741-749 Maltman Dr Bureau 462 m² 77 % Loué À vendre Grass Valley, CA 95945 592 583 € (1 281,85 €/m²) Taux de capitalisation 5,49 %

Coldwell Banker Grass Roots Commercial is pleased to present for sale the Welz Foundation Building located at 749 Maltman Drive in Grass Valley, California. This ±4,976 square foot, two-story retail/office property is elevator-served and strategically located in the heart of the Brunswick Basin—the primary commercial hub of western Nevada County. Constructed in 1980 using conventional wood frame construction, the building has been well maintained and offers a compelling blend of stable cash flow and upside for investors.
The property is currently 76.50% occupied and offered at a 5.49% in-place cap rate. At a market-supported occupancy level of 95%, the property stabilizes at a 7.81% cap rate. The current weighted average rental rate is $1.00/SF/month NNN, with tenants reimbursing approximately $0.35/SF/month. In-place rents are approximately 10% below market, presenting near-term upside through lease renewals and lease-up of the vacancies. The property is currently demised into six total suites ranging from 520 to 1,328 square feet, with an average suite size of approximately 820 square feet—offering flexibility and strong leasing appeal to a broad spectrum of small office and service users. These efficient, right-sized suites align with local demand, making them highly desirable for the typical tenant base of the Grass Valley market.
The Real Graphic Source, a well-established print and copy shop, occupies the entire ground floor (four suites totaling 2,368 SF) and has been a tenant for approximately 15 years. Two upstairs units—520 SF and 640 SF—are currently vacant and in turnkey condition. These spaces have been marketed by the current ownership but have not been listed on major commercial real estate platforms, offering untapped leasing potential. Given the property’s location and ideal suite sizes, absorption of the vacancies is expected to be swift under active leasing efforts.
The building has been well maintained, featuring a newer membrane roof over the flat portion and relatively new HVAC systems throughout. The elevator is maintained under a professional annual service contract.
This offering represents an opportunity to acquire a well-located, multi-tenant asset in the core of Grass Valley’s commercial corridor, with strong in-place
income and meaningful value-add potential through lease-up of existing vacancies and rent growth to market.