Building Details

Building Size 3,618 SF

Year Built 1884

Stories 3

Listed By: Danielle Campbell Show Phone

Source: Evrealestate

Added: Sep 16 Changed: Sep 26 Last Checked: Oct 5 at 6:28PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Danielle Campbell

Investment Insights

Based on property information with market context.

This residential income property dates to 1884 and has unit-specific interior features. Heating includes electric and baseboard systems, with pellet stoves in some spaces; ceiling fans are also present. Kitchens include ovens, microwaves, and refrigerators, while laundry appliances include washers and dryers. Crawl space construction is noted. The property is zoned residential/commercial.

The address is 121 S B Street in Virginia City, Nevada. Directions reference access from Goldhill via South C Street and South B Street, and from VC Highlands via Highway 341 to B Street.

Key Highlights

• Built in 1884
• Residential/commercial zoning
• Heating varies by unit, including electric, baseboard, and pellet stoves

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,749

Cap Rate

6.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$934,980 $935.0K

Cap Rate 7%

$667,843 $667.8K

Cap Rate 9%

$519,433 $519.4K

Market Conditions

NOI Build-Up for 3,618 SF

Gross rent

$89.0K $24.60/SF

− Vacancy

−$4.0K −$1.11/SF

EGI

$85.0K $23.49/SF

− OpEx

−$38.2K −$10.57/SF

NOI

$46.7K $12.92/SF

Area

Storey 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 Rate 5%

$934,980

Cap Rate 7%

$667,843

Cap Rate 9%

$519,433

Alternative Uses

Best Use

Apartment 5plus

$667.8K

$584.4K – $779.2K (±1% cap)

NOI $46,749 @ 7.0% cap · market cap 6.63%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.12M

$975.7K – $1.30M (±1% cap)

NOI $78,052 @ 7.0% cap · market cap 11.07%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Residential income properties

Location Intelligence

Demographics for 89440, NV

908

Population

614

Households

1.5

Avg Household Size

57

Median Age

47%

College-Educated

83%

High-School Grad

12.5 sq mi

ZIP Area

73

Density / Sq Mi

$109,286

Median Household Income

$456,900

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this residential income properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Residential income property - Multiple units have varying electric and baseboard systems, with pellet stoves also present.

Where is this residential income property located?

The property is located at 121 S B Street Virginia City, NV.

What is the asking price?

The asking price for this property is $705,000.

What are key features of this property?

This property features: Built in 1884; Residential/commercial zoning; Heating varies by unit, including electric, baseboard, and pellet stoves