600 Carson St, Carson City, NV 89701-4004
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.
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Dedicated to You, A Free Citizen in a Free Land Marker Tour Operator
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
P · Carson City, NVCarson City. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.