Mixed-Use Property with
For Sale
$375,000
2 Newcombe, Yerington, NV 89447
Ground-floor commercial space is paired with a furnished upstairs apartment and month-to-month tenancy.
Property Size2,468 SF
Price / SF$151.94
Days on Market514
Property Features for 2 Newcombe
General Information
Standard status
Active
Size
2,468 SF
Property subtype
Commercial
Building Details
Year Built
1978
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Chase International-Damonte
Listed By:
Corry Castaneda · License #B.1001732
(775) 745-2194
Source:
Ferrari-lund
Added: May 18, 2025
Changed: Oct 11
Last Checked: Oct 12 at 8:41PM
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 Chase International-Damonte
Investment Insights
Based on property information with market context.
This mixed-use building at 2 Newcombe Avenue includes two vacant commercial units on the ground level, offering office and finished commercial space. The lower floor measures 1,264 square feet and includes two bedrooms or offices, one bathroom, and a kitchen. A separate 600-square-foot garage conversion provides finished space that previously served as a computer retail business. Past commercial uses have included insurance, technology consulting, wellness services, and a nail shop.
The 1,264-square-foot upper level is furnished and configured with three bedrooms, one bathroom, and a washer and dryer. It is currently leased month-to-month, creating a separate residential component within the property. The building was constructed in 1978 and features paved driveway access, landscaped grounds, and central air, refrigeration, and window or wall unit systems.
The 1,264-square-foot upper level is furnished and configured with three bedrooms, one bathroom, and a washer and dryer. It is currently leased month-to-month, creating a separate residential component within the property. The building was constructed in 1978 and features paved driveway access, landscaped grounds, and central air, refrigeration, and window or wall unit systems.
Key Highlights
- Two vacant ground‑floor commercial units at 2 Newcombe Avenue
- 1,264‑square‑foot lower level with two bedrooms/offices, one bath, and a kitchen
- 600‑square‑foot finished garage conversion formerly used for computer retail
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,657
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,140
$433.1K
Cap Rate 7%
$309,386
$309.4K
Cap Rate 9%
$240,633
$240.6K
Market Conditions
NOI Build-Up for 2,468 SF
Gross rent
$38.5K $15.60/SF
− Vacancy
−$3.9K −$1.56/SF
EGI
$34.7K $14.04/SF
− OpEx
−$13.0K −$5.27/SF
NOI
$21.7K $8.77/SF
Area
Lyon County, NV
Vacancy
10.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,140
Cap Rate 7%
$309,386
Cap Rate 9%
$240,633
Alternative Uses
Best Use
Office B
$623.3K
$545.4K – $727.1K
NOI $43,628 @ 7.0% cap · market cap 11.63%
Second Best
Mixed Use
$309.4K
$270.7K – $361.0K
NOI $21,657 @ 7.0% cap · market cap 5.78%
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space is paired with a furnished upstairs apartment and month-to-month tenancy.
Where is this mixed-use property located?
The property is located at 2 Newcombe 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: Two vacant ground‑floor commercial units at 2 Newcombe Avenue; 1,264‑square‑foot lower level with two bedrooms/offices, one bath, and a kitchen; 600‑square‑foot finished garage conversion formerly used for computer retail
