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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Office buildings
590 Searls Ave Nevada City, CA 95959-3043
Individually Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3259363
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2002
Construction
WOOD
Total area
5,575 SF
Lot
1 ac (43,560 SF)
Zoning code
R
APN
005-270-036-000
UPID
US10-3259363
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
$1.11M
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.09M
Owner & transaction history
Connolly,judith L Tr · 17 yrs held
Connolly,judith L Tr
since 2008
7 recorded transactions
Zoning & alternative use
R · Nevada City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+26.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,205,000
6.5%
$1,110,000
7%
$1,030,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,205,000
Current use
RESTAURANT
$1,530,000
Change: +27% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,105,000
Change: -8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,065,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±10%
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
$196 / 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
$11,324
Tax year 2024
Assessed value
$1,050,801
Assessed 2024
Previous assessed
$1,050,801
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$591,076
Assessed improvement
$459,725
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
2002
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
9
Bathrooms
2
Total area
5,575 SF
Lot
1 ac (43,560 SF)
Zoning code
R
APN
005-270-036-000
UPID
US10-3259363
Jurisdiction
NEVADA
Zoning & alternative use
R · Nevada City, CA
Zoning R · permitted uses
R · 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
$1.2M
RESTAURANT
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
INDUSTRIAL (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
2002
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
9
Bathrooms
2
Lot
1 ac
Current owner
From public records · entity-resolved
Connolly,judith L Tr
Individual
Mailing address
10493 KING WAY, GRASS VALLEY, CA 95949-9400
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2008
—
Connolly,judith L Tr
Owner Name Unavailable
Grant Deed
related
—
Sep 4, 2008
—
Csr Trust
Hcr Family Trust
Grant Deed
—
Mar 5, 2008
—
Biagini,zora M Tr
Hcr Family Trust
Grant Deed
related
—
Feb 8, 2008
—
Hcr Family Trust
Zora M Biagini
Grant Deed
—
Oct 15, 2004
$1,200,000
Biagini,zora M
Robert D Green
Grant Deed
—
Dec 22, 1998
$150,000
Robert D Green
Holloway Trust
Grant Deed
$175,000 · Velikonia Trust
—
—
Robert D Green
—
Deed Of Trust
related
$270,000 · Citizens Bank Nevada County
—
—
Biagini,zora M
—
Deed Of Trust
related
$2,900,000 · Hcr Family Trust
—
—
Robert D Green
—
Deed Of Trust
related
$588,000 · Citizens Bank Nevada County
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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