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Property profile & analytics
FOR SALE
Hotels

3251 S Carson St Carson City, NV 89701

5,900 SF 3.52 ac lot Built 1967
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US62-1191668
Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1967
Total area 5,900 SF
Lot 3.52 ac (153,331 SF)
Zoning code RC
APN 009-112-07
UPID US62-1191668
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mill House Inn Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$425k
CAP Approach CAP
by Request
Comparable Approach Comparable
$590k
Blend (final) Blend
$510k
Owner & transaction history
3251 S Carson Street LLC · 2 yrs held
3251 S Carson Street LLC
since 2023
5 recorded transactions
2023
Price N/A
2022
Price N/A
2022
Price N/A
2021
$2.5M
2002
Price N/A
Zoning & alternative use
RC · Carson City, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

18.04.130 - Retail commercial (RC) district; purpose. (Art. 2, § 2.220 of the Carson City Charter; NRS 278.020 and 278.250) 1. The purpose of the RC District is to preserve a commercial district limited primarily to offices and retail sale of new merchandise, excluding all uses in the General Commercial and Industrial districts except for some service uses w…

Zone name Retail Commercial
General category INDUSTRIAL
Zone area 689.07 ac
Source code of ordinances
Top alternative use upside
Apartment house (5+ units) $715,000 +119.7%
Restaurant $605,000 +85.9%
Office building $535,000 +64.3%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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