Street-Facing Office and Retail
For Sale
Contact for pricing
1740 E Main St, Grass Valley, CA 95945
Suite with hardwood floors, vaulted ceilings, skylights, and multiple offices within a 2006-built street-facing building.
Property Size2,728 SF
Price / SF$256.60
Days on Market315
Property Features for 1740 E Main St
General Information
Standard status
Active
Size
2,728 SF
Property subtype
OFFICE
Amenities
lobby with fireplace
conference rooms
kitchenette
skylights
highly visible signage
Building Details
Year Built
2006
Listing Agency:
Century 21 - Mueller Commercial | Sacramento
(916) 704-9341
Listed By:
Janice Kimsey · License #02138720
(916) 934-8759
Source:
Moodyscre
Added: Nov 10, 2025
Changed: Sep 10
Last Checked: Sep 20 at 11:50AM
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 Century 21 - Mueller Commercial | Sacramento
Investment Insights
Based on property information with market context.
Built in 2006, this property offers a street-facing suite with an interior build-out designed for either retail or office use. The space includes attractive hardwood floors, vaulted ceilings with skylights, and a prominent lobby with a fireplace. Office configuration features large executive offices with smaller adjacent secretarial offices, along with large conference rooms, four bathrooms, and a kitchenette. Approximately 2,756 SF is available in the street-facing suite.
The building is located at Lake Olympia Business Park, described as a centrally located business park about five minutes from both downtown Grass Valley and downtown Nevada City. The property also features highly visible signage and ample parking, with a nearby mix of retail, business, and restaurants.
This offering provides a professionally finished interior with substantial window lines for natural light, supporting a range of professional tenant needs within a street-facing storefront-style setting.
The building is located at Lake Olympia Business Park, described as a centrally located business park about five minutes from both downtown Grass Valley and downtown Nevada City. The property also features highly visible signage and ample parking, with a nearby mix of retail, business, and restaurants.
This offering provides a professionally finished interior with substantial window lines for natural light, supporting a range of professional tenant needs within a street-facing storefront-style setting.
Key Highlights
- +/-2,756 SF available in a street‑facing suite in a 2006‑built 7,781 SF building with views of the city and mountains
- Interior build‑out includes hardwood floors, vaulted ceilings with skylights, and a lobby with a fireplace
- Office layout features large executive offices, smaller adjacent secretarial offices, and large conference rooms
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
$33,145
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
4.74%
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%
$662,900
$662.9K
Cap Rate 7%
$473,500
$473.5K
Cap Rate 9%
$368,278
$368.3K
Market Conditions
NOI Build-Up for 2,728 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
$58.9K $21.60/SF
− Vacancy
−$14.7K −$5.40/SF
EGI
$44.2K $16.20/SF
− OpEx
−$11.0K −$4.05/SF
NOI
$33.1K $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 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%
$662,900
Cap Rate 7%
$473,500
Cap Rate 9%
$368,278
Alternative Uses
Best Use
Retail
$933.6K
$816.9K – $1.09M
NOI $65,351 @ 7.0% cap · market cap 9.34%
Second Best
Office B
$473.5K
$414.3K – $552.4K
NOI $33,145 @ 7.0% cap · market cap 4.74%
Theoretical Best
Specialty Retail
$975.3K
$853.4K – $1.14M
NOI $68,272 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,312
Businesses Nearby
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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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Suite with hardwood floors, vaulted ceilings, skylights, and multiple offices within a 2006-built street-facing building.
Where is this office units located?
The property is located at 1740 E Main St Grass Valley, CA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: +/-2,756 SF available in a street‑facing suite in a 2006‑built 7,781 SF building with views of the city and mountains; Interior build‑out includes hardwood floors, vaulted ceilings with skylights, and a lobby with a fireplace; Office layout features large executive offices, smaller adjacent secretarial offices, and large conference rooms
