Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1535 Old Hot Springs Rd Carson City, NV 89706

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space available for rent at 1535 Old Hot Springs Rd.

    Type:Office
    Added:
    Apr 29, 2025
    Days on Market:
    354
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 1535 Old Hot Springs Rd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1984

    Spaces For Lease

    at 1535 Old Hot Springs Rd Contact us

    We can help!

    Listing Contact
    Samuel Douglass

    Listing agent Samuel Douglass License #NV B.143639.LLC

    Listing office Nevada Commercial Group

    Listing date Apr 29, 2025

    Source Crexi

    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 Nevada Commercial Group

    Overview

    Office Space on Old Hot Springs

    Located at 1535 Old Hot Springs Rd in Carson City, Nevada, this commercial real estate offers office spaces for rent. The property is suitable for office and other commercial uses.
    Location Intelligence

    Current Use by Public Records

    Carson Aviation Adventures Vocational School Optica Network Tech ... Ophthalmologist The Tungland Corporation Home Health Care Service Pier28, Inc. Marketing & Advertising Nevada Department of Public ... Department Of Public Safety

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Comstock Answering Service — 725 Basque Way, Carson City, NV 89706
    • Remoba — 123 W Nye Ln #111, Carson City, NV 89706, United States
    • Walmart Home Theater Installation — 3200 Market St, Carson City, NV 89706

    Location Insight

    • Map
    • Local Demand
    City
    Carson City
    County
    Douglas
    State
    Nevada
    Longitude
    -119.7506296
    Latitude
    39.1925504

    Nearby Similar for Lease

    • Contact for pricing

      Mixed-Use with Residential Space

      Commercial storefront with attached two-bedroom residential space for lease.
      3129 S Carson Street, Carson City, NV 89701
      View Details
    • Contact for pricing

      Mixed-Use Property with Residential Space

      Commercial storefront with attached two-bedroom residential space for rent.
      3129 S Carson Street, Carson City, NV 89701
      View Details
    • Sponsored
      Contact for pricing

      NV, Carson City – S Carson St

      1007 Carson St 1 &, Unit 2ND, Carson City, NV 89701
      View Details
    • $1.25/mo

      Carson City Retail/Automotive Space

      Retail/automotive space with showroom, office, and fenced yard.
      3390 S Carson St, Carson City, NV 89701
      View Details
    • Contact for pricing

      Downtown Carson City Office Space

      Office space available for lease in downtown Carson City.
      305 N Carson, Carson City, NV 89701
      View Details
    • $1.65/mo

      Office Space with Mountain Views

      Office space featuring mountain and city views, utilities included.
      400 W King St, Carson City, NV
      View Details
    • Contact for pricing

      Carson City Drive-Thru Restaurant Space

      Freestanding building with drive-thru in the heart of Carson City.
      1111 N. Carson Street, Carson City, NV 89701
      View Details
    • $1.25/mo

      Carson City Retail/Automotive Property

      Retail/automotive property in Carson City's busiest retail area.
      3390 S Carson St, Carson City, NV 89701
      View Details
    • $1.50/mo

      Westside Office Space Available

      Office space for rent in a great westside location.
      1177 N Division St, Carson City, NV
      View Details
    • $0.90/mo

      Carson City Flex Space Available

      2,500 SF flex space near Carson City Airport.
      5225 Grumman Dr, Carson City, NV
      View Details
    • Contact for pricing

      Carson City Retail with Drive-Thru

      Freestanding retail building with drive-thru in Carson City.
      1111 N. Carson Street, Carson City, NV 89701
      View Details
    • $1.50/mo

      Prime Office Space in Carson

      Convenient office space near US 395 and Reno-Tahoe Airport.
      1717 East College Parkway, Carson City, NV, 89706
      View Details

    FAQs

    What type of property is this?
    Office property - Office space available for rent at 1535 Old Hot Springs Rd.
    Where is this office property located?
    The property is located at 1535 Old Hot Springs Rd Carson City, NV.
    What are key features of this property?
    This property features: Built in 1984
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Samuel Douglass
    Real Estate License ID: NV B.143639.LLC
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!