Street-Facing Office/Retail
For Sale
Contact for pricing
1740 East Main St., Grass Valley, CA 95945
Street-facing suite in a 2006 building with hardwood floors, vaulted skylit ceilings, and multiple executive offices.
Property Size2,728 SF
Price / SF$256.60
Days on Market51
Property Features for 1740 East Main St.
General Information
Standard status
Active
Size
2,728 SF
Property subtype
Retail, Office
Zoning
Commercial
Building Details
Year Built
2006
Listing Agency:
Century 21 Select Real Estate Lincoln
(916) 934-8759
Listed By:
Janice Kimsey · License #02138720
Source:
Crexi
Added: Jul 11
Changed: Aug 22
Last Checked: Aug 14 at 7:11AM
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 Select Real Estate Lincoln
Investment Insights
Based on property information with market context.
The property is a 2006 office/retail building offering a street-facing suite with approximately 2,756 SF of available space. The interior build-out includes attractive hardwood floors, vaulted ceilings with skylights, and a 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.
The suite is described as having view lines toward the city and mountains, with highly visible signage. The Lake Olympia Business Park location is centrally positioned, about 5 minutes from both downtown Grass Valley and downtown Nevada City, and the property is noted to have ample parking. A nearby retail, business, and restaurants presence is also referenced for the business park setting.
This offering is suitable for either retail or office uses as described in the remarks, with the suite positioned to capture street-facing visibility within the business park.
The suite is described as having view lines toward the city and mountains, with highly visible signage. The Lake Olympia Business Park location is centrally positioned, about 5 minutes from both downtown Grass Valley and downtown Nevada City, and the property is noted to have ample parking. A nearby retail, business, and restaurants presence is also referenced for the business park setting.
This offering is suitable for either retail or office uses as described in the remarks, with the suite positioned to capture street-facing visibility within the business park.
Key Highlights
- 7,781 SF building built in 2006, with +/-2,756 SF of available street‑facing retail/office space
- Street‑facing suite with city and mountain views, plus highly visible signage
- Interior features include hardwood floors, vaulted ceilings with skylights, and a lobby with fireplace
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
Office B
$473.5K
$414.3K – $552.4K
NOI $33,145 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
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
Property Profile
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Street-facing suite in a 2006 building with hardwood floors, vaulted skylit ceilings, and multiple executive offices.
Where is this office units located?
The property is located at 1740 East 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: 7,781 SF building built in 2006, with +/-2,756 SF of available street‑facing retail/office space; Street‑facing suite with city and mountain views, plus highly visible signage; Interior features include hardwood floors, vaulted ceilings with skylights, and a lobby with fireplace
