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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1861 College Pkwy Carson City, NV 89706-7940

    • Commercial real estate
    • 2,208 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0374074
    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

    • Castrol Premium Lube Express / Auto Repair Shop

    Property Details for 1861 College Pkwy

    Year built
    1998
    Lot size
    0.48 lot acres
    Property size
    2,208 SF
    Zone code
    LI
    Property type
    Commercial real estate
    APN
    008-922-14
    APU
    892214

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Carson City
    County
    Carson City
    State
    Nevada
    Longitude
    -119.746
    Latitude
    39.1898
    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
    $6,134
    $87,817
    $114,500
    $202,317
    -
    $250,906
    $327,143
    $578,049

    Comparable in this City

    • Value Estimation by Request
      20,000 SF

      1535 Old Hot Springs Rd

      Office Properties & Spaces • 20,000 SF
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    • Value Estimation by Request
      0.16 Acres

      Taxiway Charlie

      COMMON AREA (COMMERCIAL) • 0.16 Acres
      Taxiway Charlie, Carson City, NV 89706
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    • Value Estimation by Request
      0.11 Acres

      110 Adams St

      COMMERCIAL (GENERAL) • 0.11 Acres
      110 Adams St, Carson City, NV 89706
      View Details
    • Value Estimation by Request
      10,893 SF

      2600 College Pkwy Hngr H37

      COMMERCIAL (GENERAL) • 10,893 SF
      2600 College Pkwy Hngr H37, Carson City, NV 89706-0777
      View Details
    • Value Estimation
      $1,305,000
      44,064 SF

      2600 College Pkwy Hngr H21

      COMMERCIAL (GENERAL) • 44,064 SF
      2600 College Pkwy Hngr H21, Carson City, NV 89706-0758
      View Details
    • Value Estimation by Request
      605 SF

      10200 Us Hwy 50th E

      COMMERCIAL (GENERAL) • 605 SF
      10200 Us Hwy 50th E, Mound House, NV 89706
      View Details

    Similar Nearby for Sale

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      0.92-acre GI-zoned lot, ideal location.
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      Nevada RV & Boat Storage

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      Carson City Commercial Land Investment

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      64,548 SF

      Carson City Industrial Warehouse Duo

      Two Warehouses, 64,548 SF Total
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    • $499,000
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      Carson City Development Site

      2.24-acre development site in Carson City's Tourist Commercial district.
      1350 Old Hot Springs Rd, Carson City, NV 89706
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    Similar Nearby for Lease

    • $0.85 SF/Yr
      24,674 SF

      Industrial Building with Expansion Potential

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    • $1.00 SF/Yr
      5,000 SF

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    • $1.00 SF/Yr
      671 SF

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      Retail suites available in Carson City, Nevada from 671-2,926 SF.
      2589 N Carson St, Carson City, NV 89706
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    • $4,000,000
      24,674 SF

      Mound House Warehouse For Rent

      24,674 SF warehouse with transportation access and expansion potential.
      10117 Us Highway 50 E, Mound House, NV 89706
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    • $12 SF/Yr
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      Carson City Creative Office Space

      Prime location, 1,796 sq ft, high traffic area.
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    • $12 SF/Yr
      16,547 SF

      Carson City Retail Spaces Available

      Prime Carson City retail, two spaces available.
      2307 Carson St, Carson City, NV 89706
      View Details
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    1861 College Pkwy
    Carson City, NV 89706-7940
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    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
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