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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Office buildings
1624 10th St Minden, NV 89423-4481
Individually Owned
2-yr Hold
Free & Clear
Property ID
US62-0908287
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1957
Total area
4,231 SF
Lot
0.52 ac (22,651 SF)
APN
1320-30-802-016
UPID
US62-0908287
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
Current use
Occupant on record · Public records
-
Minden Dermatology Physician Medical Clinic
-
Minden Dermatology: Sheridan Diane M MD Physician Medical Clinic
-
MINDEN DERMATOLOGY: Helfman, Todd A. MD Physician Medical Clinic
-
The Dandelion Salon Hair Salon Nail Salon
-
Sandra Wendel, Landscape Architect Landscaping (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$585k
Blend (final)
Blend
$850k
Owner & transaction history
Thomas C Armstrong · 2 yrs held
Thomas C Armstrong
since 2024
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+30.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Minden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Minden submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$850,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$810,000
Current use
COMMERCIAL (GENERAL)
$1,060,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $850k (Jul 1 2024)
Last sale anchor
$850k
Jul 1 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$201 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$4,859
Tax year 2024
Assessed value
$138,109
Assessed 2024
Previous assessed
$129,463
+6.7% YoY
Effective rate
3.52%
On assessed value
Assessed land
$52,150
Assessed improvement
$85,959
Land market value
$149,000
Improvement market value
$245,597
Total market value
$394,597
Applied tax rate
510.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1957
Heating
NONE
Stories
1
Total area
4,231 SF
Lot
0.52 ac (22,651 SF)
APN
1320-30-802-016
UPID
US62-0908287
Jurisdiction
DOUGLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$810,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1957
Heating
NONE
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Thomas C Armstrong
Individual
Free & Clear · 2 yrs held
Mailing address
492 PO BOX 1160TH RD, MINDEN, NV 89423-1160
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2024
$850,000
Thomas C Armstrong
Garden Professional Center LLC
Bargain And Sale Deed
—
Nov 12, 2003
—
Garden Professional Center
Sheridan,philip J & Diane M
Quit Claim Deed
related
—
Oct 18, 2002
$465,000
Philip J Sheridan
Wildgoose LP
Grant Deed
$372,000 · Bank Of America
Aug 4, 2000
—
Wildgoose LP
Woodward Properties Ltd
Grant Deed
related
—
Apr 3, 1998
$500,000
Woodward Properties Ltd
Dykes,robert C & Donna L
Grant Deed
—
—
—
Robert C Dykes
—
Deed Of Trust
related
$100,000 · Sandkuhle Trust
—
—
Robert C Dykes
—
Deed Of Trust
related
$90,000 · Individual
—
—
Robert C Dykes
—
Deed Of Trust
related
$40,000 · Individual
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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