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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1659 State Rte 88 Minden, NV 89423-4600

    • Hotels
    • 48,789 SF
    • 2.34 lot acres
    OFF-MARKET
    Value Estimations
    $1,085,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0847397
    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.

    Current Use by Public Records

    • Hotels

    Property Details for 1659 State Rte 88

    Year built
    2009
    Lot size
    2.34 lot acres
    Property size
    48,789 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    1320-30-701-019
    APU
    132030701019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,085,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Minden
    County
    Douglas
    State
    Nevada
    Longitude
    -119.777
    Latitude
    38.9582
    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
    $74,836
    $401,100
    $1,983,969
    $2,385,069
    -
    $1,146,000
    $5,668,483
    $6,814,483

    Comparable in this City

    • Value Estimation
      $880,000
      29,734 SF

      1795 Ironwood Dr

      HOTEL/MOTEL • 29,734 SF
      1795 Ironwood Dr, Minden, NV 89423-4704
      View Details
    • Value Estimation by Request
      7,625 SF

      1591 Us Hwy 395th N

      HOTEL/MOTEL • 7,625 SF
      1591 Us Hwy 395th N, Minden, NV 89423-4101
      View Details
    • Value Estimation
      $905,000
      29,102 SF

      1641 Us Hwy 395th N

      HOTEL/MOTEL • 29,102 SF
      1641 Us Hwy 395th N, Minden, NV 89423
      View Details
    • Value Estimation by Request
      20.47 Acres

      2501 Heybourne Rd

      Land • 20.47 Acres
      2501 Heybourne Rd, Johnson Lane, NV 89423
      View Details
    • Value Estimation by Request
      0.62 Acres

      897 Mahogany Dr

      VACANT COMMERCIAL LAND • 0.62 Acres
      897 Mahogany Dr, Minden, NV 89423-4605
      View Details
    • Value Estimation by Request
      2.48 Acres

      2596 Nowlin Rd

      INDUSTRIAL - VACANT LAND • 2.48 Acres
      2596 Nowlin Rd, Minden, NV 89423-8904
      View Details

    Similar Nearby for Sale

    • $4,460,000
      20.47 Acres

      Heybourne Road Industrial Land

      20 Acres, Prime Industrial Location
      2501 Heybourne Rd, Johnson Lane, NV 89423
      View Details
    • Contact for pricing
      38,600 SF

      New Industrial Building in Minden

      38,600 SF industrial building in Minden, Nevada for sale.
      2392 Precision Dr, Minden, NV 89423
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    • $799,000

      Minden Land Parcel For Sale

      Level parcel in Carson Valley Business Park with US 395 access.
      2582 Wildhorse Dr, Minden, NV 89423
      View Details
    • $6,438,603
      49.27 Acres

      Minden Industrial Land: 49 Acres

      Prime Nevada industrial land, ready to build.
      1700 Buckeye Rd, Minden, NV 89423
      View Details
    • $4,400,000
      14,410 SF

      Minden Executive Office Building

      Prime Minden location, 14,410 SF, $4.4M
      1615 Us Highway 395, Minden, NV 89423
      View Details
    • $3,433,181
      14.33 Acres

      Minden Industrial Land - 14 Acres

      Prime Nevada industrial land, ready to build.
      1450 Mid Vly Blvd, Minden, NV 89423
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      22,004 SF

      Minden Plaza Retail Center

      High-visibility Minden retail space available
      1685 Us Highway 395, Minden, NV 89423
      View Details
    • $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

      Minden Commercial Land - Hwy 395

      High-traffic retail/restaurant pad. Ground lease or build-to-suit.
      935 Santa Anita Ave, Minden, NV 89423
      View Details
    • Contact for pricing
      216,000 SF

      Minden Warehouse Space Available

      216,000 square foot warehouse space for lease in Minden.
      2453 Heybourne Rd, Minden, NV 89423
      View Details
    • Contact for pricing
      4,960 SF

      Retail Space Available For Rent

      Retail space available for lease in Minden, Nevada.
      1599 Esmeralda Ave, Minden, NV 89423
      View Details
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    1659 State Rte 88
    Minden, NV 89423-4600
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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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