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Property profile & analytics
FOR LEASE
Office buildings
400 W King St Carson City, NV 89703
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US62-0546690
For Lease
1 / 15
$19.80 SF/Yr
400 W King St, Carson City, NV 89703
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1974
Total area
35,426 SF
Lot
0.66 ac (28,749 SF)
Zoning code
RO
APN
003-205-99
UPID
US62-0546690
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
-
NEVADA BREASTFEEDS Association / Organization
-
Mine Safety & Training High School Vocational School
-
Shelter Insurance - Ana Fernandez Insurance Agency
-
Special Education High School
-
Workers Compensation Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$3.37M
Owner & transaction history
Amy Connelly
Amy Connelly
since 2025
Last sale
$3.2M
6 recorded transactions
Zoning & alternative use
RO · Carson City, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Carson City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carson City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.37M
Range $3.03M – $3.71M · ±10% · vs last sale $3.15M (Dec 16 2025)
Last sale anchor
$3.15M
Dec 16 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$95 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$28,335
Tax year 2024
Assessed value
$793,666
Assessed 2024
Previous assessed
$762,137
+4.1% YoY
Effective rate
3.57%
On assessed value
Assessed land
$163,135
Assessed improvement
$630,531
Land market value
$466,099
Improvement market value
$1,801,518
Total market value
$2,267,617
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Lease
Year built
1974
Heating
NONE
Stories
4
Total area
35,426 SF
Lot
0.66 ac (28,749 SF)
Zoning code
RO
APN
003-205-99
UPID
US62-0546690
Jurisdiction
CARSON CITY
Zoning & alternative use
RO · Carson City, NV
Zoning RO · permitted uses
RO · Carson City, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carson City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Stories
4
Lot
0.66 ac
Current owner
From public records · entity-resolved
Amy Connelly
Individual
Mailing address
301 W WASHINGTON ST STE #1, CARSON CITY, NV 89703-3945
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2025
$3,150,000
Amy Connelly
Trust For Methodist Dev Of Thge Fir
Bargain & Sale Deed
$1,800,000 · Standard Insurance Co
Dec 16, 2025
—
Amy Connelly
Patrick Connelly
Deed
related
$1,800,000 · Standard Insurance Co
Aug 14, 2020
—
First United Methodist Church
—
Deed
related
—
Jul 13, 2004
—
Methodist Development Of First
First United Methodist Church
Quit Claim Deed
related
—
Aug 28, 2003
$2,090,000
United Methodist Church First
First United Methodist Church
Grant Deed
related
$16,085 · Western Insurance Co
Jun 21, 1996
—
Thomas E Patrick Trustee
Patrick,thomas
Quit Claim Deed
related
$850,000 · Standard Insurance Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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