Technical
Financial
Distress signals
Property profile

600 S Carson St Carson City, NV 89701

FOR SALE
Casinos
Property ID
US62-0324725
184,184 SF 1.71 ac lot Built 1972
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

The Ormsby House is a historical landmark located in Carson City, Northern Nevada, overlooking the Nevada State legislative compound. The property comprises four parcels (APNs 003-092-03, 003-092-04, 003-092-05, and 003-093-05) totaling 3.18 acres. It includes approximately 200,000 square feet of hotel-oriented space that is configured in various stages of construction and is accompanied by newly installed mechanical systems. The site is positioned for multiple possible uses, including conference and events functions, retreat or resort uses, care-facility applications, and retail.

Property profile

Verified
Property type Casinos
Use group CASINO
Year built 1972
Total area 184,184 SF
Lot 1.71 ac (74,488 SF)
Zoning code DT-MU
APN 003-092-03
UPID US62-0324725

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
  • Museum Tourist Attraction
  • Tour Operator
  • Park
  • Tour Operator
  • Tour Operator

Location

600 S Carson St Carson City, NV 89701
Carson City metro Census 100 CARSON CITY, NV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$935k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$935k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

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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