Historic Downtown Retail
For Sale
$299,000
110 Main Street, Grass Valley, CA 95945
Historic downtown retail building with dedicated rear parking and nearby public parking options for customers and staff.
Property Size811 SF
Price / SF$368.68
Days on Market492
Property Features for 110 Main Street
General Information
Standard status
Active
Size
811 SF
Total Parking Spaces
1
Property subtype
Retail
Amenities
Wall Air Conditioning
3
TC-H (Town Core - Historical)
1 Parking Spaces. Public.
Building Details
Year Built
1901
Listing Agency:
RE/MAX Gold
3626805
Listed By:
Cary Sanders · License #1352660
3626805
Source:
Xome
Added: Apr 6, 2025
Changed: Aug 8
Last Checked: Aug 9 at 5:19AM
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 RE/MAX Gold
Investment Insights
Based on property information with market context.
This historic downtown retail building is offered for new ownership, presenting a storefront opportunity in a well-known downtown setting. The property includes one dedicated parking space at the rear, with additional customer and staff parking available nearby.
The building is located at 110 W Main Street, Grass Valley, CA, less than a block from the Mill Street promenade. It is also steps from a free city parking lot and on-street parking.
Ideal for owner-operators and retailers seeking a street-level presence, the offering combines a historic structure with convenient parking arrangements to support day-to-day customer access.
The building is located at 110 W Main Street, Grass Valley, CA, less than a block from the Mill Street promenade. It is also steps from a free city parking lot and on-street parking.
Ideal for owner-operators and retailers seeking a street-level presence, the offering combines a historic structure with convenient parking arrangements to support day-to-day customer access.
Key Highlights
- Historic building built in 1901 in downtown Grass Valley
- Zoned TC‑H (Town Core - Historical)
- Wall air conditioning
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
$19,428
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
6.50%
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%
$388,560
$388.6K
Cap Rate 7%
$277,543
$277.5K
Cap Rate 9%
$215,867
$215.9K
Market Conditions
NOI Build-Up for 811 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
$29.0K $35.76/SF
− Vacancy
−$1.2K −$1.54/SF
EGI
$27.8K $34.22/SF
− OpEx
−$8.3K −$10.27/SF
NOI
$19.4K $23.96/SF
Area
Nevada County, CA
Vacancy
4.30%
Lease Rate
$35.76 /SF/Yr
Expense Ratio
30.00%
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%
$388,560
Cap Rate 7%
$277,543
Cap Rate 9%
$215,867
Alternative Uses
Best Use
Retail
$277.5K
$242.9K – $323.8K
NOI $19,428 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$289.9K
$253.7K – $338.3K
NOI $20,296 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,605
Businesses Nearby
5k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Oil Changers & Car Wash
Shops & Services
4,713 visits/mo
0.5 miles
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Foothill Flowers — 102 W Main St, Grass Valley, CA 95945
Frequently Asked Questions
What type of property is this?
Storefront property - Historic downtown retail building with dedicated rear parking and nearby public parking options for customers and staff.
Where is this storefront property located?
The property is located at 110 Main Street Grass Valley, CA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Historic building built in 1901 in downtown Grass Valley; Zoned TC‑H (Town Core - Historical); Wall air conditioning
