Mixed-Use Building with Rental
New
For Sale
$620,000
79 N C Street, Virginia City, NV 89440
Residential Income, Virginia City, NV
Property Size2,880 SF
Lot Size0.06 Acres
Price / SF$215.28
Days on Market4
Property Features for 79 N C Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CR
Bedrooms
2
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 1
Window features
Display Window(s)
Interior features
High Ceilings
Exterior features
Awning(s), Balcony
Appliances
Electric Oven, Electric Range
Lot features
Sloped Down, Steep Slope
Elementary school
Gallagher, Hugh
Middle school
Virginia City
High school
Virginia City
Directions
On the boardwalk in Historic Virginia City NV
Standard status
Active
APN
001-086-19
Size
2,880 SF
Lot size
0.06 Acres
Additional Details
Currently Operating
Yes
Mixed-Use Components
commercial, residential
Taxes and HOA fees
Tax Annual Amount
1874
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Water source
Public
Building Details
Year built
1989
Floors in Building
2
Number of units
3
Flooring type
Wood
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
NextHome Yourpickettfence Group
(775) 622-0614
Listed By:
Tim Lambdin · License #BS.7450
(775) 813-3414
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 11:06PM
MLS# 260013695
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.
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Investment Insights
Based on property information with market context.
This 2,880-square-foot mixed-use property in Virginia City has an active business space on the ground floor and two rental units upstairs. The building was constructed in 1989 and sits on a 0.06-acre lot. Interior features include high ceilings and wood flooring; exterior details include an awning and balcony.
The property is zoned CR and has public water and sewer service. Electric baseboard heat, a composition roof, and wood siding are also present.
The property is zoned CR and has public water and sewer service. Electric baseboard heat, a composition roof, and wood siding are also present.
Key Highlights
- 2,880 square feet on a 0.06‑acre lot
- Active business space on the ground floor with two rental units upstairs
- CR zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,028
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$840,560
$840.6K
Cap Rate 7%
$600,400
$600.4K
Cap Rate 9%
$466,978
$467.0K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$74.3K $25.80/SF
− Vacancy
−$7.1K −$2.45/SF
EGI
$67.2K $23.35/SF
− OpEx
−$25.2K −$8.76/SF
NOI
$42.0K $14.59/SF
Area
Storey County, NV
Vacancy
9.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$840,560
Cap Rate 7%
$600,400
Cap Rate 9%
$466,978
Alternative Uses
Best Use
Mixed Use
$600.4K
$525.4K – $700.5K
NOI $42,028 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$531.6K
$465.2K – $620.2K
NOI $37,213 @ 7.0% cap · market cap 6.00%
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.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor business space is paired with 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 square feet on a 0.06‑acre lot; Active business space on the ground floor with two rental units upstairs; CR zoning
