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    350 Crown Point Cir Grass Valley, CA 95945

    Sponsored
    For Sale
    $3,000,000

    Class A office, owner-user opportunity, high cap rate.

    Property size:
    11,675 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A office building, located at 350 Crown Point Circle in Grass Valley, California's prestigious Whispering Pines Business Park, presents a compelling investment opportunity. The 11,675 square foot, two-story building sits on a 1.51-acre lot and boasts 60 parking spaces (4.04/1,000 sq ft). Currently 68% occupied, the property features ten suites ranging from 378 to 5,041 square feet, with an average size of 1,485 square feet. Five rent-ready vacant units totaling 4,784 square feet offer immediate income potential. The building, constructed in 1991, has been meticulously maintained and benefits from a C-1 (Neighborhood Commercial District) zoning designation. The asking price is $3,000,000 ($202.06/sq ft land value), projecting a 7.42% pro-forma cap rate at market rents. Most leases are NNN, allowing for direct pass-through of operating expenses, including hazard insurance. The current owner-user occupies approximately 5,000 square feet and may vacate, downsize to approximately 3,500 square feet, or sign a three-year lease at market rates. This presents a unique opportunity for an owner-user to occupy a significant portion of the building while generating income from existing leases, or for an investor to capitalize on below-market rents and lease-up potential. The average lease rate is currently $1.13/sq ft NNN, significantly below the market rate of approximately $1.50/sq ft NNN.

    Property Features for 350 Crown Point Cir

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    11,675 SF
    Class
    A
    Lot Size
    65,776 SF

    Building Details

    Year Built
    1991
    Stories
    2

    HighLights

    • Class A office building, 11,675 square feet, in Grass Valley, CA's Whispering Pines Business Park.
    • Two‑story building on a 1.51‑acre lot with 60 parking spaces (4.04/1,000 sq ft).
    • Currently 68% occupied with ten suites ranging from 378 to 5,041 square feet; five vacant units (4,784 sq ft) available.
    • Asking price: $3,000,000 ($202.06/sq ft land value), projected 7.42% pro‑forma cap rate.
    • Mostly NNN leases; current average lease rate $1.13/sq ft NNN (below market rate of $1.50/sq ft NNN).
    Property Profile Location Intelligence

    Current Use by Public Records

    Bell, Joseph J Family Law Attorney Bells Law Attorney McSweeney & Associates APC Accountant Edward Jones - Financial ... Financial Consultant Edward Jones - Financial ... Financial Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Grass Valley
    County
    Nevada
    State
    California
    Longitude
    -121.0300268
    Latitude
    39.2203346

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    FAQs

    What type of property is this?
    Office Property / Space - Class A office, owner-user opportunity, high cap rate.
    Where is this office property / space located?
    The property is located at 350 Crown Point Cir Grass Valley, CA.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Class A office building, 11,675 square feet, in Grass Valley, CA's Whispering Pines Business Park.; Two-story building on a 1.51-acre lot with 60 parking spaces (4.04/1,000 sq ft).; Currently 68% occupied with ten suites ranging from 378 to 5,041 square feet; five vacant units (4,784 sq ft) available.
    (530) 272-7222
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    350 Crown Point Cir Grass Valley, CA 95945
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    Grass Valley, CA 95945
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    350 Crown Point Cir Grass Valley, CA 95945
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