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    Property profile & analytics
    OFF-MARKET Estimated value $585,000
    Commercial real estate

    600 Carson St, Carson City, NV 89701-4004

    6,177 SF 1.4 ac lot Built 1959
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US62-0381384
    Property summary
    AI-generated overview

    The Ormsby House, a prominent Carson City landmark at 600 S Carson St, presents a unique investment opportunity. This 184,184 square foot, two-building property, built in 1970 with ongoing renovations, offers 110 units and 400 parking spaces. The main building, approximately 100,000 square feet, features eight stories of rooms, offices, and mixed-use areas. An adjacent seven-story parking garage adds another 146,404 square feet. The basement includes 7,662 square feet of commercial space and 1,395 square feet of office space. Two additional vacant parcels totaling approximately 0.79 acres are included. The property is zoned DTMU (Downtown/Mixed Use), allowing for diverse uses including hotel/casino, office, multi-family, and retail. New mechanical, electrical, and plumbing systems, along with a newer roof, have been installed. The property is eligible for an unlimited gaming license. Its location adjacent to the Nevada State Capitol Complex and downtown Carson City provides exceptional access to government offices, amenities, and a business-friendly environment. The property's proximity to Reno and Lake Tahoe further enhances its appeal. The asking price is $16,750,000 ($90.94/sq ft). This represents a significant opportunity to revitalize a key Carson City asset.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1959
    Total area 6,177 SF
    Lot 1.4 ac (60,810 SF)
    Zoning code P
    APN 003-283-07
    UPID US62-0381384
    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 State Museum Museum Tourist Attraction
    • Lincoln Highway Marker Tour Operator
    • Woodrow W. Loftin Park Park
    • Nevada Historical Marker 196: United States Mint Tour Operator
    • Dedicated to You, A Free Citizen in a Free Land Marker Tour Operator
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $385k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $790k
    Blend (final) Blend
    $585k
    Owner & transaction history
    STATE NEVADA
    STATE NEVADA
    Zoning & alternative use
    P · Carson City, NV
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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