Historic Corner Retail
107 Bank Street Grass Valley, CA 95945
For Sale
$1,100,000
Historic retail building on a corner lot, 100% occupied, with office space and restrooms on each level.
Property Size4,247 SF
Price / SF$259.01
Days on Market94
Property Features for 107 Bank Street
General Information
- Standard status
- Active
- Size
- 4,247 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1922
Listing Agency:
Tucker Commercial
(530) 470-6090
Listed By:
Tyson J. Tucker · License #01804034
Source:
Exitrealty
Added: Apr 21
Changed: Jul 23
Last Checked: Jul 23 at 12:14PM
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.
Built in 1922, 107 Bank Street is a historic retail building offering 18-ft ceilings, true-dimension wood trusses, and exposed concrete walls. The property includes five private offices on a partial second story and restrooms on each level, with a configuration designed to support both retail use and back-of-house functionality.
The building sits on a corner lot with frontage on Bank Street and Auburn Street and is directly adjacent to Union Square Municipal Parking. It is also steps from the Mill Street Pedestrian Plaza. A five-year Modified Net Lease was executed in January 2025, with the tenant reimbursing property taxes and insurance, and each cooperative member personally guaranteeing the lease.
Zoned Town Core, the property is currently 100% occupied by Booktown Books, a cooperative of independent booksellers with approximately 20 years of continuous tenancy at this location.
The building sits on a corner lot with frontage on Bank Street and Auburn Street and is directly adjacent to Union Square Municipal Parking. It is also steps from the Mill Street Pedestrian Plaza. A five-year Modified Net Lease was executed in January 2025, with the tenant reimbursing property taxes and insurance, and each cooperative member personally guaranteeing the lease.
Zoned Town Core, the property is currently 100% occupied by Booktown Books, a cooperative of independent booksellers with approximately 20 years of continuous tenancy at this location.
Key Highlights
- 4,247 SF historic retail building built in 1922 on a corner lot with frontage on Bank St and Auburn St
- 100% occupied by Booktown Books with about 20 years of continuous tenancy at this location
- Five‑year Modified Net Lease executed Jan 2025 with 7.16% going‑in cap rate; 3% annual rent escalations
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 | $91.7k | $21.60 |
| − Vacancy | −$22.9k | −$5.40 |
| EGI | $68.8k | $16.20 |
| − OpEx | −$17.2k | −$4.05 |
| NOI | $51.6k | $12.15 |
4,247 SF · lease $21.60/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.45M
$1.27M – $1.70M
NOI $101,740 @ 7.0% cap · market cap 9.25%
Second Best
Office B
$737.2K
$645.0K – $860.0K
NOI $51,601 @ 7.0% cap · market cap 4.69%
Theoretical Best
Specialty Retail
$1.52M
$1.33M – $1.77M
NOI $106,287 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Booktown Books
(Bike/Boat/Book/etc) Store
Philip Easley Hypnotist
Alternative Medicine Practice
Similar Off Market Nearby
- Foothill Flowers — 102 W Main St, Grass Valley, CA 95945
FAQs
What type of property is this?
Storefront property - Historic retail building on a corner lot, 100% occupied, with office space and restrooms on each level.
Where is this storefront property located?
The property is located at 107 Bank Street Grass Valley, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,247 SF historic retail building built in 1922 on a corner lot with frontage on Bank St and Auburn St; 100% occupied by Booktown Books with about 20 years of continuous tenancy at this location; Five‑year Modified Net Lease executed Jan 2025 with 7.16% going‑in cap rate; 3% annual rent escalations
