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    1591 Mono Ave Minden, NV 89423-4012

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    1591 Mono Ave Minden, NV 89423-4012

    View on Map
    • Office buildings
    • 2,152 SF
    • 0.12 lot acres
    Off-Market
    Last Sale Dec 23, 2021
    Property ID
    US62-0850538
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Michael G. Millward, Attorney at Law / Law Firm
    • Millward Law, Ltd / Law Firm
    • Law Office of Gene M. Kaufmann / Law Firm
    • Ballard Injury Law / Law Firm
    • Gydiar Financial LLP / Financial Advisor

    Property Details for 1591 Mono Ave

    Year built
    1940
    Lot size
    0.12 lot acres
    Property size
    2,152 SF
    Property type
    Office buildings
    APN
    1320-32-111-027
    APU
    132032111027

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Minden
    County
    Douglas
    State
    Nevada
    Longitude
    -119.763
    Latitude
    38.9525
    CBSA code
    23820
    CBSA name
    GARDNERVILLE RANCHOS, NV MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,737
    $11,550
    $67,861
    $79,411
    -
    $33,000
    $193,889
    $226,889

    Comparable in this City

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      1,080 SF

      1576 Us Hwy 395th N

      PROFESSIONAL BUILDING • 1,080 SF
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    • Value Estimation
      $515,000
      18,125 SF

      1572 Us Hwy 395th N

      PROFESSIONAL BUILDING • 18,125 SF
      1572 Us Hwy 395th N, Minden, NV 89423-4145
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    • Value Estimation
      $3,700,000
      13,450 SF

      990 Ironwood Dr Ste 101-105

      PROFESSIONAL BUILDING • 13,450 SF
      990 Ironwood Dr Ste 101-105, Minden, NV 89423-5120
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    • Value Estimation by Request
      2,016 SF

      1664 Us Hwy 395th N Ste, Unit 106

      PROFESSIONAL BUILDING • 2,016 SF
      1664 Us Hwy 395th N Ste, Minden, NV 89423-4322
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    • Value Estimation
      $850,000
      4,231 SF

      1624 10th St

      PROFESSIONAL BUILDING • 4,231 SF
      1624 10th St, Minden, NV 89423-4481
      View Details

    Similar Nearby for Sale

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      Office/Warehouse Flex Space Available

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      Minden Land Investment Opportunity

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      Industrial Land For Sale

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      Minden Land Parcel For Sale

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    Similar Nearby for Lease

    • $1.68 SF/Yr
      1,900 SF

      Office Space Available For Rent

      Office space available for lease in Minden, Nevada.
      1621 Us Highway 395 N, Minden, NV 89423
      View Details
    • $1.45 SF/Yr
      3,472 SF

      Minden Retail or Office Space

      3,472 SF retail or office space available for lease.
      1663 Us Highway 395 N, Minden, NV 89423
      View Details
    • Contact for pricing
      1,308 SF

      Minden Medical Office Space Available

      Medical office space featuring multiple exam rooms and private offices.
      925 Ironwood Dr, Minden, NV 89423
      View Details
    • $1.00 SF/Yr
      1,113 SF

      Retail/Office Space on US 395

      Multi-tenant retail/office property on high-traffic US 395 in Minden.
      1687 Us Highway 395 N, Minden, NV 89423
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      Retail Strip Center in Minden

      Retail strip center with high visibility and ample parking.
      1685 Us Highway 395, Minden, NV 89423
      View Details
    • $1.00 SF/Yr
      2,410 SF

      Retail Space Near Highway 395

      Retail property near highway with high traffic and nearby amenities.
      1685 U.S Us Highway 395 N, Minden, NV 89423
      View Details
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    1591 Mono Ave
    Minden, NV 89423-4012
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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
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