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    The Largest CRE Database in the US with Over 1 Million Listings

    465 Industrial Park Dr Carson City, NV 89701

    Sponsored
    For Sale
    Under Contract
    $699,000

    MULTI_FAMILY - Carson City, NV

    Property size:
    2,240 SF
    Lot size:
    0.23 Acres
    Days on Market:
    13
    Last Refresh:
    Feb 4 at 5:06 am

    Property Features for 465 Industrial Park Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Window features
    Double Pane Windows
    Zoning
    Multi-family
    Rooms
    Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1
    Bedrooms
    2
    APN
    009-086-01
    Parking
    4
    Parking features
    Carport
    Patio and Porch features
    Deck, Patio
    Appliances
    Oven, Gas Range, Refrigerator
    Size
    2,240 SF
    Lot size
    0.23 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1965
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Vinyl
    Building materials
    Frame, Wood Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Kelli Potts
    Kelli Potts

    Ascent Property Group (153) 054-5034

    Listing agent Kelli Potts (530) 721-6632 License #S.192346

    Listing date Jan 23, 2026

    MLS# 250058567 Listing URL

    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

    Upgraded Fourplex Near Downtown

    This upgraded and well-maintained fourplex is located minutes from Downtown Carson City. The property is fully occupied and offers rental income, updates, private outdoor spaces, and stability in a high-demand market. All units have private, fenced backyards, some with small decks. One unit includes a large, covered carport. Originally a duplex, it was converted into four units with an efficient layout. Two larger units are approximately 756 square feet each, and two smaller units are 322 and 406 square feet. The mix of studio and two-bedroom floorplans appeals to tenants seeking convenience and affordability. A cosmetic remodel was completed across all units in late 2021, including interior and exterior paint, updated flooring, new cabinetry in select units, updated lighting and bathroom improvements in some units, and new appliances in most units. The roof was replaced in 2021. Tenants pay for refuse collection, while the owner covers gas, electric, water, and sewer, as utilities are not separately metered. The property is centrally located near employment centers, shopping, dining, and public transit. The property size is 2240 square feet on a lot of 0.23 acres. This fourplex presents an opportunity for buyers seeking cash flow and a well-positioned asset in Carson City.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Carson City
    County
    Douglas
    State
    Nevada
    Longitude
    -119.763299
    Latitude
    39.149039

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained fourplex with strong rental income in Carson City.
    Where is this quadplex located?
    The property is located at 465 Industrial Park Dr Carson City, NV.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Strong rental income from a fully occupied fourplex.; - Recently remodeled units (2021) with updated flooring, paint, cabinetry, lighting, and appliances.; - New roof installed in 2021, minimizing near-term maintenance.
    (530) 721-6632
    Request Owner's contact information
    465 Industrial Park Dr Carson City, NV 89701
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    Carson City, NV 89701
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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
    465 Industrial Park Dr Carson City, NV 89701
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    We can help!
    Listing Contact
    Kelli Potts
    Kelli Potts
    Real Estate License ID: S.192346
    (530) 721-6632
    Learn more
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