Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    305 Main St Grass Valley, CA 95945-6433

    • Assisted living facilities
    • 33,417 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    $795,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3249661
    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

    • Bret Harte Retirement Inn / Retirement Community / Nursing Home

    Property Details for 305 Main St

    Year built
    1917
    Construction
    TILT-UP CONCRETE
    Lot size
    0.34 lot acres
    Property size
    33,417 SF
    Zone code
    C
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    008-344-006-000
    APU
    8344006000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $680,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $913,000
      Market price range: $625k - $1.59M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $1,185,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Grass Valley
    County
    Nevada
    State
    California
    Longitude
    -121.064
    Latitude
    39.2189
    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
    $44,037
    $841,275
    $3,124,746
    $3,966,021
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $950,000
      32,000 SF

      396 Dorsey Dr

      HOMES (RETIRED, NURSING) • 32,000 SF
      396 Dorsey Dr, Grass Valley, CA 95945-5368
      View Details
    • Value Estimation by Request
      2,150 SF

      152 Saint Johns Dr

      HOMES (RETIRED, NURSING) • 2,150 SF
      152 Saint Johns Dr, Grass Valley, CA 95945-5532
      View Details
    • Value Estimation by Request
      3,196 SF

      303 Bennett St

      HOMES (RETIRED, NURSING) • 3,196 SF
      303 Bennett St, Grass Valley, CA 95945-6804
      View Details
    • Value Estimation
      $3,065,000
      145,522 SF

      625 Eskaton Cir

      HOMES (RETIRED, NURSING) • 145,522 SF
      625 Eskaton Cir, Grass Valley, CA 95945-5727
      View Details
    • Value Estimation
      $1,100,000
      69,711 SF

      131 Eureka St

      HOMES (RETIRED, NURSING) • 69,711 SF
      131 Eureka St, Grass Valley, CA 95945-6355
      View Details
    • Value Estimation by Request
      2,909 SF

      214 Catherine Ln

      HOMES (RETIRED, NURSING) • 2,909 SF
      214 Catherine Ln, Grass Valley, CA 95945-5802
      View Details

    Similar Nearby for Sale

    • $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
      View Details
    • $200,000
      0.40 Acres

      Grass Valley Commercial Land For Sale

      High-profile 0.4-acre commercial lot.
      438 Main St, Grass Valley, CA 95945
      View Details
    • $950,000
      9.07 Acres

      Grass Valley Commercial Land - $950K

      9.07 Acres, R3-PD Zoning, Development Potential
      10715 Brunswick Rd, Grass Valley, CA 95945
      View Details
    • $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
      View Details
    • $730,000
      5 SF

      Grass Valley Corner Land Site

      5.91 acre corner lot in Grass Valley for sale.
      Lot 13 & 14 Southeast Cor Of Sierra College Dr And Rdg Rd, Grass Valley, CA 95945
      View Details
    • $495,000
      2,100 SF

      Commercial Condos with Warehouse Space

      Two contiguous commercial condo units with office and warehouse space.
      143 Spring Hill Dr, Grass Valley, CA 95945
      View Details

    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
    • $24 SF/Yr
      960 SF

      140 Litton Dr

      Medical offices
      140 Litton Dr, 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
    • Contact for pricing
      18,024 SF

      Glenbrook Plaza Retail Space

      Retail space in a busy shopping center.
      720 Sutton Way, Grass Valley, CA 95945
      View Details
    • $1.20 SF/Yr
      16,400 SF

      Renovated Industrial Units with Yard

      Light industrial units for lease with yard and recent renovations.
      12555 Loma Rica Dr, Grass Valley, CA 95945
      View Details
    • $1.00 SF/Yr
      10,000 SF

      Industrial Buildings Near Nevada Airport

      Two industrial buildings totaling ±10,000 SF near Nevada County Airport.
      12817-12819 Loma Rica Dr, Grass Valley, CA 95945
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    305 Main St
    Grass Valley, CA 95945-6433
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.