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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Retail space
15638 Johnson Pl Grass Valley, CA 95949-6837
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-2833532
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Total area
2,904 SF
Lot
4.7 ac (204,732 SF)
Zoning code
CH
APN
025-220-054-000
UPID
US09-2833532
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
49 Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$360k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$584k
Blend (final)
Blend
$505k
Owner & transaction history
Aab Property LLC · 4 yrs held
Aab Property LLC
since 2021
Last sale
$529,000
7 recorded transactions
Zoning & alternative use
CH · Grass Valley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$495,000
+16.7%
Commercial (general)
$475,000
+12.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Grass Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grass Valley submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$455,000
ML approach
$360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$425,000
Current use
OFFICE BUILDING
$495,000
Change: +17% · Conversion: Easy
COMMERCIAL (GENERAL)
$475,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $529k (Sep 23 2021)
Last sale anchor
$529k
Sep 23 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$174 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$16,718
Tax year 2024
Assessed value
$1,550,371
Assessed 2024
Previous assessed
$1,550,371
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$416,160
Assessed improvement
$1,134,211
Applied tax rate
72.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1997
Heating
NONE
Stories
2
Units
1
Total area
2,904 SF
Lot
4.7 ac (204,732 SF)
Zoning code
CH
APN
025-220-054-000
UPID
US09-2833532
Jurisdiction
NEVADA
Zoning & alternative use
CH · Grass Valley, CA
Zoning CH · permitted uses
CH · Grass Valley, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grass Valley. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$425,000
OFFICE BUILDING
Est. value
$495,000
COMMERCIAL (GENERAL)
Est. value
$475,000
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Heating
NONE
Stories
2
Units
1
Lot
4.7 ac
Current owner
From public records · entity-resolved
Aab Property LLC
Entity
Mailing address
15638 JOHNSON PL #165, GRASS VALLEY, CA 95949-6837
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2023
—
Aab Property LLC
—
Deed
related
$3,285,000 · River Valley Community Bank
Sep 23, 2021
$529,000
Aab Property LLC
Harold Eugene Brown
Grant Deed
—
Mar 30, 2017
—
Harold Eugene Brown And Bonnie Lynn
—
Deed
related
$205,000 · Us Bank NA
Feb 13, 2014
—
Brown,harold E & B L Liv Trust
Harold E Brown
Quit Claim Deed
related
—
Aug 15, 2013
—
Harold E Brown
Harold Brown
Intrafamily Transfer
related
$205,000 · Us Bank NA
Jun 18, 1998
$300,000
Brown,harold & Bonnie
Johnson Trust
Trustees Deed
$297,000 · Johnson Trust
Jun 18, 1998
—
Johnson Trust
Johnson Trust
Quit Claim Deed
related
—
Jan 11, 1989
—
Johnson Jay Family Trust
Unknown
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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