Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3589 Drako Way Carson City, NV 89701
    Back to Search
    Property profile & analytics

    3589 Drako Way, Carson City, NV 89701

    View on Map
    • Industrial properties
    • 4,080 SF
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 3589 Drako Way

    Lot size
    1.00 lot acres
    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This exceptional Carson City industrial property offers 4,080 square feet of versatile flex space, ideal for a variety of industrial or manufacturing uses. Situated on a one-acre lot in the Carson City submarket, this single-tenant building provides ample room for production, assembly, or distribution activities. Built in 1976, the property is zoned General Industrial (GI) and features a fenced yard with partial asphalt paving. The building itself boasts a practical layout, including a small office area and mezzanine storage, enhancing its functionality. A notable feature is the cleanroom-type finish in the warehouse area, offering a high level of cleanliness and control. The property also benefits from a well and septic system, ensuring self-sufficiency. Located at 3589 Drako Way, Carson City, NV 89701 (APN 008-522-14), this property presents a unique opportunity to capitalize on the growth potential of the Northern Nevada market. The combination of size, location, and features makes this an attractive investment for businesses seeking a functional and well-maintained industrial space. This property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carson City
    County
    Douglas
    State
    Nevada
    Longitude
    -119.694
    Latitude
    39.1905

    Comparable in this City

    • Value Estimation by Request
      12,182 SF

      3581 Drako Way

      Flex space
      3581 Drako Way, Carson City, NV 89701
      View Details
    • Value Estimation by Request
      4,080 SF

      3589 Drako Way

      Life science properties
      3589 Drako Way, Carson City, NV 89701
      View Details
    • Value Estimation by Request
      15,460 SF

      5951 Us-50

      Individual retail properties
      5951 Us-50, Carson City, NV 89701
      View Details
    • Value Estimation by Request
      1.01 Acres

      Astro Dr

      INDUSTRIAL (GENERAL)
      Astro Dr, Carson City, NV 89701
      View Details
    • Value Estimation by Request
      0.91 Acres

      Morgan Ml Rd

      INDUSTRIAL (GENERAL)
      Morgan Ml Rd, Carson City, NV 89701
      View Details
    • Value Estimation by Request
      7.19 Acres

      5851 Morgan Ml Rd

      INDUSTRIAL (GENERAL)
      5851 Morgan Ml Rd, Carson City, NV 89701
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,000 SF

      Carson City Industrial Property

      9,000 SF industrial property available for purchase in Carson City.
      5576 Bighorn Dr, Carson City, NV 89701
      View Details
    • $1,149,000
      1,831 SF

      Mixed-Use Asset in Carson City

      Multi-structure, mixed-use property with redevelopment potential in South Carson.
      3129 S Carson St, Carson City, NV 89701
      View Details
    • Contact for pricing
      Pending

      Highway 50 Commercial Building

      15,460 SF commercial building on 1.86 acres in Carson City.
      5951 Us Highway 50, Carson City, NV 89701
      View Details
    • Contact for pricing
      4,800 SF

      Warehouse with Fenced Yard Space

      Two warehouses on 0.74 acres, one tenant occupied.
      3084 N Deer Run Rd, Carson City, NV 89701
      View Details
    • $4,500,000

      Carson City Multi-Tenant Industrial Building

      Multi-tenant industrial building in Carson City with investment opportunity.
      3915 Fairview Dr, Carson City, NV 89701
      View Details
    • Contact for pricing
      7,800 SF

      Highway 50 Industrial Property

      Industrial property on Highway 50 with multiple buildings.
      3620 Us Highway 50 E, Carson City, NV 89701
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      NV, Carson City – S Carson St

      Workspaces, services and support to help you work better in NV, Carson City – S Carson St
      1007 Carson St 1 &, Carson City, NV 89701
      View Details
    • Contact for pricing
      5,500 SF

      Carson City Flex/Industrial Space

      5,500 SF flex/industrial space with roll-up door for rent.
      3905 Fairview Dr, Carson City, NV 89701
      View Details
    • Contact for pricing

      Renovated Flex Space Available

      Newly renovated flex space with office buildouts and convenient location.
      550 Mallory Way, Carson City, NV 89701
      View Details
    • Contact for pricing
      5,400 SF

      Carson City Warehouse Space Available

      Industrial warehouse space for lease in Carson City, Nevada.
      1991 E William St, Carson City, NV 89701
      View Details
    • Contact for pricing
      3,432 SF

      Carson City Warehouse Space Available

      Warehouse space for rent in Carson City, Nevada.
      1851 S Roop St, Carson City, NV 89701
      View Details
    • Contact for pricing

      Carson City Retail/Office/Warehouse Space

      Corner retail/office/showroom and drive-in warehouse space for lease.
      3745-3745 N Carson St, Carson City, NV 89701
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3589 Drako Way
    Carson City, NV 89701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3589 Drako Way, Carson City, NV, 89701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!