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    Live/Work Property on Highway 89 Title is generated by Realmo AI

    15771 Main Street, Crescent Mills, CA 95934

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    Claim this Listing
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    For Sale
    $460,000

    SINGLE_FAMILY - Crescent Mills, CA

    Type:Retail
    Property size:
    3,200 SF
    Price / SF:
    $143/SF
    Added:
    May 16, 2026
    Days on Market:
    7
    Last Refresh:
    May 22 at 9:06 pm

    Property Features for 15771 Main Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    c2
    Standard status
    Active
    APN
    111-086-006
    Size
    3,200 SF

    Building Details

    Year built
    1936
    Floors in Building
    1

    We can help!

    Listing Contact
    Alexus Vaughn

    Listing agent Alexus Vaughn License #02174915

    Listing office ENGEL & VOLKERS -TRUCKEE 10091 DONNER PASS ROAD, TRUCKEE, CA

    Listing date May 16, 2026

    MLS# 2600487

    Copyright © 2026 Plumas Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Live/work property on Highway 89 with Mt. Hough views, combining residential comfort with commercial flexibility.
    • Exceptional income‑producing potential through the commercial building and additional rental opportunities.
    • Versatile 3,200 sq ft commercial building features a gift shop, office, kitchen, meeting room, lounge, plumbed room, greenhouse, and rented space.
    • Custom‑built 1,610 sq ft residence includes 2 bedrooms, 2 bathrooms, wood trim, updated bathrooms, fenced yard, and oversized two‑car garage.
    • Additional studio/shop provides extra space for guests, hobbies, storage, workspace, or rental potential with water and porta potty.
    • Opportunity to purchase the established Crescent Country business, a local landmark with over 40 years of operation.

    Overview

    This mixed-use property is located on Highway 89 and offers views of Mt. Hough. The property includes an approximately 3,200 square foot commercial building and a custom residence. The residence offers approximately 1,610 square feet with 2 bedrooms and 2 bathrooms, wood trim, updated bathrooms, a fenced private yard, and an oversized two-car garage. The commercial space features a gift shop area, a large private office, a fully equipped kitchen, a meeting room, a spacious lounge area with faux fireplace and coffee station, a plumbed room with water heater, storage rooms, a glassed "greenhouse room" and an additional wood-paneled room currently rented to another business. The flexible layout offers possibilities including retail, boutique, salon, spa, office space, antiques, home decor, or real estate. A separate studio/shop with water and porta potty provides additional flexibility for guests, hobbies, storage, workspace, or rental potential. The property is located across from the newly revitalized Crescent Store & Hotel and is positioned to benefit from increasing tourism and future growth in the area. The zoning is c2.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Big Box & Wholesale Store Hotel & Motel Nail Salon Restaurant Daycare Center Auto Parts Store Storage Facility Building Supply Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crescent Mills
    County
    Plumas
    State
    California
    Longitude
    -120.911481
    Latitude
    40.096258

    Nearby Similar for Sale

    • $900,000
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      Turnkey Golf Course and Cafe

      Legacy recreational asset with income potential in Northern California.
      15301 Highway 89, Crescent Mills, CA 95934
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    • $900,000
      1,152 SF

      Highway 89 Commercial Property

      Commercial property for sale in Crescent Mills, California.
      15301 Highway 89, Crescent Mills, CA 95934
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial building and custom residence.
    Where is this mixed-use property located?
    The property is located at 15771 Main Street Crescent Mills, CA.
    What is the asking price?
    The asking price for this property is $460,000.
    What are key features of this property?
    This property features: Live/work property on Highway 89 with Mt. Hough views, combining residential comfort with commercial flexibility.; Exceptional income‑producing potential through the commercial building and additional rental opportunities.; Versatile 3,200 sq ft commercial building features a gift shop, office, kitchen, meeting room, lounge, plumbed room, greenhouse, and rented space.
    (530) 394-4409
    We can help!
    Listing Contact
    Alexus Vaughn
    Real Estate License ID: 02174915
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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