Mixed-Use Property with Upstairs
For Sale
$620,000
79 N C Street, Virginia City, NV 89440
Commercial Sale, Virginia City, NV
Property Size2,880 SF
Lot Size0.06 Acres
Price / SF$215.28
Days on Market50
Property Features for 79 N C Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
CR
Parking features
Off Street, On Street
Security features
Security System
Window features
Display Window(s)
Basement
Unfinished
Lot features
Sloped Down, Steep Slope
Directions
On historic C st. the main street of Virginia City
Standard status
Active
APN
001-086-19
Size
2,880 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
1874
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating)
Water source
Public
Building Details
Year built
1989
Floors in Building
2
Number of units
3
Flooring type
Wood, Vinyl
Building materials
Lap Siding, Wood Siding
Roof type
Membrane, Composition
Listing Agency:
NextHome Yourpickettfence Group
(775) 622-0614
Listed By:
Tim Lambdin · License #BS.7450
(775) 813-3414
Added: Aug 25
Changed: Oct 9
Last Checked: Oct 13 at 6:06AM
MLS# 260011068
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.
Investment Insights
Based on property information with market context.
This 2,880-square-foot mixed-use property at 79 N C Street combines a commercial area on the lower level with two rental units upstairs. The configuration supports an owner-user arrangement, separate residential occupancy, or continued use of the existing business space. Lap and wood siding, vinyl and wood flooring, baseboard heating, and electric heat are among the building features. Constructed in 1989, the property also includes a composition and membrane roof system.
The 0.06-acre parcel is located in Virginia City, Storey County, with both off-street and on-street parking. Public water and public sewer serve the property, and cable is available. Zoning is CR.
The 0.06-acre parcel is located in Virginia City, Storey County, with both off-street and on-street parking. Public water and public sewer serve the property, and cable is available. Zoning is CR.
Key Highlights
- 2,880 SF mixed‑use property with commercial space downstairs
- Two rental units located on the upper level
- 0.06‑acre parcel at 79 N C Street, Virginia City, NV 89440
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,911
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,018,220
$1.0M
Cap Rate 7%
$727,300
$727.3K
Cap Rate 9%
$565,678
$565.7K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$83.3K $28.92/SF
− Vacancy
−$15.4K −$5.35/SF
EGI
$67.9K $23.57/SF
− OpEx
−$17.0K −$5.89/SF
NOI
$50.9K $17.68/SF
Area
Storey County, NV
Vacancy
18.50%
Lease Rate
$28.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,018,220
Cap Rate 7%
$727,300
Cap Rate 9%
$565,678
Alternative Uses
Best Use
Office B
$727.3K
$636.4K – $848.5K
NOI $50,911 @ 7.0% cap · market cap 8.21%
Second Best
Mixed Use
$600.4K
$525.4K – $700.5K
NOI $42,028 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$887.6K
$776.6K – $1.04M
NOI $62,131 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
Explore this area
Business Placement
Demographics for 89440, NV
908
Population
614
Households
1.5
Avg Household Size
57
Median Age
47%
College-Educated
83%
High-School Grad
12.5 sq mi
ZIP Area
73
Density / Sq Mi
$109,286
Median Household Income
$456,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level commercial property with an active lower-floor business area and two rental units above.
Where is this mixed-use property located?
The property is located at 79 N C Street Virginia City, NV.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: 2,880 SF mixed‑use property with commercial space downstairs; Two rental units located on the upper level; 0.06‑acre parcel at 79 N C Street, Virginia City, NV 89440
