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    Live-Work Property with Commercial Building 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

    Other - Crescent Mills, CA

    Type:Retail
    Property size:
    3,200 SF
    Price / SF:
    $143/SF
    Added:
    Jun 1, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 5 at 12:06 am

    Property Features for 15771 Main Street

    General Information

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

    Building Details

    Year built
    1936
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    ALEXUS J VAUGHN

    Listing agent ALEXUS J VAUGHN

    Listing office Engel & Völkers Truckee 10091 Donner Pass Road, Truckee, CA

    Listing date Jun 1, 2026

    MLS# 2600487 Listing URL

    Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Mixed‑use live/work property on Highway 89 with views of Mt. Hough and a 3,200 SF commercial building plus a custom home.
    • Commercial space includes gift shop area, large private office, fully equipped kitchen, meeting room, lounge area, and storage rooms.
    • Commercial setup also features a plumbed room with water heater for salon or spa use, a glassed “greenhouse room,” and an additional wood‑paneled room currently rented.
    • Custom‑built home offers about 1,610 SF with 2 bedrooms, 2 bathrooms, updated bathrooms, wood trim throughout, and a fully fenced private yard.
    • Oversized two‑car garage plus a separate studio/shop with water and porta potty for guest space, hobbies, storage, workspace, or rental use.

    Overview

    This live-work property combines an approximately 3,200-square-foot commercial building with a custom-built residence. The commercial space includes a gift shop area, a large private office, a fully equipped kitchen, a meeting room, and a spacious lounge area with a faux fireplace and coffee station. Additional functional rooms include a plumbed room with a water heater that could support a salon or spa setup, storage rooms, a glassed “greenhouse room,” and an additional wood-paneled room currently rented to another business.

    The residence is approximately 1,610 square feet with 2 bedrooms and 2 bathrooms, featuring beautiful wood trim throughout and updated bathrooms. It also includes a fully fenced private yard and an oversized two-car garage. A separate studio/shop with water and a porta potty adds flexibility for guests, hobbies, storage, or workspace. The property is located right on Highway 89 with views of Mt. Hough, and it is described as being across from the newly revitalized Crescent Store & Hotel.

    The layout supports multiple operating models for owner-operators and investors, including retail, boutique, office, and wellness-style uses, with both dedicated business space and on-site living. The existing configuration—with a kitchen, meeting room, storage, and a plumbed room—can help streamline day-to-day operations while providing room for customization. Additionally, the wood-paneled room currently rented to another business provides an extra income-producing component within the same property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    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
    -120.911464
    Latitude
    40.096251

    Nearby Similar for Sale

    • $900,000
      1,152 SF

      Turnkey Golf Course and Cafe

      Legacy recreational asset with income potential in Northern California.
      15301 Highway 89, Crescent Mills, CA 95934
      View Details
    • $460,000
      3,200 SF

      Live/Work Property on Highway 89

      Mixed-use property with commercial building and custom residence.
      15771 Main Street, Crescent Mills, CA 95934
      View Details
    • $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?
    Live-work space - Mixed-use setup pairs a commercial building with a custom residence for flexible business and living arrangements.
    Where is this live-work space 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: Mixed‑use live/work property on Highway 89 with views of Mt. Hough and a 3,200 SF commercial building plus a custom home.; Commercial space includes gift shop area, large private office, fully equipped kitchen, meeting room, lounge area, and storage rooms.; Commercial setup also features a plumbed room with water heater for salon or spa use, a glassed “greenhouse room,” and an additional wood‑paneled room currently rented.
    (530) 394-4409
    We can help!
    Listing Contact
    ALEXUS J 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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