Mixed-Use Property with Furnished
2 Newcombe Avenue, Yerington, NV 89447
For Sale
$375,000
Commercial Sale, Yerington, NV
Property Size2,468 SF
Lot Size0.15 Acres
Price / SF$151.94
Days on Market419
Property Features for 2 Newcombe Avenue
General Information
Property type
Property subtype
Zoning
Window features
Fencing
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
washer/dryer
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
Chase International-Damonte
(775) 850-5900
Listed By:
Corry Castaneda · License #B.1001732
(775) 745-2194
Added: Sep 16, 2025
Changed: Oct 2
Last Checked: Nov 8 at 5:06PM
MLS# 250055958
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.
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Investment Insights
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This 2,468-square-foot mixed-use building includes two vacant ground-floor commercial units and a 600-square-foot finished area converted from the former garage. The converted space previously served as a computer retail business. Commercial uses previously occupying the lower level included insurance, technology consulting, wellness services, and a nail shop. The upper level is a furnished 1,264-square-foot apartment with three bedrooms, one bath, and a washer and dryer.
The apartment is currently leased month to month, while the commercial areas are available for owner use or reconfiguration. The property sits on 0.15 acres along Main Street in Yerington and carries C1 zoning. Building systems and materials include forced-air natural-gas heat, central and wall/window-unit cooling, a metal roof, stone and wood siding, public water, public sewer, and cable availability.
The apartment is currently leased month to month, while the commercial areas are available for owner use or reconfiguration. The property sits on 0.15 acres along Main Street in Yerington and carries C1 zoning. Building systems and materials include forced-air natural-gas heat, central and wall/window-unit cooling, a metal roof, stone and wood siding, public water, public sewer, and cable availability.
Key Highlights
- 2,468 SF mixed‑use building on 0.15 acres
- Two vacant ground‑floor commercial units
- 600 SF fully finished commercial space converted from the garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,889
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,780
$637.8K
Cap Rate 7%
$455,557
$455.6K
Cap Rate 9%
$354,322
$354.3K
Market Conditions
NOI Build-Up for 2,468 SF
Gross rent
$60.7K $24.60/SF
− Vacancy
−$2.7K −$1.11/SF
EGI
$58.0K $23.49/SF
− OpEx
−$26.1K −$10.57/SF
NOI
$31.9K $12.92/SF
Area
Lyon 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%
$637,780
Cap Rate 7%
$455,557
Cap Rate 9%
$354,322
Alternative Uses
Best Use
Office B
$623.3K
$545.4K – $727.1K
NOI $43,628 @ 7.0% cap · market cap 11.63%
Second Best
Apartment 5plus
$455.6K
$398.6K – $531.5K
NOI $31,889 @ 7.0% cap · market cap 8.50%
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.
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Current Use
Lease Details
2
Office units
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C1-zoned building combines vacant commercial areas with a month-to-month residential unit.
Where is this mixed-use property located?
The property is located at 2 Newcombe Avenue 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: 2,468 SF mixed‑use building on 0.15 acres; Two vacant ground‑floor commercial units; 600 SF fully finished commercial space converted from the garage
