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    1000 C St Hawthorne, NV 89415

    For Sale
    $899,000

    7-Unit Mixed-Use Property, High NOI

    Property size:
    9,576 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a 7-unit mixed-use property located at 1000 C St, Hawthorne, NV 89415. The property encompasses two buildings totaling 9,576 square feet on a 0.83-acre lot (APN: 001-011-24), zoned C1. Built in 1973 and 1976, the complex includes four office spaces, two recently remodeled apartments, and a storage unit. The property boasts a strong historical occupancy rate, anchored by a long-term tenant (State of Nevada) occupying space for over 20 years, with lease renewal discussions underway. The Rural Clinics lease was recently renewed for five years. The Welfare office is also in final discussions regarding an expansion. Two remodeled, two-bedroom apartments are currently available. The property offers significant upside potential for increased rental income through lease renewals and achieving 100% occupancy. The asking price is $899,000, representing an attractive 8% cap rate with a current NOI of $891,378. This property is ideal for both investors seeking strong returns and owner-users looking to occupy approximately 1,553 square feet of available office space. The property's strong tenant base, favorable lease terms, and potential for rental growth make it a compelling investment opportunity in a desirable location.

    Property Features for 1000 C St

    General Information

    Property type
    Multifamily properties
    Square Feet
    9,576 SF
    Lot Size
    36,155 SF

    Building Details

    Year Built
    1973
    Buildings
    2
    Stories
    2
    Units
    7

    HighLights

    • $899,000 asking price.
    • Multifamily, office, and self‑storage property with 9,576 square feet.
    • 8.00% cap rate with a $891,378 NOI.
    • Seven units, including four office spaces and two recently remodeled apartments, plus one storage unit.
    • Two buildings totaling 9,576 square feet, built in 1973 and 1976, situated on a 0.83‑acre lot in Hawthorne, NV.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Map

    City
    Hawthorne
    County
    Mineral
    State
    Nevada
    Longitude
    -118.6259918
    Latitude
    38.5325547

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    FAQs

    What type of property is this?
    Multifamily property - 7-Unit Mixed-Use Property, High NOI
    Where is this multifamily property located?
    The property is located at 1000 C St Hawthorne, NV.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: $899,000 asking price.; Multifamily, office, and self-storage property with 9,576 square feet.; 8.00% cap rate with a $891,378 NOI.
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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
    1000 C St Hawthorne, NV 89415
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