You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $3,665,000
Flex space

1199 Mark Cir Gardnerville, NV 89410-6202

51,116 SF 3.42 ac lot Built 2024
Entity Owned Free & Clear
Property ID
US62-0860879
Property summary
AI-generated overview

This exceptional 51,650-square-foot building, constructed in 2023, sits on a 3.42-acre lot in Gardnerville, NV (APN 1220-11-001-068). Zoned for light industrial use, it features insulated concrete walls, an ESFR sprinkler system, and a concrete slab floor. Natural light floods the space through strategically placed windows. The building boasts a 2,000-square-foot office area complete with carpet, HVAC, and two restrooms, plus janitorial storage. The warehouse area includes overhead heating and swamp coolers, and four restrooms (two per side). The high ceilings reach 28 feet, with a 32-foot roof. The property offers robust electrical supply (480-volt, 3-phase, 1200 amps), two truck well delivery bays, and two drive-through truck doors. Ample parking is available, with over 10 spaces directly in front and an additional 50+ spaces within 35 yards. Charter internet service is available in the park. Prominent signage opportunities exist, including a space on the park's entry sign. This single-tenant property is offered with a three-year lease, including two-year options. Year one rent is $0.99 per square foot ($51,133.50/month) plus CAM ($0.12/sq ft, $6,198 annually). Rent increases incrementally in subsequent years. Building fire insurance is covered by the landlord; the tenant is responsible for contents insurance and any damage to the facility. Property taxes are paid by the landlord, with a 50% pro-rated chargeback to the tenant annually. Water and sewer are billed at a tiered flat rate. All other utilities and janitorial services are the tenant's responsibility. Cross street is Sawmill Road.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 2024
Total area 51,116 SF
Lot 3.42 ac (148,975 SF)
APN 1220-11-001-068
UPID US62-0860879
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.75M
Blend (final) Blend
$3.67M
Owner & transaction history
W R TECHNOLOGY PARK LLC
W R TECHNOLOGY PARK LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1199 Mark Cir?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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