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    Carson City Retail/Office/Warehouse Space Title is generated by Realmo AI

    3745-3745 N Carson St, Carson City, NV 89701

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    For Lease
    $4,413/Mo $13 SF/Yr (calc)

    Corner retail/office/showroom and drive-in warehouse space for lease.

    Property size:
    3,837 SF
    Added:
    May 12, 2025
    Days on Market:
    380
    Last Refresh:
    May 21 at 5:52 pm

    Property Features for 3745-3745 N Carson St

    General Information

    Standard status
    Active
    Size
    3,837 SF

    We can help!

    Listing Contact
    Theresa Preston
    Theresa Preston

    Listing agent Theresa Preston License #S.178056

    Listing office Coldwell Banker Select Reno

    Listing date May 12, 2025

    Source Exprealty

    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 Coldwell Banker Select Reno

    HighLights

    • High‑visibility corner end cap location on busy N Carson Street and College Parkway.
    • Drive‑in warehouse with roll‑up door, suitable for retail, office, or showroom use.
    • Ample parking and easy access from both College Parkway and N Carson Street.
    • Located in an established center with tenants including Sherwin Williams and Port of Subs.
    • Close proximity to Western Nevada College (WNC), Carson Tahoe Hospital, Silver Oak Golf Course, hotels, and restaurants.
    • Easy access to I‑580 and Hwy 50E (Business 395).

    Overview

    Available for lease is a versatile space of approximately 3,837 square feet, offered at $1.20 per square foot plus Common Area Maintenance (CAM). This bright corner end-cap unit is suitable for retail, office, or showroom purposes and includes a drive-in warehouse area with a roll-up door. The property boasts excellent visibility and ample parking. Situated on the corner of North Carson Street and College Parkway, the location provides access from both thoroughfares. The center's tenants include Sherwin Williams and Port of Subs. The property is near Western Nevada College (WNC), Carson Tahoe Hospital, Silver Oak Golf Course, hotels, and restaurants. It is located across from Save Mart with frontage on North Carson Street and easy access to I-580 and Highway 50E, located on Business 395. The lease is Gross Modified (GM), where the tenant pays base rent and a proportional share of costs such as taxes, utilities, insurance, and maintenance monthly, in addition to unit-specific utilities. CAM is reviewed annually and includes water, sewer, and common building expenses. Some units share gas and electric meters, with costs billed monthly.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Carson City
    County
    Douglas
    State
    Nevada
    Longitude
    -119.7679138
    Latitude
    39.1329648

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    FAQs

    What type of property is this?
    Retail space - Corner retail/office/showroom and drive-in warehouse space for lease.
    Where is this retail space located?
    The property is located at 3745-3745 N Carson St Carson City, NV.
    What is the lease rate?
    The lease rate is $4,413 /Mo.
    What are key features of this property?
    This property features: High‑visibility corner end cap location on busy N Carson Street and College Parkway.; Drive‑in warehouse with roll‑up door, suitable for retail, office, or showroom use.; Ample parking and easy access from both College Parkway and N Carson Street.
    (775) 297-1909
    We can help!
    Listing Contact
    Theresa Preston
    Theresa Preston
    Real Estate License ID: S.178056
    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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