Medical Office Condo with Treatment
3-104 Margaret Ln Grass Valley, CA 95945
3-104 Margaret Ln, Grass Valley, CA, 95945
$575,000
For Sale
$575,000
Exceptionally maintained medical office condominium with three treatment rooms, live/work designation, and 13 on-site parking spaces.
Property Size3,618 SF
Price / SF$158.93
Days on Market16
Property Features for 3-104 Margaret Ln
General Information
- Standard status
- Active
- Size
- 3,618 SF
Listing agency
Coldwell Banker Grass Roots Realty
9131102
Listed by
Pamela M. Amato
9131102
Source
Exprealty
Added: Jul 7 Updated: Jul 22 at 8:38AM Checked: Jul 22 at 8:38AM
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 Coldwell Banker Grass Roots Realty
Investment Insights
Based on property information with market context.
This exceptionally maintained medical office condominium offers a thoughtfully designed layout with three private treatment rooms, expansive open-concept areas, and kitchen and laundry facilities. The interior includes non-load-bearing walls for straightforward reconfiguration, as well as generous locker rooms with full shower facilities. The property is legally designated as live/work, providing flexibility for an owner-user. Recent updates include a newer membrane roof and a recently refinished asphalt parking area.
Located in Grass Valley, California, the building is positioned moments from Sierra Nevada Memorial Hospital. On-site parking totals 13 spaces, including two ADA-designated spaces.
Immediate occupancy is available, and the condo is presented as a turnkey opportunity following the closure of A and A Physical Therapy.
Located in Grass Valley, California, the building is positioned moments from Sierra Nevada Memorial Hospital. On-site parking totals 13 spaces, including two ADA-designated spaces.
Immediate occupancy is available, and the condo is presented as a turnkey opportunity following the closure of A and A Physical Therapy.
Key Highlights
- 3,618 SF medical office condominium with three private treatment rooms
- Legal live/work designation for flexible professional and personal use
- Includes kitchen and laundry, expansive open‑concept areas, and non‑load‑bearing walls for easier reconfiguration
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.1k | $21.60 |
| − Vacancy | −$19.5k | −$5.40 |
| EGI | $58.6k | $16.20 |
| − OpEx | −$14.7k | −$4.05 |
| NOI | $44.0k | $12.15 |
3,618 SF · lease $21.60/SF/yr · vacancy 25.00% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$1.03M
$905.5K – $1.21M
NOI $72,436 @ 7.0% cap · market cap 12.60%
Second Best
Office B
$628.0K
$549.5K – $732.7K
NOI $43,959 @ 7.0% cap · market cap 7.65%
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.51M
NOI $90,545 @ 7.0% cap · market cap 15.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
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FAQs
What type of property is this?
Medical Office Space - Exceptionally maintained medical office condominium with three treatment rooms, live/work designation, and 13 on-site parking spaces.
Where is this medical office space located?
The property is located at 3-104 Margaret Ln Grass Valley, CA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 3,618 SF medical office condominium with three private treatment rooms; Legal live/work designation for flexible professional and personal use; Includes kitchen and laundry, expansive open‑concept areas, and non‑load‑bearing walls for easier reconfiguration
