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    Property profile & analytics

    612 Caroline St Carson City, NV 89701-4002

    • Office buildings
    • 991 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimations
    $205,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0074405
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grover Dental Laboratories / Dental Laboratory

    Property Details for 612 Caroline St

    Year built
    1941
    Lot size
    0.10 lot acres
    Property size
    991 SF
    Zone code
    GO
    Property type
    Office buildings
    APN
    004-242-04
    APU
    424204

    Description

    This exceptional Carson City property at 612 E Caroline St offers a unique blend of office and industrial space, ideal for a variety of businesses. The 991 square foot building features four separate offices, a large open area accommodating at least two desks, and is conveniently located in the 89701 zip code. An ADA-compliant ramp ensures accessibility. Included is a single-car garage providing valuable additional storage in two separate rooms. The property also boasts a tranquil backyard offering a peaceful retreat. Recent improvements include a new roof installed on the garage in August 2024. The property is zoned for both commercial and manufacturing uses, presenting versatile options for potential buyers. Its prime location in Carson City, Nevada, offers easy access to local amenities and transportation routes. The asking price for this well-maintained property is $375,000. This represents a compelling opportunity to acquire a functional and versatile commercial space in a desirable location. The property's combination of office space, industrial space, and ample storage makes it an attractive investment for entrepreneurs and established businesses alike. Don't miss this chance to own a piece of Carson City's thriving commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $205,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $201,000
      Market price range: $119k - $295k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Carson City
    County
    Carson City
    State
    Nevada
    Longitude
    -119.762
    Latitude
    39.168
    CBSA code
    16180
    CBSA name
    CARSON CITY, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $1,574
    $25,613
    $21,009
    $46,622
    -
    $73,181
    $60,027
    $133,208

    Comparable in this City

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      611 Telegraph St

      PROFESSIONAL BUILDING • 1,922 SF
      611 Telegraph St, Carson City, NV 89701-4217
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    • Value Estimation
      $320,000
      8,213 SF

      12 Wa Pai Shone Ave

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      12 Wa Pai Shone Ave, Carson City, NV 89701
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    • Value Estimation
      $18,175,000
      28,452 SF

      1000 William St

      PROFESSIONAL BUILDING • 28,452 SF
      1000 William St, Carson City, NV 89701-3110
      View Details
    • Value Estimation
      $5,510,000
      36,450 SF

      5665 Morgan Ml Rd

      PROFESSIONAL BUILDING • 36,450 SF
      5665 Morgan Ml Rd, Carson City, NV 89701-1448
      View Details
    • Value Estimation
      $215,000
      4,096 SF

      1900 Carson St

      PROFESSIONAL BUILDING • 4,096 SF
      1900 Carson St, Carson City, NV 89701-5261
      View Details

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    Similar Nearby for Lease

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      Executive Office Suites For Rent

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    • $18 SF/Yr
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      Carson City Office Space Available

      Office space available for lease in Carson City, Nevada.
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      View Details
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    612 Caroline St
    Carson City, NV 89701-4002
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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