1550 College Pkwy Carson City, NV 89706-7944
Property profile & analytics
1550 College Pkwy Carson City, NV 89706-7944
- Office buildings
- 44,456 SF
- 3.34 lot acres
Property ID
US62-0323189
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Taxation Department-Audit Division / State Government Office
- Board Of Equalization-Tax Apls / City Tax Office
- Taxation Department-Assessment Stand / Tax Department / Taxi Service
Property Details for 1550 College Pkwy
- Year built
- 1994
- Lot size
- 3.34 lot acres
- Property size
- 44,456 SF
- Zone code
- LI
- Property type
- Office buildings
- APN
- 008-124-14
- APU
- 812414
Description
This exceptional investment opportunity presents a fully leased, 44,456 square foot office building located at 1550 E College Parkway, Carson City, Nevada. The property, situated on a 3.34-acre lot (APN 008-124-14), boasts a 7.00% cap rate and a strong net operating income (NOI) of $714,770. Currently occupied at 100% capacity by the Nevada Department of Health and Human Services, the building benefits from a new 7-year lease commencing July 14, 2024, and expiring August 30, 2031. The asking price is $10,200,000, translating to a price per square foot of $229. Extensive renovations totaling approximately $1.5 million have recently been completed, including new LED lighting, 45 additional offices, upgraded restrooms, a new break room, new flooring, fresh paint, updated window treatments, modernized fire/life safety systems, and significant HVAC improvements. Two central courtyards provide outdoor break areas for employees. The property enjoys a prime location near US395/I580 Freeway and Carson City Airport, offering convenient access to downtown and other key areas. The building, constructed in 1994 and zoned LI, benefits from ample parking and mature landscaping within a professionally managed office complex. The tenant, the State of Nevada Department of Health and Human Services, has occupied the premises since 1994, demonstrating a history of long-term stable occupancy. This presents a compelling investment opportunity with below-replacement-cost pricing.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Carson City
- County
- Carson City
- State
- Nevada
- Longitude
- -119.75
- Latitude
- 39.1905
- CBSA code
- 16180
- CBSA name
- CARSON CITY, NV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$63,230
$366,636
$1,464,496
$1,831,132
-
$1,047,530
$4,184,274
$5,231,804
