501 Carson StCarson City, NV 89701

Property Details for 501 Carson St

Year built

1988

Lot size

0.13 AC

Property size (Sq ft)

7,548 SF

Zone code

DT-MU

Property type

Office buildings

APN

004-061-01

APU

406101

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,707,100

  6.5%

  $1,575,780

  7%

  $1,463,230

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,728,420

  Geo Method

  $1,728,420

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,184,660

  Retail / Commercial

  $1,616,960

  Mixed-Use / Specialty

  $1,598,500

  Hospitality / Lodging

  $1,156,240

  Institutional / Educational

  $1,657,260

  Residential Income

  $1,939,000

  Multifamily

  $2,395,910

  Automotive / Energy

  $1,420,510

  Parking / Income-Based Land

  $502,744

  Restaurant / Food Service

  $804,298

  Healthcare / Senior Housing

  $1,652,250

Location Insight

City

Carson City

County

Carson City

State

Nevada

Latitude

39.1611

Longitude

-119.767

CBSA code

16180

CBSA name

CARSON CITY, NV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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