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Property profile & analytics
OFF-MARKET
Commercial real estate
402 Minnesota St, Carson City, NV 89703-4272
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US62-0363321
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1958
Total area
648 SF
Lot
0.21 ac (8,930 SF)
Zoning code
RO
APN
003-127-09
UPID
US62-0363321
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
-
Jessica Stalnaker, Realtor Real Estate Agency
-
Colleen McKoy, Brick & Mortar Properties LLC Real Estate Agency
-
Vicki Marotti, Brick & Mortar Properties LLC Real Estate Agency
-
Brick & Mortar Properties Property Management Company Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
The Hanging Valley LLC · 5 yrs held
The Hanging Valley LLC
since 2021
Last sale
$385,000
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,389
Tax year 2024
Assessed value
$77,087
Assessed 2024
Previous assessed
$74,759
+3.1% YoY
Effective rate
3.10%
On assessed value
Assessed land
$52,507
Assessed improvement
$24,580
Land market value
$150,021
Improvement market value
$70,230
Total market value
$220,251
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1958
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Bathrooms
2
Total area
648 SF
Lot
0.21 ac (8,930 SF)
Zoning code
RO
APN
003-127-09
UPID
US62-0363321
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
1958
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
The Hanging Valley LLC
Entity
Mailing address
402 S MINNESOTA ST, CARSON CITY, NV 89703-4272
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2021
—
The Hanging Valley LLC
—
Deed
related
$198,849 · Us Bank NA
Apr 20, 2021
$385,000
The Hanging Valley LLC
402 S Minnesota LLC
Bargain And Sale Deed
$308,000 · Us Bank NA
Sep 24, 2019
—
Dan Mccraw Ins Svc LLC
—
Deed
related
$40,000 · Maria Vega
Sep 20, 2019
$305,000
402 S Minnesota LLC
Glenbrook Co
Grant Deed
$264,000 · Glenbrook Co
—
—
Dan Mccraw Ins Svc LLC
—
Deed Of Trust
related
$40,000 · Maria Vega
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.
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