Add Listing
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

    471 Sutton Way Grass Valley, CA 95945

    • Retail space
    • 35,350 SF
    • 4.23 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Last Sale
    Jul 18, 2022
    $4,925,000
    Value Estimations
    $3,715,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-3209993
    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

    • Millennium Planning & Engineering / General Contractor
    • Cookson and Bowman Insurance Services / Insurance Agency
    • Covered California Certified Agent - Lacey Bowman / Insurance Agency
    • Retired & Senior Volunteer / Community Center
    • Women of Worth / Social Service Agency / Charitable Organization

    Property Details for 471 Sutton Way

    Year built
    1980
    Construction
    WOOD
    Lot size
    4.23 lot acres
    Property size
    35,350 SF
    Zone code
    C
    Property type
    Retail space
    APN
    035-480-016-000
    APU
    35480016000

    Description

    Brunswick Plaza offers exceptional office space in Grass Valley, CA. This multi-tenant retail center, totaling 38,230 square feet, is situated in the desirable Brunswick Basin retail hub. The property boasts a prime location amongst established national retailers such as Safeway, SaveMart, Bank of America, RiteAid, Walgreens, Staples, CVS, and various national fast-food restaurants, ensuring high visibility and foot traffic. Currently, there are two available office spaces, ranging in size from 658 to 1,402 square feet, providing flexibility for businesses of varying needs. The building's classification is Traditional Office, with a Commercial subtype, and it operates under multiple tenancies. The address is 471 Sutton Way, Grass Valley, CA 95945, in Nevada County. A total of 1,402 square feet is currently vacant, presenting an immediate opportunity for businesses seeking ready-to-occupy space in a thriving retail environment. This location offers excellent access to amenities and a strong customer base, making it an ideal choice for businesses seeking a strategic location in Grass Valley. The property is categorized as both Retail and Office, providing a versatile space suitable for a range of commercial uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,580,000
      ML approach
      $2,640,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,396,000
      Market price range: $2.60M - $7.11M
      AI Estimate
      $2,818,000
      Market price range: $1.29M - $5.19M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,175,000
      Current use
      OFFICE BUILDING
      $6,030,000
      Change: +17% Conversion: Easy
      COMMERCIAL (GENERAL)
      $5,785,000
      Change: +12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Grass Valley
    County
    Nevada
    State
    California
    Longitude
    -121.035
    Latitude
    39.2324
    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
    $47,983
    $1,530,000
    $2,677,500
    $4,207,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,684 SF

      112 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,684 SF
      112 Main St, Grass Valley, CA 95945-4706
      View Details
    • Value Estimation
      $540,000
      2,651 SF

      712 Auburn St

      RETAIL STORES (PERSONAL SERVICES) • 2,651 SF
      712 Auburn St, Grass Valley, CA 95945-4301
      View Details
    • Value Estimation
      $540,000
      2,785 SF

      453 Auburn St

      RETAIL STORES (PERSONAL SERVICES) • 2,785 SF
      453 Auburn St, Grass Valley, CA 95945-7224
      View Details
    • Value Estimation
      $1,045,000
      9,600 SF

      800 Auburn St

      RETAIL STORES (PERSONAL SERVICES) • 9,600 SF
      800 Auburn St, Grass Valley, CA 95945-4325
      View Details
    • Value Estimation
      $2,355,000
      12,750 SF

      410 Brunswick Rd

      RETAIL STORES (PERSONAL SERVICES) • 12,750 SF
      410 Brunswick Rd, Grass Valley, CA 95945-5168
      View Details
    • Value Estimation by Request
      5,696 SF

      420 Colfax Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,696 SF
      420 Colfax Ave, Grass Valley, CA 95945-6814
      View Details

    Similar Nearby for Sale

    • $795,000
      Pending

      Auto Body-Repair Shop For Sale

      Auto body-repair shop with highway visibility and frontage.
      1317 Sutton Way, Grass Valley, CA 95945
      View Details
    • Contact for pricing

      Established Powersport Repair Business For Sale

      Commercial property with established powersport repair business, Mark's Cycle Store.
      144 Idaho Maryland Rd, Grass Valley, CA 95945
      View Details
    • $795,000
      Pending

      Auto Body Shop For Sale

      Auto body-repair shop with highway visibility and frontage.
      1317 Sutton Way, Grass Valley, CA 95945
      View Details
    • $350,000
      0.65 Acres

      Grass Valley Commercial Land - $350K

      .65-acre developable lot, 25 parking spaces.
      580 Brunswick Rd, Grass Valley, CA 95945
      View Details
    • $3,000,000

      Manufacturing Warehouse Near County Airport

      29,000 SF manufacturing warehouse near Nevada County Airport.
      13355 Nevada City Ave, Grass Valley, CA 95945
      View Details
    • $2,075,369
      18,790 SF

      Fully Leased Industrial Investment Property

      Industrial building with five condo units, fully leased investment opportunity.
      12146 Grass Valley Ave, Grass Valley, CA 95945
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing
      2,250 SF

      Glenbrook Plaza Retail Space

      Retail space in a busy shopping center.
      562-688 Sutton Way, Grass Valley, CA 95945
      View Details
    • $21 SF/Yr
      2,756 SF

      Grass Valley Executive Office Space

      Prime location, 2,756 sq ft available.
      1740 Main St, Grass Valley, CA 95945
      View Details
    • $16 SF/Yr
      38,230 SF

      Grass Valley Office Space Available

      Prime Nevada County office suites, immediate occupancy.
      471 Sutton Way, Grass Valley, CA 95945
      View Details
    • 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
    • $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
    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.
    471 Sutton Way
    Grass Valley, CA 95945
    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.
    Sign Up Successful!
    You now have access to more from Realmo!