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 Market394
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
(775) 745-2194
Listed By:
Corry Castaneda · License #B.1001732
(775) 688-4000
Source:
Ferrari-lund
Added: Aug 3, 2025
Changed: Aug 30
Last Checked: Aug 30 at 5:52PM
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 = 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
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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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
