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    3900 Carter Dr Wellington, NV 89444

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    For Sale
    Contact for pricing

    Profitable Established Business, 2 Acres

    Property size:
    6,680 SF

    Property Features for 3900 Carter Dr

    General Information

    Property type
    Casinos
    Square Feet
    6,680 SF
    Lot Size
    87,120 SF

    We can help!

    Listing Contact
    Bryan Upton
    Bryan Upton

    Listing Agency: Nevada Commercial Group Listing Agent: Bryan Upton

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

    Learn more

    Overview

    This exceptional investment opportunity presents a thriving Nevada casino and bar, Topaz Joe's, situated on a 2-acre lot in Wellington, Douglas County (zip code 89444). Boasting over $1 million in annual gross revenue with consistent double-digit growth over the past three years, this established business includes a bar, grill, casino, and grocery store operating within two attached buildings totaling nearly 6,680 square feet. The property also features a separate 2400+ sq ft storage building with potential for expansion or additional revenue streams. A valuable asset is the included Gaming Overlay Non-restricted license, a rare find in Nevada. The property offers significant upside potential with approximately one acre of undeveloped land suitable for various uses, such as RV parking, self-storage units, or an expanded outdoor hospitality area. Existing infrastructure includes a 38kW backup generator, an outdoor patio, and a well-equipped bar and grocery store with ample seating. The casino features 13 drop-in and 14 slant-top poker machines. The convenient location is adjacent to the local fire station and offers easy access to Lake Topaz, Gardnerville, Minden, and Lake Tahoe. This turnkey operation is ready for a new owner to capitalize on its strong local customer base and the continued growth of the Topaz Ranch Estates community. The asking price is $1,300,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Casinos

    Map

    City
    Wellington
    County
    Douglas
    State
    Nevada
    Longitude
    -119.506647
    Latitude
    38.7318529

    Nearby Similar for Sale

    • Contact for pricing
      6,680 SF

      Established Bar and Grocery Store

      Long-standing bar and grocery store with strong local customer base.
      3900 Carter Dr, Wellington, NV
      View Details
    • $1,400,000
      4,280 SF

      Wellington Commercial Opportunity

      Thriving Business, High Growth Area
      3900 Carter Way, Wellington, NV 89444
      View Details

    FAQs

    What type of property is this?
    Casino - Profitable Established Business, 2 Acres
    Where is this casino located?
    The property is located at 3900 Carter Dr Wellington, NV.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Established bar and grocery with 26 years of loyal clientele.; High growth area with strong potential for increased business.; Prime location next to the local fire station.
    (775) 741-4100 Call to check price and availability
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    3900 Carter Dr Wellington, NV 89444
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    Wellington, NV 89444
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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
    3900 Carter Dr Wellington, NV 89444
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bryan Upton
    Bryan Upton
    Real Estate License ID: 0196468
    (775) 741-4100 (775) 546-2887
    Learn more
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