Mixed-Use Property with Vacant
For Sale
$375,000
2 Newcombe Avenue, Yerington, NV 89447
COMMERCIAL - Yerington, NV
Property Size2,468 SF
Lot Size0.15 Acres
Price / SF$151.94
Days on Market328
Property Features for 2 Newcombe Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C1
Window features
Single Pane Window(s)
Fencing
Chain Link
Lot features
Landscaped, Sprinklers In Front
Directions
Main St. to Newcombe Ave
Standard status
Active
APN
001-058-03
Size
2,468 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
1764
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Window Unit(s), Central Air, Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1978
Floors in Building
2
Flooring type
Laminate, Carpet
Building materials
Stone, Wood Siding
Roof type
Metal
Listing Agency:
Chase International-Damonte
(775) 850-5900
Listed By:
Corry Castaneda · License #B.1001732
(775) 745-2194
Added: Sep 16, 2025
Changed: Aug 4
Last Checked: Aug 9 at 4:06PM
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.
Investment Insights
Based on property information with market context.
This mixed-use property at 2 Newcombe Avenue includes two ground-floor commercial units that are currently vacant, offering flexible space for a variety of professional or service uses. The bottom floor also includes 1,264 square feet with two bedrooms/offices, one bath, and a kitchen.
In addition, the garage portion was fully converted to commercial space and provides 600 square feet of fully finished area that was previously used as retail for a computer business. The top floor is fully furnished with 1,264 square feet, three bedrooms, one bath, and a washer and dryer.
The upstairs apartment is currently rented on a month-to-month basis. The property sits in the C1 zoning designation and is positioned directly on Main Street in the heart of town, supporting both owner-occupant and income-focused strategies.
In addition, the garage portion was fully converted to commercial space and provides 600 square feet of fully finished area that was previously used as retail for a computer business. The top floor is fully furnished with 1,264 square feet, three bedrooms, one bath, and a washer and dryer.
The upstairs apartment is currently rented on a month-to-month basis. The property sits in the C1 zoning designation and is positioned directly on Main Street in the heart of town, supporting both owner-occupant and income-focused strategies.
Key Highlights
- Mixed‑use property on Main Street in Yerington, NV with two ground‑floor commercial units
- Bottom floor includes 1,264 sq ft with two bedrooms/offices, 1 bath, and a kitchen
- Converted garage provides 600 sq ft of finished commercial space previously used as a retail computer business
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,657
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
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
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 - Mixed-use building with vacant ground-floor commercial units plus furnished upstairs residence currently rented month-to-month.
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: Mixed‑use property on Main Street in Yerington, NV with two ground‑floor commercial units; Bottom floor includes 1,264 sq ft with two bedrooms/offices, 1 bath, and a kitchen; Converted garage provides 600 sq ft of finished commercial space previously used as a retail computer business
