Mixed-Use Building with Upstairs
For Sale
$619,900
79 N C Street, Virginia City, NV 89440
A ground-floor business space is paired with two residential rentals in Virginia City.
Property Size2,880 SF
Price / SF$215.24
Days on Market69
Property Features for 79 N C Street
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Multi Family
Additional Details
Mixed-Use Components
retail, residential
Multifamily Units
2
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$1,873
Building Details
Building Size
2,880 SF
Year Built
1989
Listing Agency:
NextHome Yourpickettfence Group
Listed By:
Tim Lambdin · License #BS.7450
(775) 813-3414
Source:
Kirschrealestateteam
Added: Aug 27
Changed: Nov 2
Last Checked: Nov 3 at 8:04AM
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 NextHome Yourpickettfence Group
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Investment Insights
Based on property information with market context.
This 2,880-square-foot mixed-use property, built in 1989, has an active business space on the lower level and two rental units above. The rear area provides parking, with potential for additional improvements subject to applicable approvals.
The property is located in Virginia City, Nevada.
The property is located in Virginia City, Nevada.
Key Highlights
- 2,880‑square‑foot mixed‑use property built in 1989
- Ground‑floor business space with two rental units above
- Rear parking area; additional improvements are subject to applicable approvals
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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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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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor business space is paired with two residential rentals in Virginia City.
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 $619,900.
What are key features of this property?
This property features: 2,880‑square‑foot mixed‑use property built in 1989; Ground‑floor business space with two rental units above; Rear parking area; additional improvements are subject to applicable approvals
