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    Historic Magnolia Gallery & Inn Title is generated by Realmo AI

    103 Main Street, Austin, NV 89310

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    Claim this Listing
    New
    For Sale
    $450,000

    COMMERCIAL - Austin, NV

    Property size:
    2,057 SF
    Lot size:
    0.04 Acres
    Price / SF:
    $218/SF
    Added:
    May 7, 2026
    Days on Market:
    3
    Last Refresh:
    May 9 at 5:06 am

    Property Features for 103 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C1
    Parking
    3
    Parking features
    On Street
    Window features
    Single Pane Window(s), Display Window(s)
    Standard status
    Active
    APN
    001-078-04
    Size
    2,057 SF
    Lot size
    0.04 Acres

    Taxes and HOA fees

    Tax Annual Amount
    600

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    1870
    Floors in Building
    3
    Flooring type
    Laminate, Vinyl, Tile
    Building materials
    Brick
    Roof type
    Flat
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Candace Kelly
    Candace Kelly

    Listing agent Candace Kelly License #S.78600

    Listing office LPT Realty, LLC 1755 E Plumb Lane #251, Reno, NV

    Listing date May 7, 2026

    MLS# 260005676

    Copyright © 2026 Northern Nevada Regional MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Rare opportunity to own a restored historic landmark (built in 1864/1870) in the heart of Austin, Nevada.
    • Turnkey business opportunity with two fully appointed guest suites and a street‑level gallery/curio shop.
    • Prime location near numerous outdoor attractions.
    • Includes a private owner's apartment on the upper level.
    • Guest suites feature private bathrooms and comfortable accommodations.
    • The street‑level gallery/shop offers flexible display space.

    Overview

    The Magnolia Gallery & Inn, a restored landmark originally built in 1864, is centrally located in the heart of historic Austin, Nevada. This property offers the opportunity to own a piece of the Old West. Austin attracts visitors with its preserved architecture, rich mining history, nearby hot springs, petroglyphs, hiking trails, ATV recreation, and mountain scenery. The property features two guest suites, each with private bathrooms. One parlor suite includes a queen bedroom along with a queen sofa sleeper in the sitting area, offering approximately 400 square feet of living space. The upper level includes a private owner's apartment. Street-level access welcomes visitors into a gallery and curio shop with a counter area and flexible display space suitable for art exhibitions, boutique retail, antiques, specialty goods, or community gathering events. The property's layout creates potential for hospitality, retail, tourism, or creative business ventures. The property is 2057 square feet on a lot of 0.04 acres and is zoned C1. The property is intended for commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

    Restaurant Building Supply Hotel & Motel Department Store Storage Facility Discount Store Grocery & Convenience Store Bar & Pub Car Rental Facility Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Union Street Lodging — 69 Union St, Austin, NV 89310

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Lander
    State
    Nevada
    Longitude
    -117.0706449
    Latitude
    39.4927406

    FAQs

    What type of property is this?
    Bed & breakfast - Restored 1864 landmark in historic Austin, Nevada.
    Where is this bed & breakfast located?
    The property is located at 103 Main Street Austin, NV.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Rare opportunity to own a restored historic landmark (built in 1864/1870) in the heart of Austin, Nevada.; Turnkey business opportunity with two fully appointed guest suites and a street‑level gallery/curio shop.; Prime location near numerous outdoor attractions.
    (775) 340-9872
    We can help!
    Listing Contact
    Candace Kelly
    Candace Kelly
    Real Estate License ID: S.78600
    Learn More
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    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
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