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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Office buildings
406 Main St Grass Valley, CA 95945-6534
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-2367837
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2002
Construction
WOOD
Total area
7,714 SF
Lot
0.36 ac (15,681 SF)
Zoning code
C
APN
009-230-038-000
UPID
US09-2367837
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
-
Meg Luce Marriage and Family Therapist Marriage Or Relationship Counselor Psychotherapist
-
Andrew Lmft Mazer Marriage Or Relationship Counselor
-
Interim HealthCare of Grass Valley Home Health Care Service Hospice
-
Sierra Pacific Mortgage Loan Service Bank
-
Michelle Belmonte, NMLS #333076 Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$975k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$773k
Blend (final)
Blend
$975k
Owner & transaction history
Main Street Offices LLC
Main Street Offices LLC
since 2025
Last sale
$975,000
7 recorded transactions
Zoning & alternative use
C · Grass Valley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$975,000
ML approach
$975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,315,000
Current use
COMMERCIAL (GENERAL)
$1,260,000
Change: -4% · Conversion: Easy
RETAIL STORES
$1,130,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±10% · vs last sale $975k (Apr 17 2024)
Last sale anchor
$975k
Apr 17 2024
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
$126 / 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
$9,146
Tax year 2024
Assessed value
$850,883
Assessed 2024
Previous assessed
$850,883
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$240,359
Assessed improvement
$610,524
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2002
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
2
Total area
7,714 SF
Lot
0.36 ac (15,681 SF)
Zoning code
C
APN
009-230-038-000
UPID
US09-2367837
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
OFFICE BUILDING Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
2002
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
Main Street Offices LLC
Entity
Mailing address
3225 MCLEOD DR #100, LAS VEGAS, NV 89121-2257
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2025
—
Main Street Offices LLC
406 412 East Main LLC
Grant Deed
$766,500 · Bank Of America NA
Apr 17, 2024
$975,000
406 412 East Main LLC
Mereline Shepherd
Grant Deed
$780,000 · Banner Bank
Apr 18, 2014
$708,000
Mereline Coakley
Jeffrey Milam
Grant Deed
—
Apr 18, 2014
—
Mereline Coakley
Jay Coakley
Quit Claim Deed
related
—
Oct 24, 2011
$640,000
Milam,jeffrey
Tri Cntys Bk
Grant Deed
—
Dec 1, 2010
$940,000
Citizens Bk Of Nv Cnty
Placer Foreclosure INC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Mar 3, 2004
—
Linx INC
Lester,philip N & Ellen C
Grant Deed
related
—
Sep 13, 2000
$250,000
Philip N Lester
Ninety Five Ten
Grant Deed
$250,000 · Rieger Trust
Jun 30, 1998
$215,000
Ninety Five Ten
Wilson,robert K & Terrell B
Grant Deed
$3,000 · Seller
—
—
Lynx Ventures INC
—
Deed Of Trust
related
$275,000 · John Schmidl INC
—
—
Philip N Lester
—
Deed Of Trust
related
$975,000 · Citizens Bank Nevada County
—
—
Philip N Lester
—
Deed Of Trust
related
$249,600 · Citizens Bank Nevada County
—
—
Philip N Lester
—
Deed Of Trust
related
$150,000 · Gold Country Lenders INC
—
—
Philip N Lester
—
Deed Of Trust
related
$700,000 · Reidy Trust
—
—
Linx Group INC
—
Deed Of Trust
related
$950,000 · Gold Cntry Lenders
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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