36 C St Virginia City, NV 89440
- Investment properties
- 5,620 SF
- 0.11 lot acres
Current Use by Public Records
- Real Silver Dollars in the Queens Dress / Clothing Store / Discount Store
Property Details for 36 C St
- Year built
- 1902
- Lot size
- 0.11 lot acres
- Property size
- 5,620 SF
- Zone code
- CR
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 001-084-04
- APU
- 108404
Description
This iconic Virginia City, NV storefront, featured in USAToday, offers 5,620 square feet of retail space and four 1-bedroom apartments. The main floor houses a well-established candy store with built-in shelving, display cases, and ample storage. Two evaporative coolers maintain a comfortable shopping environment. Upstairs, four separately rented apartments each include off-street parking. The building, constructed in 1902, boasts a recently redone roof and exterior repainted approximately 15 years ago, featuring large display windows and multiple entrances facing the boardwalk. The 0.11-acre lot is zoned GC, offering flexibility. The property enjoys a strong 8% cap rate and a pro-forma NOI of $256,313. Its prime location on the boardwalk, near attractions like the Silver State National Park and Mark Twain Museum, ensures high foot traffic and visibility. This unique blend of commercial and residential space presents a compelling investment opportunity in a vibrant historic community. The property includes a shared fenced landing area for tenants.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $225,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $175,000
- 6.5%
- $180,000
- 7%
- $175,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $205,000
- Geo Method
- $165,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $215,000
- Retail
- $225,000
- Mixed-Use
- $170,000
- Hospitality
- $195,000
- Educational
- $170,000
- Residential Income
- $170,000
- Energy
- $200,000
- Income-Based Land
- $210,000
- Food Service
- $185,000
Location Insight
- Map
- Local Demand
- City
- Virginia City
- County
- Storey
- State
- Nevada
- Longitude
- -119.65
- Latitude
- 39.3113
- CBSA code
- 39900
- CBSA name
- RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA