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Property profile & analytics
OFF-MARKET
Turn key restaurants
450 Colfax Ave Grass Valley, CA 95945-6840
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-5592269
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1933
Construction
WOOD
Total area
4,308 SF
Lot
0.27 ac (11,761 SF)
APN
009-280-028-000
UPID
US09-5592269
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
Lorelei R Craig · 3 yrs held
Lorelei R Craig
since 2023
Last sale
$425,000
7 recorded transactions
Zoning & alternative use
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
$5,451
Tax year 2024
Assessed value
$503,973
Assessed 2024
Previous assessed
$503,973
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$147,916
Assessed improvement
$356,057
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1933
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Total area
4,308 SF
Lot
0.27 ac (11,761 SF)
APN
009-280-028-000
UPID
US09-5592269
Jurisdiction
NEVADA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1933
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Lorelei R Craig
Individual
Mailing address
450 COLFAX AVE, GRASS VALLEY, CA 95945-6840
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2023
—
Lorelei R Craig
Ronald R Conte
Intrafamily Transfer
related
—
May 8, 2017
$425,000
North American Technologies
Tr Icounties Bank
Grant Deed
$340,000 · Jpmorgan Chase Bank NA
Jun 23, 2014
$429,758
Tri Counties Bank
Placer Foreclosure|goombas LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Oct 27, 2009
—
Goombas LLC
Lori M Reynolds-hamilton
Grant Deed
$417,647 · Citizens Bk/nthrn Ca
Apr 11, 2008
$300,000
Lori M Reynolds Hamilton
Olympic Mortgage Fund LLC
Grant Deed
$635,000 · Olympic Mortgage & Investment Co INC
May 31, 2007
$300,000
Olympic Mortgage Fund LLC
Placer Foreclosure INC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Sep 3, 1999
$110,000
Donald W Johnson
Adams,steve E
Grant Deed
related
$82,209 · Seller
Jun 9, 1995
$14,500
Steve E Adams
Hall Trust
Grant Deed
$14,322 · Seller
Nov 8, 1994
—
Hall Trust
Hall,jerald W & Irene
Quit Claim Deed
related
—
Mar 31, 1994
—
Hattie M Hutchinson
Hinish,pamela
Quit Claim Deed
related
—
—
—
Reynolds-hamilton,lori M
—
Loan Modification
related
$75,000 · Olympic Mtg Fund
—
—
Johnson,donald W III
—
Deed Of Trust
related
$250,000 · Gold Cntry Lenders
—
—
Donald W Johnson
—
Deed Of Trust
related
$40,000 · Gold Country Lenders INC
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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