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    1327 Main St Grass Valley, CA 95945-5271
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    Property profile & analytics

    1327 Main St, Grass Valley, CA 95945-5271

    View on Map
    • Hotels
    • 6,132 SF
    • 1.03 lot acres
    Off-Market
    Property ID
    US09-3311609
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $720,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • yoursoullight / High School / Vocational School

    Property Details for 1327 Main St

    Lot size
    1.03 lot acres
    Zone code
    C
    Property type
    Hotels
    Property subtype
    Motels
    APN
    035-320-008-000
    APU
    35320008000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 5, 2018 — Jerry R Roper — Deed · related $150k · Grill Fred 2000 Trust (pt)
    Nov 10, 2015 $900,000 Jerry R Roper Horizons Unlimited INC Grant Deed $700k · Private Individual
    Oct 16, 1998 — Carey E Laine Laine,desire M Quit Claim Deed · related —
    — — Jerry R Roper — Deed Of Trust · related $150k · Grill Fred 2000 Trust (pt)

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $770,000
      6.5%
      $710,000
      7%
      $660,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $732,000
      Market price range: $209k - $1.17M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $670,000
      Current use
      COMMERCIAL (GENERAL)
      $1,045,000
      Change: +56% Conversion: Difficult
      MEDICAL BUILDING
      $1,025,000
      Change: +53% Conversion: Difficult
      OFFICE BUILDING
      $745,000
      Change: +11% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $685,000
      Change: +2% Conversion: Difficult
      RESTAURANT
      $680,000
      Change: +1% Conversion: Difficult
      RETAIL STORES
      $575,000
      Change: -14% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $570,000
      Change: -15% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Grass Valley
    County
    Nevada
    State
    California
    Longitude
    -121.046
    Latitude
    39.2314
    CBSA code
    46020
    CBSA name
    TRUCKEE-GRASS VALLEY, CA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $15,514
    $348,173
    $1,044,524
    $1,392,697
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,930,000
      17,500 SF

      212 Main St

      HOTEL/MOTEL
      212 Main St, Grass Valley, CA 95945-4708
      View Details
    • Value Estimation by Request
      7,829 SF

      740 Auburn St

      HOTEL/MOTEL
      740 Auburn St, Grass Valley, CA 95945-8718
      View Details
    • Value Estimation by Request
      0.38 Acres

      217 Auburn St

      HOTEL/MOTEL
      217 Auburn St, Grass Valley, CA 95945-6206
      View Details
    • Value Estimation
      $910,000
      11,528 SF

      1221 Main St

      HOTEL/MOTEL
      1221 Main St, Grass Valley, CA 95945-5711
      View Details
    • Value Estimation
      $4,100,000
      4,800 SF

      18145 Rollins Vw Dr

      HOTEL/MOTEL
      18145 Rollins Vw Dr, Grass Valley, CA 95945
      View Details
    • Value Estimation by Request
      5,578 SF

      628 Auburn St, Unit 1

      HOTEL/MOTEL
      628 Auburn St, Grass Valley, CA 95945-7537
      View Details

    Similar Nearby for Sale

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      14.19 Acres

      Grass Valley Commercial Land Opportunity

      14.19 acres of vacant commercial land for development.
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      Medical Office Near Sierra Hospital

      Leased medical office space near Sierra Nevada Memorial Hospital.
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      Commercial Land in Grass Valley

      Level 0.36 acre lot zoned C-2 with development potential.
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      Grass Valley Corner Lot

      Corner lot in the heart of Grass Valley.
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      4,603 SF

      Sherwin-Williams NNN Lease Investment

      New construction retail property with long-term NNN lease.
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      Fully Leased Industrial Investment Property

      Industrial building with five condo units, fully leased investment opportunity.
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    Similar Nearby for Lease

    • $2,628 /Mo

      Retail Space on Bank Street

      Retail space available for rent on Bank Street.
      109 Bank St, Grass Valley, CA 95945
      View Details
    • $2.00 SF/Yr
      10,172 SF

      Office/Retail Buildings For Lease

      Two separate office/retail buildings for lease in Gold Country Center.
      841 Sutton Way, Grass Valley, CA 95945
      View Details
    • Contact for pricing

      Professional Office Space Available

      High-quality office space in desirable Grass Valley location.
      140 Litton Dr, Grass Valley, CA 95945
      View Details
    • Contact for pricing

      Industrial Units with Yard Space

      Flex/industrial units with yard space available for lease.
      12836 Greenhorn Rd, Grass Valley, CA 95945
      View Details
    • Contact for pricing

      Office/Retail Space in Business Park

      Available office or retail space in a centrally located business park.
      1740 E Main St, Grass Valley, CA 95945
      View Details
    • $1.20 SF/Yr

      Commercial Condo Units For Lease

      Two commercial condo units totaling ±13,576 SF available for lease.
      155 Spring Hill Dr, Grass Valley, CA 95945
      View Details
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    Grass Valley, CA 95945-5271
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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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