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    2 Newcombe Ave Yerington, NV 89447

    View on Map
    Sponsored
    For Sale
    $440,000

    COMMERCIAL - Yerington, NV

    Type:Office
    Property size:
    2,468 SF
    Lot size:
    0.15 Acres
    Days on Market:
    37
    Last Refresh:
    Mar 7 at 4:06 am

    Property Features for 2 Newcombe Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Window features
    Single Pane Window(s)
    Zoning
    C1
    APN
    001-058-03
    Fencing
    Chain Link
    Size
    2,468 SF
    Lot size
    0.15 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Window Unit(s), Wall/Window Unit(s), Central Air
    Water source
    Public

    Building Details

    Year built
    1978
    Floors in Building
    2
    Flooring type
    Carpet, Laminate
    Building materials
    Stone, Wood Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Corry Castaneda

    Chase International Real Estate (866) 889-4817

    Listing agent Corry Castaneda (775) 745-2194 License #B.1001732

    Listing date Jan 30, 2026

    MLS# 250055958

    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.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Property on Main Street

    Located in the heart of Yerington, NV, 2 Newcombe Avenue presents a mixed-use property suitable for either an owner-user or investment. Situated directly on Main Street, this property is suited for professionals seeking a visible and flexible location. The ground floor features two vacant commercial units, suitable for accountants, insurance agents, attorneys, real estate brokers, financial advisors, or other business professionals, as well as service-based businesses such as consultants, therapists, or specialty retailers. The bottom floor is 1,264 square feet, featuring two bedrooms/offices, one bath, and a kitchen. The garage portion of the building has been converted to 600 square feet of finished commercial space, previously used as a retail space. The bottom floor has been used for businesses including insurance, technology consulting, a wellness center, and a nail shop. The top floor is a fully furnished 1,264-square-foot apartment with three bedrooms, one bath, and a washer and dryer. Currently rented on a month-to-month basis, the upstairs apartment allows an owner-user to offset expenses with rental income or live upstairs and work downstairs. The property is situated on a 0.15-acre lot. The building has a total size of 2,468 square feet. This property offers a combination for professionals and investors, providing cash flow while preserving flexibility to reconfigure, raise rents, or occupy as desired.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Yerington
    County
    Lyon
    State
    Nevada
    Longitude
    -119.163477
    Latitude
    38.992144

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    FAQs

    What type of property is this?
    Mixed-use property - Versatile mixed-use property in central Yerington, suitable for owner-user or investment.
    Where is this mixed-use property located?
    The property is located at 2 Newcombe Ave Yerington, NV.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: - Prime Main Street location in the heart of Yerington, offering high visibility and accessibility for businesses.; - Mixed-use property with income-producing potential from the upstairs apartment, currently rented month-to-month.; - Versatile layout suitable for owner-users or investors, with ground-floor commercial space and a fully furnished upstairs apartment.
    (775) 745-2194
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    2 Newcombe Ave Yerington, NV 89447
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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
    2 Newcombe Ave Yerington, NV 89447
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    We can help!
    Listing Contact
    Corry Castaneda
    Real Estate License ID: B.1001732
    (775) 745-2194
    Learn more
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