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    1691 County Rd Minden, NV 89423

    Sponsored
    For Sale
    $1,138,000

    2.09 Acres, 33+ Unit Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Exceptional 2.09-acre land parcel in Minden, Nevada, presents a remarkable multifamily development opportunity. Zoned for multifamily use, this property allows for up to 16 units per acre, totaling a potential 33 units. The strategic location offers easy access via County Road and easements, providing multiple access points. Utilities are conveniently located in the street. This prime location is adjacent to the Minden Gateway Center and surrounded by a thriving mix of commercial, office, retail, hospitality, and multifamily developments, ensuring high visibility and strong potential for rental demand. The property's APN is 1320-30-802-008. The asking price is $1,138,000. The seller is open to considering a ground lease. This presents a unique chance to capitalize on the growing Minden market. The property's versatility extends beyond multifamily, with the potential to explore alternative commercial zoning uses, subject to approval. This is a rare opportunity to acquire a significant land holding in a desirable location with excellent development potential. Don't miss this chance to build your next successful project.

    Property Features for 1691 County Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    91,040 SF

    HighLights

    • $1,138,000 asking price.
    • 2.09‑acre multifamily‑zoned land parcel.
    • Potential for up to 33 multifamily units (16 units/acre).
    • Zoning modification potential for other commercial uses.
    • Excellent location near commercial, office, retail, hospitality, and multifamily developments.
    • Utilities readily available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Minden
    County
    Douglas
    State
    Nevada
    Longitude
    -119.7762997
    Latitude
    38.9564524

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    FAQs

    What type of property is this?
    Multifamily property - 2.09 Acres, 33+ Unit Potential
    Where is this multifamily property located?
    The property is located at 1691 County Rd Minden, NV.
    What is the asking price?
    The asking price for this property is $1,138,000.
    What are key features of this property?
    This property features: $1,138,000 asking price.; 2.09-acre multifamily-zoned land parcel.; Potential for up to 33 multifamily units (16 units/acre).
    Request Owner's contact information
    1691 County Rd Minden, NV 89423
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    Minden, NV 89423
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    Realmo Value Estimation

    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.

    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.

    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
    1691 County Rd Minden, NV 89423
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