900 Main StGrass Valley, CA 95945

Property Details for 900 Main St

Year built

2002

Construction

TILT-UP CONCRETE

Lot size

1.06 AC

Property size (Sq ft)

23,131 SF

Zone code

C

Property type

Office buildings

APN

035-360-015-000

APU

35360015000

Description

This exceptional three-story, 23,137 square foot office building in Grass Valley, CA, presents a compelling investment or owner-user opportunity. Located on a 1.06-acre lot, this Class B property boasts 100% occupancy with a diverse tenant mix, generating solid cash flow. Built in 2003, the building features a freshly painted exterior, elevator service, and extensive recent upgrades, including fiber optic networking throughout and a fully automated HVAC system. The property benefits from a highly desirable NC-FLEX zoning designation, allowing for a wide range of uses, including hotel, retail, medical, multi-family, office, live/work, and mixed-use development. Situated near Sierra College, Sierra Nevada Memorial Hospital (a major regional hospital), and numerous technology and manufacturing companies, including Texas Instruments and General Dynamics, this location offers unparalleled access to a thriving community. The building also includes secure underground parking and 21 individual storage units. Conveniently located 64 miles from Sacramento International Airport, this property offers exceptional potential for long-term growth and return on investment. Partial owner financing may be available.

• CAP approach

  CAP return

  Valuation

  6%

  $3,634,750

  6.5%

  $3,355,154

  7%

  $3,115,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,181,926

  Geo Method

  $3,302,644

• Alternative Use

  Use

  Valuation

  Residential

  $4,160,391

  Hospitality

  $3,810,896

  Educational

  $3,170,621

  Medical

  $3,279,663

  Retail

  $4,932,077

Location Insight

City

Grass Valley

County

Nevada

State

California

Latitude

39.2284

Longitude

-121.052

CBSA code

46020

CBSA name

TRUCKEE-GRASS VALLEY, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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