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Property profile & analytics
OFF-MARKET
Investment properties
411 Colfax Ave Grass Valley, CA 95945-6813
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-2661279
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1878
Construction
WOOD
Total area
1,592 SF
Lot
0.1 ac (4,356 SF)
Zoning code
R
APN
009-280-002-000
UPID
US09-2661279
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Eric Shaffer
Eric Shaffer
since 2026
Last sale
$439,000
7 recorded transactions
Zoning & alternative use
R · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,006
Tax year 2024
Assessed value
$465,868
Assessed 2024
Previous assessed
$465,868
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$106,120
Assessed improvement
$359,748
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1878
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Rooms
3
Bathrooms
2
Total area
1,592 SF
Lot
0.1 ac (4,356 SF)
Zoning code
R
APN
009-280-002-000
UPID
US09-2661279
Jurisdiction
NEVADA
Zoning & alternative use
R · Grass Valley, CA
Zoning R · permitted uses
R · 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.
Building & site characteristics
From public records
Year built
1878
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Rooms
3
Bathrooms
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Eric Shaffer
Individual
Mailing address
20890 COMANCHE TRL, LOS GATOS, CA 95033-8830
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2026
$460,000
Eric Shaffer
Michael Lerman
Grant Deed
$437,000 · Answer Home Lending INC
May 14, 2021
$439,000
Michael Lerman
Daniel D Guerrero
Grant Deed
$296,000 · Finance Of America Mortgage LLC
Jan 27, 2021
—
Daniel,o Guerrero & Eliz Trust
Elizabeth Guerrero
Quit Claim Deed
related
—
Feb 15, 2019
$320,000
Elizabeth Guerrero
Heuer 2010 Family Trust
Grant Deed
$288,000 · Quicken Lns
Oct 29, 2010
—
Heuer Family 2010 Trust
Katherine D Wood
Quit Claim Deed
related
—
Oct 22, 2002
—
Katherine D Wood
Wood,gary W & Katherine D
Quit Claim Deed
related
$123,750 · Washington Mutual Fsb
—
—
Katherine D Wood
—
Deed Of Trust
related
$60,000 · Chase Manhattan Bank USA NA
—
—
Katherine D Wood
—
Deed Of Trust
related
$120,500 · Chase Manhattan Mortgage Corp
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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