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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Retail space
220 Main St, Nevada City, CA 95959-2527
Individually Owned
4-yr Hold
Free & Clear
Property ID
US09-2694553
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
WOOD
Total area
3,169 SF
Lot
0.2 ac (8,712 SF)
Zoning code
C
APN
005-391-004-000
UPID
US09-2694553
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$663k
Blend (final)
Blend
$595k
Owner & transaction history
Dresser Halliday · 4 yrs held
Dresser Halliday
since 2022
Last sale
$795,000
5 recorded transactions
Zoning & alternative use
C · Nevada City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$685,000
+46.4%
Commercial (general)
$630,000
+34.4%
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 Nevada City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nevada City 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
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$470,000
Current use
OFFICE BUILDING
$685,000
Change: +46% · Conversion: Easy
COMMERCIAL (GENERAL)
$630,000
Change: +34% · Conversion: Easy
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $795k (Jun 24 2022)
Last sale anchor
$795k
Jun 24 2022
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
$188 / 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
$10,179
Tax year 2024
Assessed value
$827,118
Assessed 2024
Previous assessed
$827,118
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$260,100
Assessed improvement
$567,018
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1900
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Total area
3,169 SF
Lot
0.2 ac (8,712 SF)
Zoning code
C
APN
005-391-004-000
UPID
US09-2694553
Jurisdiction
NEVADA
Zoning & alternative use
C · Nevada City, CA
Zoning C · permitted uses
C · Nevada City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nevada City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$470,000
OFFICE BUILDING
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$630,000
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
1900
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Dresser Halliday
Individual
Free & Clear · 4 yrs held
Mailing address
PO BOX 1420, NEVADA CITY, CA 95959-1420
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2022
—
Dresser Halliday
Dresser Halliday
Intrafamily Transfer
related
—
Dec 10, 2020
$795,000
Dresser,mary Trust
Nottingham Family Trust
Grant Deed
$397,500 · Nottingham Family Trust (pt)
Apr 2, 2001
$378,000
Nottingham Trust
Fischer Trust
Grant Deed
$253,000 · Fischer Trust
Apr 9, 1996
—
Fischer Trust
Fischer,otto W
Quit Claim Deed
related
—
Nov 16, 1989
—
Otto W Fischer
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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