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Property profile & analytics
FOR LEASE
Office buildings
4150 Technology Way Carson City, NV 89706
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US62-0078551
For Lease
1 / 6
$1,620,000
4150 Technology Way, Carson City, NV 89706
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Property summary
AI-generated overview
This exceptional investment opportunity presents a 98,746 square foot Class B office complex located at 4126 & 4150 Technology Way, Carson City, Nevada, 89706. The property consists of two buildings, each spanning 49,373 square feet, situated on approximately 4.51 acres (2.21 and 2.3 acres). Built in 1997, the buildings boast updated HVAC systems and ample parking with 321 spaces. The asking price is $23,000,000, translating to $232.92 per square foot. The property is zoned Limited Industrial (LI) and features a long-term, stable tenant: the State of Nevada – Department of Health and Human Services, encompassing the Division of Child and Family Services and the Division of Public and Behavioral Health. The current lease agreement runs from August 1st, 2022, to July 31st, 2027, and is a full-service lease. The property's APN is 005-051-18 & 005-051-20. This presents a compelling opportunity for investors seeking a stable, long-term income stream with a strong government tenant in a desirable Nevada location. The property's size, location, and existing lease make it an attractive investment prospect.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1997
Total area
48,799 SF
Lot
2.3 ac (100,188 SF)
Zoning code
LI
APN
005-051-20
UPID
US62-0078551
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
-
Health Division Public Health Department
-
FedEx Drop Box Postal Service Courier Service
-
Carson City - Public Records City Government Office
-
Emergency Medical Services Public Health Department
-
Child Care Services Bureau Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.13M
Blend (final)
Blend
$1.62M
Owner & transaction history
Holly Carson II LLC · 1 yrs held
Holly Carson II LLC
since 2024
7 recorded transactions
Zoning & alternative use
LI · 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
$1,105,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±10%
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
$33 / 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
$34,369
Tax year 2024
Assessed value
$1,687,085
Assessed 2024
Previous assessed
$1,534,823
+9.9% YoY
Effective rate
2.04%
On assessed value
Assessed land
$175,329
Assessed improvement
$1,511,756
Land market value
$500,940
Improvement market value
$4,319,304
Total market value
$4,820,244
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
1997
Heating
NONE
Cooling
AC.PACKAGE
Stories
3
Total area
48,799 SF
Lot
2.3 ac (100,188 SF)
Zoning code
LI
APN
005-051-20
UPID
US62-0078551
Jurisdiction
CARSON CITY
Zoning & alternative use
LI · Carson City, NV
Zoning LI · permitted uses
LI · 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
1997
Heating
NONE
Cooling
Yes
Stories
3
Lot
2.3 ac
Current owner
From public records · entity-resolved
Holly Carson II LLC
Entity
Mailing address
44427 AIRPORT RD STE #400, CALIFORNIA, MD 20619-2069
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2026
—
Holly Carson II LLC
—
Deed
related
$10,000,000 · Heritage Bank Of Nevada
Jul 15, 2025
—
Holly Carson II LLC
—
Deed
related
$320,000 · Heritage Bank Of Nevada
Oct 14, 2024
—
Holly Carson II LLC
Holly Carson II LLC
Deed
related
$2,500,000 · Heritage Bank Of Nevada
Feb 2, 2024
—
Holly Carson II LLC
—
Deed
related
$150,000 · Heritage Bank Of Nevada
Mar 26, 2014
—
Stephanie S Ream
Js Dev Co
Grant Deed
related
—
Feb 20, 2014
$5,000,000
Carson Holly II
Ream,stephanie S
Trustees Deed
$8,900,000 · Heritage Bk/nv
Aug 10, 2011
—
Stephanie S Ream
—
Deed Of Trust
related
$3,500,000 · City National Bank
Jul 19, 2011
—
Stephanie S Ream
—
Deed Of Trust
related
$6,485,525 · Bank Of America
Dec 6, 2010
$5,524,257
Stephanie S Ream
Js Dev Co
Grant Deed
—
—
—
Stephanie S Ream
—
Deed Of Trust
related
—
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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