Building Details

Buildings 1

Listing Agency: LPT Realty, LLC Show Phone

Listed By: Justine Oros Show Phone

Source: Exprealty

Added: Aug 31 Changed: Sep 6 Last Checked: Sep 7 at 1:56PM

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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 LPT Realty, LLC

Investment Insights

Based on property information with market context.

This 2,232-square-foot duplex is configured as a 2-bedroom, 2-bath property with 4 bedrooms and 4 baths in total. The two-unit layout supports residential income use and provides flexibility for occupancy arrangements involving one or both sides.

The property is located at 341 Parkchester Dr in Spring Creek, Nevada, directly on Spring Creek Golf Course. Showings require 24 hours’ notice to tenants, providing a defined scheduling requirement for property tours.

Key Highlights

• 2,232‑square‑foot duplex with 4 bedrooms and 4 baths total
• Two‑unit residential income property
• Situated directly on Spring Creek Golf Course

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

$18,210

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

4.68%

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%

$364,200 $364.2K

Cap Rate 7%

$260,143 $260.1K

Cap Rate 9%

$202,333 $202.3K

Market Conditions

NOI Build-Up for 2,232 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

$28.1K $12.60/SF

− Vacancy

−$2.1K −$0.95/SF

EGI

$26.0K $11.66/SF

− OpEx

−$7.8K −$3.50/SF

NOI

$18.2K $8.16/SF

Area

Elko County, NV

Vacancy

7.50%

Lease Rate

$12.60 /SF/Yr

Expense Ratio

30.00%

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%

$364,200

Cap Rate 7%

$260,143

Cap Rate 9%

$202,333

Alternative Uses

Best Use

Multifamily LT 5

$260.1K

$227.6K – $303.5K (±1% cap)

NOI $18,210 @ 7.0% cap · market cap 4.68%

Second Best

Apartment 5plus

$240.7K

$210.6K – $280.9K (±1% cap)

NOI $16,851 @ 7.0% cap · market cap 4.33%

Theoretical Best

Office A

$709.2K

$620.6K – $827.5K (±1% cap)

NOI $49,647 @ 7.0% cap · market cap 12.76%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Law Firm Electrical Service Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

66

Businesses Nearby

Explore this area Business Placement

Demographics for 89815, NV

15,856

Population

5,448

Households

2.9

Avg Household Size

34

Median Age

23%

College-Educated

94%

High-School Grad

703.7 sq mi

ZIP Area

23

Density / Sq Mi

$103,691

Median Household Income

$52,350

Median Earnings

$1,393

Median Rent

$310,100

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - Four-bedroom, four-bath residential income property with two-unit flexibility beside Spring Creek Golf Course.

Where is this duplex located?

The property is located at 341 Parkchester Dr Spring Creek, NV.

What is the asking price?

The asking price for this property is $389,000.

What are key features of this property?

This property features: 2,232‑square‑foot duplex with 4 bedrooms and 4 baths total; Two‑unit residential income property; Situated directly on Spring Creek Golf Course