4150 Technology Way Carson City, NV 89706-2026
- Office buildings
- 48,799 SF
- 2.30 lot acres
Current Use by Public Records
- Health Division / Public Health Department
- FedEx Drop Box / Mailing Service
- Carson City - Public Records / City Government Office
- Emergency Medical Services / Public Health Department
- Child Care Services Bureau / Social Services Organization
Property Details for 4150 Technology Way
- Year built
- 1997
- Lot size
- 2.30 lot acres
- Property size
- 48,799 SF
- Zone code
- LI
- Property type
- Office buildings
- APN
- 005-051-20
- APU
- 505120
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,105,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $910,000
- 6.5%
- $880,000
- 7%
- $855,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $875,000
- Geo Method
- $1,050,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $935,000
- Retail
- $755,000
- Mixed-Use
- $710,000
- Hospitality
- $940,000
- Educational
- $785,000
- Residential Income
- $705,000
- Energy
- $780,000
- Income-Based Land
- $900,000
- Food Service
- $930,000
Location Insight
- Map
- Local Demand
- City
- Carson City
- County
- Carson City
- State
- Nevada
- Longitude
- -119.724
- Latitude
- 39.1971
- CBSA code
- 16180
- CBSA name
- CARSON CITY, NV METROPOLITAN STATISTICAL AREA
