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    600 Carson St Carson City, NV 89701

    Sponsored
    For Sale
    $16,750,000

    110-unit hotel, prime downtown location.

    Property size:
    184,184 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Ormsby House, a prominent Carson City landmark at 600 S Carson St, presents a unique investment opportunity. This 184,184 square foot, two-building property, built in 1970 with ongoing renovations, offers 110 units and 400 parking spaces. The main building, approximately 100,000 square feet, features eight stories of rooms, offices, and mixed-use areas. An adjacent seven-story parking garage adds another 146,404 square feet. The basement includes 7,662 square feet of commercial space and 1,395 square feet of office space. Two additional vacant parcels totaling approximately 0.79 acres are included. The property is zoned DTMU (Downtown/Mixed Use), allowing for diverse uses including hotel/casino, office, multi-family, and retail. New mechanical, electrical, and plumbing systems, along with a newer roof, have been installed. The property is eligible for an unlimited gaming license. Its location adjacent to the Nevada State Capitol Complex and downtown Carson City provides exceptional access to government offices, amenities, and a business-friendly environment. The property's proximity to Reno and Lake Tahoe further enhances its appeal. The asking price is $16,750,000 ($90.94/sq ft). This represents a significant opportunity to revitalize a key Carson City asset.

    Property Features for 600 Carson St

    General Information

    Property type
    Hotels
    Square Feet
    184,184 SF
    Class
    B
    Lot Size
    159,430 SF

    Building Details

    Year Built
    1970
    Buildings
    2
    Stories
    10
    Units
    110

    HighLights

    • Extensive renovations underway.
    • Two‑building property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nevada State Museum Museum Lincoln Highway Marker Historical Landmark Woodrow W. Loftin ... Park Nevada Historical Marker ... Historical Landmark Dedicated to You, A Free ... Historical Landmark

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Carson City
    County
    Carson City
    State
    Nevada
    Longitude
    -119.766959
    Latitude
    39.16003595

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    FAQs

    What type of property is this?
    Hotel - 110-unit hotel, prime downtown location.
    Where is this hotel located?
    The property is located at 600 Carson St Carson City, NV.
    What is the asking price?
    The asking price for this property is $16,750,000.
    What are key features of this property?
    This property features: Extensive renovations underway.; Two-building property.;
    Request Owner's contact information
    600 Carson St Carson City, NV 89701
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    Carson City, NV 89701
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    Realmo Value Estimation

    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.

    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    600 Carson St Carson City, NV 89701
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