1200 Mountain StCarson City, NV 89703

Property Details for 1200 Mountain St

Year built

1961

Lot size

1.51 AC

Property size (Sq ft)

3,301 SF

Zone code

RO

Property type

Office properties

Property subtype

Office buildings

APN

001-213-12

APU

121312

Description

This 20,632-square-foot medical office complex in Carson City, Nevada, presents a compelling value-add opportunity. Located at 1200 Mountain St, this fee-simple property sits on a 1.51-acre lot and comprises two buildings. The main building, totaling 17,331 square feet, is configured for multi-tenant use, while the second building offers 3,301 square feet of single-tenant space. Both buildings feature fully built-out medical suites with wet exam rooms and common reception areas. Originally constructed in 1961, the larger building underwent significant renovations in 1981 and 1991, with the smaller building also renovated in 1991. Recent capital improvements (since 2013) include a new roof on the main building, upgraded HVAC systems, a resurfaced parking lot, and various interior and exterior upgrades. A portion of the main building is equipped with a fire sprinkler system. The property benefits from a prime location, adjacent to the historic district and the Governor's Mansion, and directly across from Carson Tahoe Health Specialty Medical Center and a new memory care facility. Zoned RO (Residential Office), this property offers excellent potential for owner-users or investors seeking to capitalize on the strong medical presence in the area. The property was previously occupied by Carson Medical Group, which expanded to a larger facility. The buildings are single-story and feature typical medical office amenities, including exam rooms, lab areas, private and open offices, and break areas. The property's APN is 001-213-12.

• CAP approach

  CAP return

  Valuation

  6%

  $658,741

  6.5%

  $608,068

  7%

  $564,635

• Comparable approach

  Method

  Valuation

  Relative Method

  $755,896

  Geo Method

  $755,896

• Alternative Use

  Use

  Valuation

  Residential

  $754,005

  Hospitality

  $690,664

  Educational

  $574,625

  Medical

  $594,387

  Retail

  $893,861

Location Insight

City

Carson City

County

Carson City

State

Nevada

Latitude

39.1712

Longitude

-119.774

CBSA code

16180

CBSA name

CARSON CITY, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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