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    Stateline Mixed-Use Commercial Opportunity Title is generated by Realmo AI

    219 Kingsbury Grade Road, Stateline, NV 89449

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    Claim this Listing
    For Sale
    $3,550,000

    COMMERCIAL - Stateline, NV

    Property size:
    17,408 SF
    Lot size:
    0.58 Acres
    Price / SF:
    $203/SF
    Added:
    Mar 30, 2026
    Days on Market:
    41
    Last Refresh:
    May 9 at 11:06 am

    Property Features for 219 Kingsbury Grade Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Tahoe - Mixed Use
    Parking
    40
    Parking features
    Parking Lot, Off Street, Alley
    Security features
    Security Lighting
    Window features
    Display Window(s), Double Pane Windows
    Basement
    Unfinished
    Standard status
    Active
    APN
    1318-26-101-003
    Size
    17,408 SF
    Lot size
    0.58 Acres

    Taxes and HOA fees

    Tax Annual Amount
    12093

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Natural Gas, Hot Water(Heating), Forced Air, Radiant
    Cooling system
    Wall/Window Unit(s), Central Air, Electric, Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1980
    Floors in Building
    3
    Number of units
    22
    Flooring type
    Tile, Varies, Stone, Laminate, Concrete, Vinyl, Carpet
    Building materials
    Attic/Crawl Hatchway(s) Insulated, Concrete, Metal Siding
    Roof type
    Flat, Membrane

    We can help!

    Listing Contact
    Kyle Wentz

    Listing agent Kyle Wentz License #BS.144303

    Listing office Dickson Realty - Gardnerville 1470 N. Hwy. 395, Carson City, NV

    Listing date Mar 30, 2026

    MLS# 260003632

    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.

    HighLights

    • Mixed‑use zoning offering versatility for hospitality, multi‑family, and commercial ventures
    • Major renovation completed including interior remodel, paint, facade, and parking lot updates
    • Favorable Nevada tax climate with no state income tax and low property tax
    • Minutes to Heavenly, Stateline casinos, Tahoe Blue Event Center, and Barton Memorial hospital campus
    • Top floor units boast full baths, separate A/C, and stunning mountain, meadow, and lake views
    • Features a 10,000lbs vehicle‑lift to basement garage

    Overview

    This mixed-use property is located in Stateline, Nevada. The zoning allows for hospitality, multi-family, and commercial uses. The top floor units feature full baths, separate A/C systems, and views of the mountains, meadow, and lake. A 10,000 lbs vehicle-lift provides access to the basement garage. The property is located minutes from Heavenly, the Stateline casino corridor, the Tahoe Blue Event Center, and the upcoming Barton Memorial hospital campus. It benefits from heavy traffic counts throughout the year and features a diverse and complementary tenant mix. The property is approximately one hour from Reno Tahoe International Airport. The property is located in Nevada, which offers a business-friendly tax climate with no state income tax and low property tax that does not reassess on sale. The seller has completed a major renovation of the property, including an interior remodel of most units, interior and exterior paint, a metal facade, replaced railing, new ceiling panels, parking lot sealing and striping, new light fixtures, and flooring throughout. The boilers, elevators, and fire sprinklers have been inspected, serviced, and certified. BMPs have been completed. The lot size is 0.58 acres and the property size is 17,408 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Stateline
    County
    Douglas
    State
    Nevada
    Longitude
    -119.899
    Latitude
    38.9569

    Nearby Similar for Sale

    • $950,000
      1,920 SF

      Renovated Office Building in Stateline

      Modernized office building with versatile layout in prime Stateline location.
      275 Kingsbury Grade Road, Stateline, NV 89449
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    • $950,000
      1,920 SF

      Stateline Office Building For Sale

      1,920 SF office building in Stateline, Nevada.
      275 Kingsbury Grade Rd, Stateline, NV 89449
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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property near Heavenly and Stateline casino corridor.
    Where is this mixed-use property located?
    The property is located at 219 Kingsbury Grade Road Stateline, NV.
    What is the asking price?
    The asking price for this property is $3,550,000.
    What are key features of this property?
    This property features: Mixed‑use zoning offering versatility for hospitality, multi‑family, and commercial ventures; Major renovation completed including interior remodel, paint, facade, and parking lot updates; Favorable Nevada tax climate with no state income tax and low property tax
    (775) 720-1981
    We can help!
    Listing Contact
    Kyle Wentz
    Real Estate License ID: BS.144303
    Learn More
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    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.

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