Renovated Medical Office
123 Margaret Lane Suite B1, Grass Valley, CA 95945
For Sale
Contact for pricing
Ground-floor space combines a medical build-out with an owners association responsible for exterior and common-area upkeep.
Property Size1,250 SF
Price / SF$152
Days on Market12
Property Features for 123 Margaret Lane Suite B1
General Information
Standard status
Size
Property subtype
Zoning
Space & Availability
Floor
Condition
Site & Location
Highway Access
Road Access
Additional Details
Asking Price
Office Units
Property Use
Building Details
Year Built
Listing Agency:
Tucker Commercial
Listed By:
Tyson Tucker · License CA #01804034
(530) 272-7222
Source:
Crexi
Added: Oct 30
Changed: Nov 9
Last Checked: Nov 9 at 2:00PM
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.
This ground-floor medical office condominium contains approximately 1,250 square feet and was built in 1982. A full renovation added LVT flooring and fresh paint. The layout includes a waiting room, reception area, four plumbed treatment rooms, two restrooms, and a private physician’s office with a separate entrance. Wood-cased windows bring natural light into the suite, and on-site parking is available. The property is zoned Office Professional (OP). The owners association oversees the building exterior, landscaping, and shared areas.
The complex sits directly beside Sierra Nevada Memorial Hospital and is minutes from the Dorsey Drive interchange on Highway 20/49.
The complex sits directly beside Sierra Nevada Memorial Hospital and is minutes from the Dorsey Drive interchange on Highway 20/49.
Key Highlights
- Approximately 1,250 square feet of ground‑floor medical office space
- Four treatment rooms with plumbing, plus two restrooms
- Private doctor's office has its own entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,188
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,760
$303.8K
Cap Rate 7%
$216,971
$217.0K
Cap Rate 9%
$168,756
$168.8K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$27.0K $21.60/SF
− Vacancy
−$6.8K −$5.40/SF
EGI
$20.3K $16.20/SF
− OpEx
−$5.1K −$4.05/SF
NOI
$15.2K $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%
$303,760
Cap Rate 7%
$216,971
Cap Rate 9%
$168,756
Alternative Uses
Best Use
Healthcare Medical
$357.5K
$312.8K – $417.1K
NOI $25,026 @ 7.0% cap · market cap 13.17%
Second Best
Office B
$217.0K
$189.9K – $253.1K
NOI $15,188 @ 7.0% cap · market cap 7.99%
Theoretical Best
Specialty Retail
$446.9K
$391.0K – $521.4K
NOI $31,283 @ 7.0% cap · market cap 16.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,507
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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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 - Ground-floor space combines a medical build-out with an owners association responsible for exterior and common-area upkeep.
Where is this medical office space located?
The property is located at 123 Margaret Lane Suite B1 Grass Valley, CA.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Approximately 1,250 square feet of ground‑floor medical office space; Four treatment rooms with plumbing, plus two restrooms; Private doctor's office has its own entrance
