Mixed-Use Property with Furnished
For Sale
$375,000
2 Newcombe Avenue, Yerington, NV 89447
Commercial Sale, Yerington, NV
Property Size2,468 SF
Lot Size0.15 Acres
Price / SF$151.94
Days on Market365
Property Features for 2 Newcombe Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C1
Window features
Single Pane Window(s)
Fencing
Chain Link
Lot features
Landscaped, Sprinklers In Front
Directions
Main St. to Newcombe Ave
Standard status
Active
APN
001-058-03
Size
2,468 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
1764
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air, Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
washer/dryer
Building Details
Year built
1978
Floors in Building
2
Flooring type
Carpet, Laminate
Building materials
Stone, Wood Siding
Roof type
Metal
Listing Agency:
Chase International-Damonte
(775) 850-5900
Listed By:
Corry Castaneda · License #B.1001732
(775) 745-2194
Added: Sep 16, 2025
Changed: Sep 12
Last Checked: Sep 15 at 7:06PM
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.
Investment Insights
Based on property information with market context.
This 2,468-square-foot mixed-use building includes two vacant ground-floor commercial units and a 600-square-foot finished area converted from the former garage. The converted space previously served as a computer retail business. Commercial uses previously occupying the lower level included insurance, technology consulting, wellness services, and a nail shop. The upper level is a furnished 1,264-square-foot apartment with three bedrooms, one bath, and a washer and dryer.
The apartment is currently leased month to month, while the commercial areas are available for owner use or reconfiguration. The property sits on 0.15 acres along Main Street in Yerington and carries C1 zoning. Building systems and materials include forced-air natural-gas heat, central and wall/window-unit cooling, a metal roof, stone and wood siding, public water, public sewer, and cable availability.
The apartment is currently leased month to month, while the commercial areas are available for owner use or reconfiguration. The property sits on 0.15 acres along Main Street in Yerington and carries C1 zoning. Building systems and materials include forced-air natural-gas heat, central and wall/window-unit cooling, a metal roof, stone and wood siding, public water, public sewer, and cable availability.
Key Highlights
- 2,468 SF mixed‑use building on 0.15 acres
- Two vacant ground‑floor commercial units
- 600 SF fully finished commercial space converted from the garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,889
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$637,780
$637.8K
Cap Rate 7%
$455,557
$455.6K
Cap Rate 9%
$354,322
$354.3K
Market Conditions
NOI Build-Up for 2,468 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$60.7K $24.60/SF
− Vacancy
−$2.7K −$1.11/SF
EGI
$58.0K $23.49/SF
− OpEx
−$26.1K −$10.57/SF
NOI
$31.9K $12.92/SF
Area
Lyon County, NV
Vacancy
4.50%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$637,780
Cap Rate 7%
$455,557
Cap Rate 9%
$354,322
Alternative Uses
Best Use
Office B
$623.3K
$545.4K – $727.1K
NOI $43,628 @ 7.0% cap · market cap 11.63%
Second Best
Apartment 5plus
$455.6K
$398.6K – $531.5K
NOI $31,889 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$760.6K
$665.5K – $887.4K
NOI $53,242 @ 7.0% cap · market cap 14.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Office units
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Explore this area
Business Placement
Demographics for 89447, NV
8,305
Population
3,878
Households
2.1
Avg Household Size
47
Median Age
13%
College-Educated
82%
High-School Grad
853.8 sq mi
ZIP Area
10
Density / Sq Mi
$52,553
Median Household Income
$30,802
Median Earnings
$803
Median Rent
$243,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - C1-zoned building combines vacant commercial areas with a month-to-month residential unit.
Where is this mixed-use property located?
The property is located at 2 Newcombe Avenue Yerington, NV.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,468 SF mixed‑use building on 0.15 acres; Two vacant ground‑floor commercial units; 600 SF fully finished commercial space converted from the garage
