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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Office buildings
440 Lowr Grass Vly Rd Nevada City, CA 95959-3116
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0572950
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1959
Construction
WOOD
Total area
3,131 SF
Lot
1.5 ac (65,340 SF)
Zoning code
C
APN
035-221-007-000
UPID
US09-0572950
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
$675k
CAP Approach
CAP
$625k
Comparable Approach
Comparable
$610k
Blend (final)
Blend
$700k
Owner & transaction history
Mardalynne M Caidwell Christensen · 4 yrs held
Mardalynne M Caidwell Christensen
since 2021
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
C · Nevada City, 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 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
$685,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
$675,000
6.5%
$625,000
7%
$580,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$675,000
Current use
COMMERCIAL (GENERAL)
$620,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $800k (Oct 27 2021)
Last sale anchor
$800k
Oct 27 2021
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
$224 / 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
$9,190
Tax year 2024
Assessed value
$832,320
Assessed 2024
Previous assessed
$832,320
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$208,080
Assessed improvement
$624,240
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1959
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Rooms
10
Bathrooms
3
Total area
3,131 SF
Lot
1.5 ac (65,340 SF)
Zoning code
C
APN
035-221-007-000
UPID
US09-0572950
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
OFFICE BUILDING Current
Est. value
$675,000
COMMERCIAL (GENERAL)
Est. value
$620,000
OFFICE BUILDING Current
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
1959
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
10
Bathrooms
3
Lot
1.5 ac
Current owner
From public records · entity-resolved
Mardalynne M Caidwell Christensen
Individual
Mailing address
441 WASHINGTON ST, NEVADA CITY, CA 95959-2628
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2021
$800,000
Mardalynne M Caidwell Christensen
Grass Valley Hydrogarden INC
Grant Deed
—
Aug 11, 2017
$810,000
Grass Valley Hydrogarden INC
Intentional Bliss LP
Grant Deed
$550,000 · Mccown Family Trust (pt)
Oct 31, 2016
$524,500
Intentional Bliss LP
Sierra View LLC
Grant Deed
$419,520 · Doug & Susan Mccown
Jun 6, 2001
—
Sierra View LLC
Marsh,dean D & Teresa
Grant Deed
related
—
Jun 25, 1999
$155,000
Dean D Marsh
Ferrellgas Incorporated
Grant Deed
—
Jan 3, 1994
$330,000
Propane Superior
Heath,maskey M &
Grant Deed
—
Feb 13, 1990
$265,000
Maskey M Heath
Unknown
Grant Deed
—
—
—
Dean D Marsh
—
Deed Of Trust
related
$116,776 · Wells Fargo Bank
—
—
Dean Marsh
—
Deed Of Trust
related
$60,000 · Individual
—
—
Sierra View LLC
—
Deed Of Trust
related
$75,000 · Tri Counties Bank
—
—
Dean Marsh
—
Deed Of Trust
related
$55,000 · Individual
—
—
Sierra View LLC
—
Deed Of Trust
related
$350,000 · Bank Of America
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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