Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1770 Russell Way Carson City, NV 89706-2727

    • Apartment buildings
    • 1,344 SF
    • 5.99 lot acres
    OFF-MARKET
    Last Sale
    Jun 11, 2021
    $14,475,000
    Value Estimations
    $14,675,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0381380
    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.

    Current Use by Public Records

    • Foothill Gardens / Apartment Building / Apartment Complex

    Property Details for 1770 Russell Way

    Year built
    1973
    Lot size
    5.99 lot acres
    Property size
    1,344 SF
    Zone code
    MFA
    Property type
    Apartment buildings
    APN
    002-101-84
    APU
    210184

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $18,145,000
      ML approach
      $11,600,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Carson City
    County
    Carson City
    State
    Nevada
    Longitude
    -119.744
    Latitude
    39.1763
    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
    2018
    $557
    $1,461,174
    $768,846
    $2,230,020
    -
    $4,174,784
    $2,196,702
    $6,371,486

    Comparable in this City

    • Value Estimation
      $3,320,000
      54,500 SF

      680 Hot Spgs Rd

      APARTMENT HOUSE (5+ UNITS) • 54,500 SF
      680 Hot Spgs Rd, Carson City, NV 89706-1686
      View Details
    • Value Estimation
      $1,095,000
      6,912 SF

      1841 Long St

      APARTMENT HOUSE (5+ UNITS) • 6,912 SF
      1841 Long St, Carson City, NV 89706-3259
      View Details
    • Value Estimation
      $5,270,000
      12,480 SF

      330 Nye Ln

      APARTMENT HOUSE (5+ UNITS) • 12,480 SF
      330 Nye Ln, Carson City, NV 89706-3803
      View Details
    • Value Estimation by Request
      7,102 SF

      327 Corbett St

      APARTMENT HOUSE (5+ UNITS) • 7,102 SF
      327 Corbett St, Carson City, NV 89706-3195
      View Details
    • Value Estimation by Request
      1,640 SF

      633 Hot Spgs Rd

      APARTMENT HOUSE (5+ UNITS) • 1,640 SF
      633 Hot Spgs Rd, Carson City, NV 89706-1636
      View Details
    • Value Estimation by Request
      2,596 SF

      512 Long St

      APARTMENT HOUSE (5+ UNITS) • 2,596 SF
      512 Long St, Carson City, NV 89706-3237
      View Details

    Similar Nearby for Sale

    • $1,620,000
      2.80 Acres

      Nevada RV & Boat Storage

      Established RV & boat storage facility. High-growth area.
      7 Adair Dr, Mound House, NV 89706
      View Details
    • Contact for pricing
      1 SF

      Prime Commercial Land For Lease

      Ideally located acre of land available for lease.
      2172 N Carson St, Carson City, NV 89706
      View Details
    • $5,250,000
      12,120 SF

      Carson City Warehouse Investment Opportunity

      Fully occupied warehouse investment with national tenant through 2034.
      1770 Dori Way, Carson City, NV 89706
      View Details
    • $899,000
      4,000 SF

      Warehouse with Fenced Yard Space

      Warehouse with fenced yard space for sale in Nevada.
      18 Kit Kat Dr, Mound House, NV 89706
      View Details
    • $295,000

      Tourist Commercial Land For Sale

      Land with tourist commercial zoning and high visibility.
      1300 Old Hot Springs Rd, Carson City, NV 89706
      View Details
    • New
      $1,500,000
      6,081 SF

      Turn-Key Restaurant and Entertainment Venue

      Mixed-use commercial building with bars, lounge, stage, and dance floor.
      10023 Us Highway 50, Mound House, NV 89706
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      1,440 SF

      Retail Space in Carson City

      1,440 SF retail space suitable for various businesses.
      1500 Old Hot Springs Rd, Carson City, NV 89706
      View Details
    • $0.90 SF/Yr
      13,358 SF

      Carson City Flex/Industrial Space

      Flex/industrial space available for lease in Carson City, Nevada.
      4034 Technology Way, Carson City, NV 89706
      View Details
    • $1,800,000
      10,000 SF

      Industrial Property with Fenced Yard

      Industrial space featuring office, mezzanine storage, and drive-through access.
      15 Industrial Pkwy, Mound House, NV 89706
      View Details
    • $1.15 SF/Yr
      10,000 SF

      Carson City Warehouse Space Available

      10,000 SF warehouse with office space for lease.
      3320 Research Way, Carson City, NV 89706
      View Details
    • $1.00 SF/Yr
      4,680 SF

      Carson City Specialty Property Available

      Specialty property featuring a fenced yard and sales lot.
      2500 N Carson St, Carson City, NV 89706
      View Details
    • New
      $36,486
      6,081 SF

      Turn-Key Commercial Space on Highway 50

      Mixed-use commercial building with bars, stage, and dance floor for rent.
      10025 Us-50 Hwy, Mound House, NV 89706
      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.
    1770 Russell Way
    Carson City, NV 89706-2727
    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

    Google sign-in failed. Please try again or use another login method.