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    2035 Carson St Carson City, NV 89706-2248
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    Property profile & analytics

    2035 Carson St, Carson City, NV 89706-2248

    View on Map
    • Commercial real estate
    • 46,850 SF
    • 3.72 lot acres
    Off-Market
    Last Sale Jun 15, 2025
    $6,256,619
    Property ID
    US62-0742060
    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.
    Value Estimations
    $6,395,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • C-A-L Ranch Stores / (Bike/Boat/Book/etc) Store
    • Amy Kenney, PharmD / Pharmacy
    • Sarah N. Hale-Byron, PharmD / Pharmacy
    • Kermit Sharenbrock, BS / Pharmacy

    Property Details for 2035 Carson St

    Year built
    1973
    Lot size
    3.72 lot acres
    Zone code
    RC
    Property type
    Commercial real estate
    APN
    002-072-18
    APU
    207218

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 15, 2025 $6,256,619 Nnn Reit LP Nextgen Properties LLC Bargain & Sale Deed —
    Jun 9, 2023 — C A L Ranch Stores LLC — Deed · related $135M · Tcw Asset Management Company LLC
    Aug 6, 2021 — The Carrington Company Caacarrington And Codding Quit Claim Deed · related —
    Aug 6, 2021 $5,250,000 Nextgen Properties LLC James W Codding JR Bargain And Sale Deed $3.9M · Wells Fargo Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,580,000
      ML approach
      $6,490,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,635,000
      Current use
      OFFICE BUILDING
      $9,160,000
      Change: +98% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Carson City
    County
    Carson City
    State
    Nevada
    Longitude
    -119.766
    Latitude
    39.1803
    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
    $30,563
    $397,329
    $458,728
    $856,057
    -
    $1,135,225
    $1,310,651
    $2,445,876

    Comparable in this City

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      10,893 SF

      2600 College Pkwyh39

      COMMERCIAL (GENERAL)
      2600 College Pkwyh39, Carson City, NV 89706-0777
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      44,064 SF

      2600 College Pkwyh29

      COMMERCIAL (GENERAL)
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    • Value Estimation by Request
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      2600 College Pkwyt20

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      2600 College Pkwyh47

      COMMERCIAL (GENERAL)
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    • Value Estimation by Request
      10,893 SF

      2600 College Pkwyh35

      COMMERCIAL (GENERAL)
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    Similar Nearby for Sale

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      Pending

      Mound House Land with Building

      28.23 AC land with 4,320 SF metal building.
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      26,345 SF

      Carson City Industrial Property For Sale

      26,345 SF industrial property on 1.46 AC parcel.
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      Pending

      Remodeled Retail Center on Highway

      Turnkey commercial retail center on a busy corridor.
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    • $701,350
      3.22 Acres

      Carson City Industrial Land Parcel

      3.22+/- acre vacant land parcel in Carson City, Nevada.
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    • $1,128,200
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      Carson City Industrial Land Parcel

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    Similar Nearby for Lease

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      4,680 SF

      Carson City Specialty Property Available

      Specialty property featuring a fenced yard and sales lot.
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      2,500 SF

      Carson City Retail Space Available

      Retail suites available in well-located Carson City shopping center.
      1921-1987 N Carson St, Carson City, NV 89706
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      Industrial Warehouse in Comstock Park

      5,000 SF warehouse in Comstock Industrial Park available for lease.
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    • Contact for pricing
      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
    • Contact for pricing
      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
    • Contact for pricing
      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

    Property Visit Statistics

    • Visits by month
      23.3k
    • Visitors by month
      18.6k
    • Avg Time on site
      26 min
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    Carson City, NV 89706-2248
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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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