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Property profile & analytics
OFF-MARKET
Estimated value
$1,930,000
Hotels
212 Main St Grass Valley, CA 95945-4708
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2199329
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1851
Construction
TILT-UP CONCRETE
Total area
17,500 SF
Lot
0.43 ac (18,730 SF)
Zoning code
C
APN
008-342-017-000
UPID
US09-2199329
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
-
Holbrooke Hotel Hotel & Motel
-
New West Wine Co. Specialty Food Shop Wine and Liquor Store
-
GATHER & MILL (Bike/Boat/Book/etc) Store
-
Golden Gate Saloon Restaurant
-
Iron Door Saloon Bar & Pub Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.03M
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$1.93M
Owner & transaction history
212 Holbrooke LLC · 1 yrs held
212 Holbrooke LLC
since 2025
7 recorded transactions
Zoning & alternative use
C · Grass Valley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.0M
+55.7%
Medical building
$2.9M
+52.5%
Office building
$2.1M
+10.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,195,000
6.5%
$2,025,000
7%
$1,880,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,915,000
Current use
COMMERCIAL (GENERAL)
$2,980,000
Change: +56% · Conversion: Difficult
MEDICAL BUILDING
$2,920,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$2,120,000
Change: +11% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,950,000
Change: +2% · Conversion: Difficult
RESTAURANT
$1,940,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$1,640,000
Change: -14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,625,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.93M
Range $1.74M – $2.12M · ±10%
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
$110 / 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
$38,738
Tax year 2024
Assessed value
$3,487,441
Assessed 2024
Previous assessed
$3,487,441
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$514,012
Assessed improvement
$2,973,429
Applied tax rate
1.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1851
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
1
Total area
17,500 SF
Lot
0.43 ac (18,730 SF)
Zoning code
C
APN
008-342-017-000
UPID
US09-2199329
Jurisdiction
NEVADA
Zoning & alternative use
C · Grass Valley, CA
Zoning C · permitted uses
C · 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
HOTEL/MOTEL Current
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
RESTAURANT
Est. value
$1.9M
RETAIL STORES
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
INDUSTRIAL (GENERAL)
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
1851
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
212 Holbrooke LLC
Entity
Mailing address
218 HELENA AVE STE A, SANTA BARBARA, CA 93101-2636
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2026
—
212 Holbrooke LLC
—
Deed
related
$13,885,000 · Stone Bank
Jun 30, 2025
$3,798,500
212 Holbrooke LLC
212 West Main Street LLC
Grant Deed
—
Nov 7, 2018
—
212 West Main Street LLC
—
Deed
related
$2,800,000 · First Republic Bk
Aug 15, 2018
$1,350,000
212 West Main Street LLC
Ian Garfinkel
Grant Deed
—
Apr 14, 2017
—
Ian Garfinkel
—
Deed
related
$50,000 · Jose A Valdovinos
Jun 23, 2005
$1,125,000
The Holbrooke Hotel LLC
Dmw Hospitality Group INC
Grant Deed
$1,066,250 · Citizens Bank Of Nevada County
May 24, 2002
$1,010,000
Dmw Hospitality Group INC
Levine,howard S
Grant Deed
$900,000 · Citizens Bank Nevada County
Mar 30, 1994
—
Gold Country Lenders INC
Alaura,nancy J
Grant Deed
related
—
Mar 6, 1992
$192,500
Howard Etal Levine
Unknown
Grant Deed
—
—
—
212 West Main Street LLC
—
Deed Of Trust
related
$2,800,000 · First Republic Bk
—
—
Ian Garfinkel
—
Deed Of Trust
related
$50,000 · Jose A Valdovinos
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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