1199 Mark Cir Gardnerville, NV 89410
- Flex space
- 51,116 SF
- 3.42 lot acres
Current Use by Public Records
- Flex space
Property Details for 1199 Mark Cir
- Year built
- 2024
- Lot size
- 3.42 lot acres
- Property size
- 51,116 SF
- Property type
- Flex space
- APN
- 1220-11-001-068
- APU
- 122011001068
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,135,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,200,000
- 6.5%
- $1,050,000
- 7%
- $1,155,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,285,000
- Geo Method
- $1,055,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,125,000
- Retail
- $1,070,000
- Mixed-Use
- $1,260,000
- Hospitality
- $1,030,000
- Educational
- $1,130,000
- Residential Income
- $995,000
- Energy
- $990,000
- Income-Based Land
- $930,000
- Food Service
- $1,025,000
Location Insight
- Map
- Local Demand
- City
- Gardnerville
- County
- Douglas
- State
- Nevada
- Longitude
- -119.7
- Latitude
- 38.9237
- CBSA code
- 23820
- CBSA name
- GARDNERVILLE RANCHOS, NV MICROPOLITAN STATISTICAL AREA
