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    889 Alder Ave Incline Village, NV 89451

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    For Lease
    $24 SF/Yr

    Prime Incline Village office suites available.

    Lot size:
    21,789 SF

    Property Features for 889 Alder Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,789 SF
    Total Rate
    43578

    Building Details

    Year Built
    1989
    Buildings
    1
    Stories
    3

    Spaces For Lease

    at 889 Alder Ave, Incline Village, NV 89451 Contact us
    Unit 105

    $24 /Mo

    Size
    2,049 SF
    Contact us
    Unit 205

    $24 /Mo

    Size
    1,039 SF
    Contact us
    Unit 300

    $24 /Mo

    Size
    3,776 SF
    Contact us
    Unit 200-G&H

    $24 /Mo

    Size
    472 SF
    Contact us
    Unit 302

    $25 /Mo

    Size
    935 SF
    Contact us
    Unit 301

    $24 /Mo

    Size
    1,592 SF
    Contact us
    Unit 101

    $24 /Mo

    Size
    1,253 SF
    Contact us
    Unit 201

    $24 /Mo

    Size
    1,200 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Theresa Teri Preston
    Theresa Teri Preston

    Listing Agency: Coldwell Banker Commercial Select Carson City Listing Agent: Theresa Teri Preston

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

    Learn more

    Property Insight Report

    Overview

    Discover a hidden gem in Incline Village, Nevada, at 889 Alder Ave (Alder Ave/Village Blvd cross streets), a three-story, 21,789 square foot office building situated on 0.75 acres in Washoe County (zip code 89451). This 1989-built property offers multiple suite options totaling 11,104 square feet of vacant space across 22 suites. The building features two elevators and ample parking with 42 spaces, including a private lot and parking garage. The property is conveniently located across from Tahoe Forest Hospital and near numerous restaurants. It's zoned GC and offers a variety of office subtypes including medical, executive, creative, and traditional spaces. A Gross Modified lease is available, with a 2023 Common Area Maintenance (CAM) fee of $0.27 per square foot per month, encompassing water, sewer, garbage, common area janitorial services, gas, electricity, WiFi in executive suites, and snow removal. This all-inclusive fee provides a hassle-free and well-maintained work environment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tahoe Spine & Pain ... Physician Pamela Skeie Mft Marriage Or Relationship Counselor Transcendence Massage & Bodywork Alternative Medicine Practice Advanced Dermatology & Cosmetic ... Cosmetic Store Incline Medical Medical Clinic

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Incline Village
    County
    Washoe
    State
    Nevada
    Longitude
    -119.9538623
    Latitude
    39.2506599

    Nearby Similar for Lease

    • $5,000 /Mo
      1,593 SF

      Remodeled Office Space in Incline

      Versatile remodeled two-story office space with abundant natural light.
      924 Incline Way, Incline Village, NV 89451
      View Details

    FAQs

    What type of property is this?
    Office space - Prime Incline Village office suites available.
    Where is this office space located?
    The property is located at 889 Alder Ave Incline Village, NV.
    What is the lease rate?
    The lease rate is $24-$25 SF/Yr.
    What are key features of this property?
    This property features: Dedicated off-street parking plus a private parking garage with elevator access.; Two elevators and street-level access on two floors.; Downtown Incline Village location across from Tahoe Forest Hospital, near restaurants.
    (775) 297-1909
    Request Owner's contact information
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    Incline Village, NV 89451
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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
    889 Alder Ave Incline Village, NV 89451
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    We can help!
    Listing Contact
    Theresa Teri Preston
    Theresa Teri Preston
    Real Estate License ID: S.178056
    (775) 297-1909 (775) 881-7972
    Learn more
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