Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    961 Airport Road Minden, NV 89423

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $9,970,090

    Industrial zoned land with frontage on Airport Road.

    Type:Land
    Property size:
    3,205,144 SF
    Lot size:
    73.58 Acres
    Added:
    Apr 25, 2025
    Days on Market:
    358
    Last Refresh:
    Mar 13 at 11:06 am

    Property Features for 961 Airport Road

    General Information

    Standard status
    Active
    Size
    3,205,144 SF
    Lot size
    73.58 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Chad Coons
    Chad Coons

    Listing agent Chad Coons License #B.09477

    Listing office Gillmor Coons Real Estate

    Listing date Apr 25, 2025

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Gillmor Coons Real Estate

    Overview

    73.58 Acres Industrial Zoned Land

    This property features 73.58 acres of industrial-zoned land. It is located off Airport Road, adjacent to the Meridian Business Park. The site offers 1,500 feet of frontage on Airport Road. Utilities are available in Airport Road. This property presents an opportunity for an industrial park or development.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Hotel & Motel Pharmacy Big Box & Wholesale Store Kitchen & Bath Showroom Accounting Firm Building Supply Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minden
    County
    Douglas
    State
    Nevada
    Longitude
    -119.7710739
    Latitude
    38.9979226

    Nearby Similar for Sale

    • $475,000

      Land with Carson Valley Views

      9.98 acre lot with mountain views near Reno and Tahoe.
      2013 East Valley Road, Minden, NV 89423
      View Details
    • $799,000
      4,740 SF

      Minden Industrial Condo Building

      Industrial condo building with flexible space in Minden, Nevada.
      2562 Silver State Parkway unit: D1, D2, D3, Minden, NV 89423
      View Details
    • $499,000

      10-Acre Parcel with Mountain Views

      Land with Sierra views, no HOA, horses welcome.
      1700 Sunrise Pass Road, Minden, NV 89423
      View Details
    • $379,000

      Corner Lot in Minden

      Prime 1.43-acre corner lot in Carson Valley Business Park.
      2410 Precision Drive, Minden, NV 89423
      View Details
    • $795,000

      Minden, NV Light Industrial Land

      4.07 acres of Light Industrial land with highway access.
      2569 Wildhorse Drive, Minden, NV 89423
      View Details
    • $4,252,000

      Versatile Commercial and Agricultural Land

      24.6 acres with commercial, agricultural zoning, and highway frontage.
      1597 Us Highway 395, Minden, NV 89423
      View Details
    • $315,000

      Minden Land with Mountain Views

      3.09-acre parcel with panoramic views and build-ready potential.
      2550 E Valley Road, Minden, NV 89423
      View Details
    • $242,657

      Minden Land Parcel For Sale

      One acre lot in Minden, ready for your dream home.
      1372 Kim Place, Minden, NV 89423
      View Details
    • $749,000

      Ready-to-Build Land with Approved Plans

      5-acre property with well, approved plans, panoramic views.
      1770 Coyote Road, Minden, NV 89423
      View Details
    • $5,000,000

      Prime Land with Highway Frontage

      14.21 acres in Minden, Nevada, with Highway 395 frontage.
      1795 U.S. Hwy 395, Minden, NV 89423
      View Details
    • $249,938

      Minden, NV Land Opportunity

      Five-acre parcel near Minden and Carson City with panoramic views.
      Sunrise Pass Dr. lot: 0 Sunrise Pass Rd., Minden, NV 89423
      View Details
    • $1,700,000

      Water-Righted Land Along Carson River

      40 acres with water rights, river frontage, and building pad.
      2460 Deerhaven, Minden, NV 89423
      View Details

    FAQs

    What type of property is this?
    Industrial land - Industrial zoned land with frontage on Airport Road.
    Where is this industrial land located?
    The property is located at 961 Airport Road Minden, NV.
    What is the asking price?
    The asking price for this property is $9,970,090.
    What are key features of this property?
    This property features: 73.58 acres of industrial zoned land; Located off Airport Road next to Meridian Business Park; Great opportunity for industrial park or development
    (775) 720-2115
    We can help!
    Listing Contact
    Chad Coons
    Chad Coons
    Real Estate License ID: B.09477
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!