Property profile

202 N Carson St Carson City, NV 89701

FOR LEASE
Office buildings
Property ID
US62-0421515
9,426 SF 0.23 ac lot Built 1926
Individually Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Carson City retail property, located at 202 N Carson St, presents a unique investment opportunity. The building boasts a substantial 10,089 square feet of versatile space, previously utilized as both a restaurant and a bank, offering significant potential for a variety of uses. The asking price is $1,500,000. The property features excellent street visibility and accessibility, with frontage on Carson, Musser, and Curry Streets, ensuring high traffic and exposure. In addition to the main floor space, there is also an unfinished basement area of approximately 2,720 square feet, providing further expansion or storage possibilities. The property's location in the vibrant city of Carson City, Nevada (zip code 89701), offers a strong foundation for a successful business venture. The building's size and adaptable layout make it suitable for a range of commercial enterprises. This is a rare chance to acquire a substantial retail property in a desirable location with significant upside potential. The property's strategic position and ample square footage make it an attractive investment for both established businesses and new ventures seeking a prominent presence in Carson City. The combination of main floor space and the unfinished basement provides flexibility for future development and customization. Serious inquiries are encouraged to explore this compelling investment opportunity further.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1926
Total area 9,426 SF
Lot 0.23 ac (10,019 SF)
Zoning code DT-MU
APN 003-213-03
UPID US62-0421515

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • State Government Office
  • State Government Office

Location

202 N Carson St Carson City, NV 89701
Carson City metro Census 100 CARSON CITY, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$850k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.13M
Blend (final) Blend
$805k

Owner & transaction history

since 2025
Last sale
$1.0M
6 recorded transactions
2025
$1.0M
2020
Price N/A
2020
Price N/A
1998
$75,000
1997
$69,000
1996
$390,500

Zoning & alternative use

DT-MU · Carson City, NV
Zoning description

18.04.125 - Downtown mixed-use (DT-MU) district; purpose. (Art. 2, § 2.220 of the Carson City Charter; NRS 278.020 and 278.250) 1. The purpose of the DT-MU district is to preserve a mixed-use district limited primarily t…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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