Property profile

501 Carson St Carson City, NV 89701

OFF-MARKET
Office buildings
Property ID
US62-0392303
7,548 SF 0.13 ac lot Built 1988
Entity Owned 29-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use investment opportunity in Carson City, Nevada, presents a compelling proposition for discerning investors. Located at 501 S Carson St, 89701, this property boasts a total of 7,548 square feet across two stories within a single building constructed in 1988. The property features five units, offering a diverse tenant base and a current rental income of $10,745 per month, providing a significant offset to mortgage payments. The property sits on a 0.13-acre lot (APN 004-061-01) and is currently configured as a multi-tenant building with a well-established dental practice occupying the first floor. This dental practice is also available for separate purchase, presenting a unique opportunity for a buyer seeking a combined real estate and business acquisition. The asking price is $3,499,000, translating to a price per square foot of $463.57. This property offers a blend of stable rental income and potential for future appreciation, making it an attractive investment in a desirable Nevada location. The existing tenant mix provides immediate cash flow, while the potential for additional income streams or property upgrades further enhances its long-term value. This is a rare opportunity to acquire a well-positioned mixed-use property in a thriving Nevada community.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1988
Total area 7,548 SF
Lot 0.13 ac (5,663 SF)
Zoning code DT-MU
APN 004-061-01
UPID US62-0392303

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Dental Office
  • Hair Salon Nail Salon
  • Spa & Massage Center

Location

501 Carson St Carson City, NV 89701-4746
Carson City metro Census 100 CARSON CITY, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$580k
Blend (final) Blend
$200k

Owner & transaction history

since 1997
1 recorded transaction
1997
$725,000

Zoning & alternative use

DT-MU · Carson City, NV
Zoning description

18.04.125 - Downtown mixed-use (DT-MU) district; purpose. (Art. 2, § 2.220 of the Carson City Charter; NRS 278.020 and 278.250) 1. The purpose of the DT-MU district is to preserve a mixed-use district limited primarily t…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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