NOI $28,455 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- AnimalSave -Spay & Neuter Clinic — 520 E Main St, Grass Valley, CA 95945
- Wolf Creek Veterinary Hospital — 561 Idaho Maryland Rd, Grass Valley, CA 95945
- Brunswick Veterinary Clinic — 131 Olympia Park 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
Frequently Asked Questions
What type of property is this?
Medical Office Space - Step-free entry and a substantial parking area support accessible medical office operations near Sierra Nevada Hospital.
Where is this medical office space located?
The property is located at 1061 Main Street Grass Valley, CA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 1137 Sq. ft. medical office condominium; No stairs or steps at the entrance; Three exam rooms with sinks
