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    Property profile & analytics

    2428 Nevada City Hwy Grass Valley, CA 95945-7706

    • Office buildings
    • 1,853 SF
    • 0.72 lot acres
    OFF-MARKET
    Value Estimation
    $520,000
    Last Sale
    Jan 08, 2021
    $535,000
    Location Intelligence
    Property ID
    US09-2902976
    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.

    Current Use by Public Records

    • Kellen Lake - Christie's International Real Estate / Real Estate Agent
    • Sereno - Sierra Foothills / Real Estate Agency
    • Sarah Rohde / Mortgage Lender
    • Mary Margaretich & Laif McClellan - Margaretich Team / Real Estate Agency
    • Susana Knox, Sereno Group / Real Estate Agent

    Property Details for 2428 Nevada City Hwy

    Year built
    1936
    Construction
    WOOD
    Lot size
    0.72 lot acres
    Property size
    1,853 SF
    Zone code
    R
    Property type
    Office buildings
    APN
    035-221-025-000
    APU
    35221025000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $520,000

    • CAP approach

      CAP return
      Estimation
      6%
      $590,000
      6.5%
      $540,000
      7%
      $525,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $545,000
      Geo Method
      $525,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $565,000
      Retail
      $505,000
      Mixed-Use
      $610,000
      Hospitality
      $675,000
      Educational
      $640,000
      Residential Income
      $525,000
      Energy
      $590,000
      Income-Based Land
      $510,000
      Food Service
      $565,000

    Location Insight

    • Map
    • Local Demand
    City
    Grass Valley
    County
    Nevada
    State
    California
    Longitude
    -121.036
    Latitude
    39.243
    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
    $6,398
    $191,017
    $376,728
    $567,745
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,501 SF

      13366 Grass Vly Ave

      PROFESSIONAL BUILDING • 2,501 SF
      13366 Grass Vly Ave, Grass Valley, CA 95945-9549
      View Details
    • Value Estimation by Request
      5,496 SF

      102 Catherine Ln

      PROFESSIONAL BUILDING • 5,496 SF
      102 Catherine Ln, Grass Valley, CA 95945-5701
      View Details
    • Value Estimation by Request
      1,974 SF

      280 Sierra College Dr Ste, Unit 125

      PROFESSIONAL BUILDING • 1,974 SF
      280 Sierra College Dr Ste, Grass Valley, CA 95945-5763
      View Details
    • Value Estimation by Request
      2,303 SF

      280 Sierra College Dr Ste, Unit 240

      PROFESSIONAL BUILDING • 2,303 SF
      280 Sierra College Dr Ste, Grass Valley, CA 95945-5763
      View Details
    • Value Estimation
      $270,000
      1,000 SF

      565 Brunswick Rd Ste, Unit 3

      PROFESSIONAL BUILDING • 1,000 SF
      565 Brunswick Rd Ste, Grass Valley, CA 95945-9529
      View Details
    • Value Estimation by Request
      19,361 SF

      175 Joerschke Dr

      PROFESSIONAL BUILDING • 19,361 SF
      175 Joerschke Dr, Grass Valley, CA 95945-5259
      View Details

    Similar Nearby for Sale

    • $1,300,000
      11,317 SF

      Grass Valley Office Building For Sale

      11,317 SF office building with multi-purpose room and ample parking.
      714 W Main St, Grass Valley, CA 95945
      View Details
    • $350,000

      Medical/Professional Office Near Hospital

      Single-level office building near Sierra Nevada Memorial Hospital.
      136 Glasson Way, Grass Valley, CA 95945
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    • $2,400,000
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      Two-Story Office Building For Sale

      Two-story office building with high occupancy in Grass Valley, CA.
      950 E Main St, Grass Valley, CA 95945
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    • $3,000,000
      11,675 SF

      Grass Valley Executive Office Building

      Class A office, owner-user opportunity, high cap rate.
      350 Crown Point Cir, Grass Valley, CA 95945
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    • $495,000
      2,100 SF

      Commercial Condos with Warehouse Space

      Two contiguous commercial condo units with office and warehouse space.
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    • $3,249,000
      7,405 SF

      Medical Offices Near Sierra Hospital

      Two medical office units, one leased, one vacant.
      280 Sierra College Dr, Grass Valley, CA 95945
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    Similar Nearby for Lease

    • Contact for pricing
      6,116 SF

      Nevada County Medical Office Space

      Prime Medical Office Suites Available Now
      448 Brunswick Rd, Grass Valley, CA 95945
      View Details
    • $1.25 SF/Yr
      15,737 SF

      Prime Grass Valley Office Space

      Class A Office Suites, 648-11,313 sq ft
      350 Crown Point Cir, Grass Valley, CA 95945
      View Details
    • $21 SF/Yr
      2,756 SF

      Grass Valley Executive Office Space

      Prime location, 2,756 sq ft available.
      1740 Main St, Grass Valley, CA 95945
      View Details
    • $16 SF/Yr
      38,230 SF

      Grass Valley Office Space Available

      Prime Nevada County office suites, immediate occupancy.
      471 Sutton Way, Grass Valley, CA 95945
      View Details
    • $1.20 SF/Yr
      2,400 SF

      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
    • $24 SF/Yr
      960 SF

      140 Litton Dr

      Medical offices
      140 Litton Dr, Grass Valley, CA 95945
      View Details
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    Grass Valley, CA 95945-7706
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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
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