Full Service Salon Building with
For Sale
$1,000,000
211 Main, Yerington, NV 89447
Downtown commercial building currently used as a full service salon, with 27 parking spaces and multiple treatment rooms.
Property Size3,464 SF
Price / SF$288.68
Days on Market94
Property Features for 211 Main
General Information
Standard status
Active
Size
3,464 SF
Property subtype
Commercial
Building Details
Year Built
2003
Listing Agency:
Roberson Realty
Listed By:
Bonnie Bobrick
(775) 688-4000
Source:
Ferrari-lund
Added: Jun 14
Changed: Sep 14
Last Checked: Sep 14 at 7:55AM
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 Roberson Realty
Investment Insights
Based on property information with market context.
This commercial property is built for a service-driven tenant, currently operating as a full service salon with several treatment rooms. The building contains 3,464 square feet and offers flexibility for alternate uses, including a documented history as a restaurant (vent hood and drains still intact) and office space. A couple of interior walls are not load bearing, helping create adaptable room layouts. The space includes high ceilings and four bathrooms, supporting both client-facing and back-of-house needs.
The property sits on 0.59 acres and has 27 parking spaces. Access is available from two streets, which can simplify customer and employee circulation.
Built in 2003, the building is suited for continued salon operations or other commercial configurations that benefit from treatment/rooming layouts, existing plumbing/restaurant remnants, and on-site parking.
The property sits on 0.59 acres and has 27 parking spaces. Access is available from two streets, which can simplify customer and employee circulation.
Built in 2003, the building is suited for continued salon operations or other commercial configurations that benefit from treatment/rooming layouts, existing plumbing/restaurant remnants, and on-site parking.
Key Highlights
- 3,464 SF commercial building currently used as a full service salon with several treatment rooms
- 0.59 acres with 27 parking spaces accessible by two streets
- Vent hood and drains still intact from prior restaurant use
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
$60,731
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
6.07%
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%
$1,214,620
$1.2M
Cap Rate 7%
$867,586
$867.6K
Cap Rate 9%
$674,789
$674.8K
Market Conditions
NOI Build-Up for 3,464 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
$83.1K $24.00/SF
− Vacancy
−$2.2K −$0.62/SF
EGI
$81.0K $23.38/SF
− OpEx
−$20.2K −$5.84/SF
NOI
$60.7K $17.53/SF
Area
Lyon County, NV
Vacancy
2.60%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,214,620
Cap Rate 7%
$867,586
Cap Rate 9%
$674,789
Alternative Uses
Best Use
Specialty Retail
$867.6K
$759.1K – $1.01M
NOI $60,731 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$934.1K – $1.25M
NOI $74,729 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
62k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 27%
Groceries 20%
Home Improvements & Furnishings 7%
Raley's
Groceries
12,482 visits/mo
0.3 miles
McDonald's
Dining
11,363 visits/mo
0.2 miles
Maverik Adventures First Stop
Shops & Services
9,953 visits/mo
0.3 miles
Dollar General
Shops & Services
5,995 visits/mo
0.1 miles
Family Dollar
Shops & Services
5,005 visits/mo
0.3 miles
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
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Spa & wellness property - Downtown commercial building currently used as a full service salon, with 27 parking spaces and multiple treatment rooms.
Where is this spa & wellness property located?
The property is located at 211 Main Yerington, NV.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 3,464 SF commercial building currently used as a full service salon with several treatment rooms; 0.59 acres with 27 parking spaces accessible by two streets; Vent hood and drains still intact from prior restaurant use
