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    275 Kingsbury Grade Rd Stateline, NV 89449

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    For Sale
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    1,920 SF Office, Updated, Vacant

    Property size:
    1,920 SF

    Property Features for 275 Kingsbury Grade Rd

    General Information

    Property type
    Office properties & Spaces
    Square Feet
    1,920 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1977/2017
    Buildings
    1
    Stories
    2
    Units
    1

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    Listing Contact
    Scott Fair
    Scott Fair

    Listing Agent: Scott Fair

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional fee-simple office building, located at 275 Kingsbury Grade Road in Stateline, Nevada, presents a compelling investment opportunity. The property boasts 1,920 square feet of well-maintained space, spread across two stories within a freestanding structure. Built in 1977 and extensively renovated in 2017, the building offers a modern interior featuring five private offices, three bathrooms, a dedicated conference area, and a welcoming reception space. The functional layout is ideal for a variety of businesses. Situated on a 7,841 square foot lot, the property benefits from a GC zoning designation, allowing for versatile usage options. The asking price is $950,000, translating to $494.79 per square foot. This property is currently vacant, providing immediate occupancy for the new owner. Its prime location in the desirable Stateline area of Douglas County (APN: 1318-26-101-015) offers excellent visibility and accessibility. This is a rare opportunity to acquire a well-maintained, updated office building in a highly sought-after location. The property's modern amenities and versatile zoning make it an attractive investment for businesses seeking a functional and strategically located space in Nevada.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Stateline
    County
    Douglas
    State
    Nevada
    Longitude
    -119.9298843
    Latitude
    38.9681635

    Nearby Similar for Sale

    • $799,000
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    • $950,000
      1,920 SF

      Renovated Office Building in Stateline

      Modernized office building with versatile layout in prime Stateline location.
      275 Kingsbury Grade Rd, Stateline, NV 89449
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    FAQs

    What type of property is this?
    Office property - 1,920 SF Office, Updated, Vacant
    Where is this office property located?
    The property is located at 275 Kingsbury Grade Rd Stateline, NV.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 1,920 SF modern office building.; Freestanding, two-story building in excellent condition.; Five private offices, three bathrooms, conference room, and reception area.
    (530) 525-2304 Call to check price and availability
    Request Owner's contact information
    275 Kingsbury Grade Rd Stateline, NV 89449
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    Stateline, NV 89449
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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.

    More about this property
    275 Kingsbury Grade Rd Stateline, NV 89449
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Scott Fair
    Scott Fair
    Real Estate License ID: 01761504
    (530) 525-2304
    Learn more
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