Add Listing
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

    2 Austin Ave Yerington, NV 89447-3205

    • Apartment buildings
    • 2,669 SF
    • 164.88 lot acres
    OFF-MARKET
    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    7.3%
    Apartment buildings
    Location Intelligence
    Property ID
    US62-0897366
    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

    • Apartment buildings

    Property Details for 2 Austin Ave

    Year built
    1961
    Lot size
    164.88 lot acres
    Property size
    2,669 SF
    Zone code
    MULT
    Property type
    Apartment buildings
    APN
    014-451-03
    APU
    1445103

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $475,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $575,000
      6.5%
      $530,000
      7%
      $495,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $638,000
      Market price range: $126k - $639k

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

    Location Insight

    • Map
    • Local Demand
    City
    Yerington
    County
    Lyon
    State
    Nevada
    Longitude
    -119.209
    Latitude
    38.9878
    CBSA code
    22280
    CBSA name
    FERGUS FALLS, MN MICROPOLITAN 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
    $101,197
    $97,073
    $2,982,227
    $3,079,300
    -
    $277,351
    $8,520,648
    $8,797,999

    Comparable in this City

    • Value Estimation by Request
      1,408 SF

      601 Brg St

      APARTMENT HOUSE (5+ UNITS) • 1,408 SF
      601 Brg St, Yerington, NV 89447-2106
      View Details
    • Value Estimation by Request
      1,100 SF

      Campbell Ln

      APARTMENT HOUSE (5+ UNITS) • 1,100 SF
      Campbell Ln, Yerington, NV 89447
      View Details
    • Value Estimation
      $1,170,000
      28,054 SF

      705 Ss St

      APARTMENT HOUSE (5+ UNITS) • 28,054 SF
      705 Ss St, Yerington, NV 89447-2192
      View Details
    • Value Estimation
      $585,000
      4,794 SF

      101 Mtn Vw St

      APARTMENT HOUSE (5+ UNITS) • 4,794 SF
      101 Mtn Vw St, Yerington, NV 89447-2550
      View Details
    • Value Estimation
      $785,000
      4,800 SF

      130 Oregon St

      APARTMENT HOUSE (5+ UNITS) • 4,800 SF
      130 Oregon St, Yerington, NV 89447-3324
      View Details
    • Value Estimation
      $1,205,000
      5,056 SF

      608 Surprise St

      APARTMENT HOUSE (5+ UNITS) • 5,056 SF
      608 Surprise St, Yerington, NV 89447-2585
      View Details

    Similar Nearby for Sale

    • $164,999
      1,344 SF

      Remodeled Home on Spacious Lot

      Updated interior on 2.48-acre lot with expansion potential.
      7 Norris Rd, Yerington, NV 89447
      View Details
    • Contact for pricing
      1,248 SF

      Remodeled Home with Fenced Lot

      Clean, remodeled home with new roof and fenced lot.
      18 Bluestone Ave, Yerington, NV 89447
      View Details
    • $440,000
      2,468 SF

      Mixed-Use Property on Main Street

      Versatile mixed-use property in central Yerington, suitable for owner-user or investment.
      2 Newcombe Ave, Yerington, NV 89447
      View Details
    • $975,000
      29.46 Acres

      Yerington, NV: 29 Acres Commercial Land

      Prime 29-acre development opportunity in Yerington, NV.
      0 Bridge St, Yerington, NV 89447
      View Details
    • $1,399,000
      10,000 SF

      Mixed-Use Property with Warehouse

      Versatile commercial property featuring retail and warehouse space.
      15 Us Highway 95A North, Yerington, NV 89447
      View Details
    • $40,000
      5.00 Acres

      Level Lot in Yerington, NV

      5-acre lot suitable for building a dream home.
      Cardon Ln, Yerington, NV 89447
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,800 SF

      Warehouse with Fenced Yard Space

      Office and warehouse space with fenced yard and highway access.
      1 Us Highway 95A E, Yerington, NV 89447
      View Details
    • Contact for pricing
      43,617 SF

      Pioneer Crossing Commercial Space

      Commercial space with kitchen, suitable for restaurant or office use.
      11 N Main St, Yerington, NV 89447
      View Details
    • Contact for pricing
      43,617 SF

      Yerington Retail Space Available

      Prime Restaurant Space, Flexible Layout, Fully Equipped Kitchen
      11 Main St, Yerington, NV 89447
      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.
    2 Austin Ave
    Yerington, NV 89447-3205
    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.
    Sign Up Successful!
    You now have access to more from Realmo!