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    Property profile & analytics

    3589 Carson St Carson City, NV 89706-0168

    • Turn key restaurants
    • 2,970 SF
    • 0.77 lot acres
    OFF-MARKET
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0455544
    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

    • Burger King / Restaurant / Fast Food Restaurant

    Property Details for 3589 Carson St

    Year built
    1994
    Lot size
    0.77 lot acres
    Property size
    2,970 SF
    Zone code
    RC
    Property type
    Turn key restaurants
    APN
    002-392-08
    APU
    239208

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $400,000
      Market price range: $189k - $514k

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

    Location Insight

    • Map
    • Local Demand
    City
    Carson City
    County
    Carson City
    State
    Nevada
    Longitude
    -119.772
    Latitude
    39.1904
    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
    $10,394
    $156,843
    $166,842
    $323,685
    -
    $448,122
    $476,692
    $924,814

    Comparable in this City

    • Value Estimation
      $270,000
      5,998 SF

      3205 Retail Dr

      RESTAURANT • 5,998 SF
      3205 Retail Dr, Carson City, NV 89706-0689
      View Details
    • Value Estimation
      $250,000
      3,704 SF

      730 Basque Way

      RESTAURANT • 3,704 SF
      730 Basque Way, Carson City, NV 89706-7936
      View Details
    • Value Estimation
      $275,000
      4,324 SF

      2001 Carson St

      RESTAURANT • 4,324 SF
      2001 Carson St, Carson City, NV 89706-2248
      View Details
    • Value Estimation
      $200,000
      2,551 SF

      3225 Retail Dr

      RESTAURANT • 2,551 SF
      3225 Retail Dr, Carson City, NV 89706-0689
      View Details
    • Value Estimation
      $615,000
      5,580 SF

      3809 Carson St

      RESTAURANT • 5,580 SF
      3809 Carson St, Carson City, NV 89706-1935
      View Details
    • Value Estimation
      $215,000
      2,274 SF

      822 College Pkwy

      RESTAURANT • 2,274 SF
      822 College Pkwy, Carson City, NV 89706-0628
      View Details

    Similar Nearby for Sale

    • New
      $1,500,000
      0.34 Acres

      Turn-Key Restaurant and Entertainment Venue

      Mixed-use commercial building with bars, stage, and dance floor.
      10023 Us Highway 50, Mound House, NV 89706
      View Details
    • New
      $1,500,000
      6,081 SF

      Turn-Key Commercial Building on Highway 50

      Mixed-use commercial building with bars, lounge, stage, and dance floor.
      10023 Us Highway 50, Mound House, NV 89706
      View Details
    • $775,000
      2,809 SF

      Moundhouse Highway Recreational Vehicle Repair

      Recreational vehicle repair business with real estate on main highway.
      10087 Us Highway 50 E, Mound House, NV 89706
      View Details
    • $450,000
      0.92 Acres

      Carson City Commercial Land Parcel

      0.92-acre GI-zoned lot, ideal location.
      0 Goni Rd, Carson City, NV 89706
      View Details
    • Contact for pricing
      64,548 SF

      Carson City Industrial Warehouse Duo

      Two Warehouses, 64,548 SF Total
      2600 Lockheed Way, Carson City, NV 89706
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    • $499,000
      2.24 Acres

      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
      View Details

    Similar Nearby for Lease

    • New
      $36,486
      27,007 SF

      Turn-Key Restaurant/Entertainment Opportunity on Hwy 50

      Mixed-use commercial building perfect for food, beverage, and entertainment ventures.
      10025 Us-50 Hwy, Mound House, NV 89706
      View Details
    • New
      $36,486
      6,081 SF

      Turn-Key Commercial Building For Rent

      Equipped bars, lounge, stage, and dance floor near Carson City.
      10025 Us-50 Hwy, Mound House, NV 89706
      View Details
    • $1.40 SF/Yr
      2,200 SF

      Retail Space on Roop Street

      Retail space available May 1st, 2025, tenant pays utilities.
      725 Basque Way, Carson City, NV 89706
      View Details
    • $1.00 SF/Yr
      671 SF

      Retail Space in Northgate Plaza

      Retail suites available in Carson City, Nevada from 671-2,926 SF.
      2589 N Carson St, Carson City, NV 89706
      View Details
    • Contact for pricing
      480 SF

      Retail Space in Carson City

      Retail space available for lease in Carson City, Nevada.
      213 Sage St, Carson City, NV 89706
      View Details
    • $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

    Property Visit Statistics

    • Visits by month
      20.8k
    • Visitors by month
      11.3k
    • Avg Time on site
      8 min
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    3589 Carson St
    Carson City, NV 89706-0168
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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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