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    Winnemucca Mixed-Use Property For Sale Title is generated by Realmo AI

    5290 Grass Valley Road, Winnemucca, NV 89445

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    For Sale
    $649,900

    COMMERCIAL - Winnemucca, NV

    Property size:
    2,347 SF
    Lot size:
    1.67 Acres
    Price / SF:
    $276/SF
    Added:
    May 20, 2026
    Days on Market:
    4
    Last Refresh:
    May 23 at 4:06 pm

    Property Features for 5290 Grass Valley Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    M-L
    Parking features
    Gated, On Street, Off Street
    Window features
    Double Pane Windows, Drapes, Blinds, Vinyl Frames
    Fencing
    Chain Link, Fenced
    Standard status
    Active
    APN
    10-0463-49
    Size
    2,347 SF
    Lot size
    1.67 Acres

    Taxes and HOA fees

    Tax Annual Amount
    749

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Baseboard, Natural Gas
    Cooling system
    Electric, Evaporative Cooling
    Water source
    Private, Well

    Building Details

    Year built
    1989
    Floors in Building
    1
    Flooring type
    Carpet, Laminate, Tile - Ceramic
    Building materials
    Metal Siding, Steel Frame, Stucco
    Roof type
    Metal
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Tamara Nordmeyer
    Tamara Nordmeyer

    Listing agent Tamara Nordmeyer License #B.145241

    Listing office Cowboy Country Realty 458 W Winnemucca Blvd., Winnemucca, NV

    Listing date May 20, 2026

    MLS# 260006540

    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

    • Multi‑Use Zoning (Commercial, Residential)
    • 1.67 Acre Oversized, Fully Fenced Lot
    • Commercial‑Grade 1800 sq ft Detached Shop with Two Mezzanine Levels
    • Remodeled 3‑Bedroom, 3‑Bath Home (approx. 1,888+ sq ft)
    • Live/Work Mixed‑Use Property
    • Metal Siding and Steel Frame Construction

    Overview

    Located in Winnemucca, Humboldt County, Nevada, this property features commercial, residential, and multi-use zoning. It includes a remodeled stuccoed home with 3 bedrooms and 3 bathrooms, offering approximately 1,888+ sq ft of living space. An extension adds extra functionality and comfort to the home, which features laminate and ceramic tile flooring. The property also includes a detached, metal shop with a steel frame, providing approximately 1800 sq. ft of commercial-grade space. The shop has two mezzanine levels for additional storage, workspace, and functionality. Situated on an oversized 1.67-acre lot, the property is fully fenced. Currently operating as a live/work mixed-use space, it combines residential living quarters with a commercial business space. Interior pictures of the home will be available by May 25th. The shop and grounds are available to show with listing agents at any time.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Kitchen & Bath Showroom Storage Facility Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winnemucca
    County
    Humboldt
    State
    Nevada
    Longitude
    -117.750939
    Latitude
    40.942024

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    FAQs

    What type of property is this?
    Mixed-use property - Remodeled home and commercial-grade shop on a large, fenced lot.
    Where is this mixed-use property located?
    The property is located at 5290 Grass Valley Road Winnemucca, NV.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: Multi‑Use Zoning (Commercial, Residential); 1.67 Acre Oversized, Fully Fenced Lot; Commercial‑Grade 1800 sq ft Detached Shop with Two Mezzanine Levels
    (775) 870-3240
    We can help!
    Listing Contact
    Tamara Nordmeyer
    Tamara Nordmeyer
    Real Estate License ID: B.145241
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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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    5290 Grass Valley Road, Winnemucca, NV 89445
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