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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Commercial real estate
1661 Lucerne St Minden, NV 89423-4381
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US62-0901310
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2005
Total area
3,892 SF
Lot
0.09 ac (3,920 SF)
APN
1320-30-714-002
UPID
US62-0901310
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
-
Sanchez Adult Medical Care Physician
-
Sue Sanchez, MD, a SignatureMD Physician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$900k
Owner & transaction history
Alpine Holdings Nv LLC · 2 yrs held
Alpine Holdings Nv LLC
since 2024
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$900,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $900k (Apr 30 2024)
Last sale anchor
$900k
Apr 30 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
$231 / 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
$9,110
Tax year 2024
Assessed value
$274,714
Assessed 2024
Previous assessed
$253,850
+8.2% YoY
Effective rate
3.32%
On assessed value
Assessed land
$22,750
Assessed improvement
$251,964
Land market value
$65,000
Improvement market value
$719,897
Total market value
$784,897
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2005
Heating
NONE
Stories
1
Total area
3,892 SF
Lot
0.09 ac (3,920 SF)
APN
1320-30-714-002
UPID
US62-0901310
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
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Alpine Holdings Nv LLC
Entity
Mailing address
PO BOX 4180, STATELINE, NV 89449-4180
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2024
$900,000
Alpine Holdings Nv LLC
Sue Onken Sanchez
Bargain And Sale Deed
$765,000 · Jpmorgan Chase Bank NA
Dec 20, 2013
$511,000
Sue Onken Sanchez
Sawmill Road Properties LLC
Bargain And Sale Deed
—
Dec 20, 2013
—
Sue O Sanchez
Sanchez,salvador
Quit Claim Deed
related
—
Nov 2, 2011
$412,000
Sawmill Road Properties LLC
Nevada St Bk
Grant Deed
—
Nov 15, 2010
$426,910
Nevada St. Bk
Stewart Title Of Nevada Holdings
Trustees Deed
related
—
Aug 19, 2005
$862,500
Collins Venture LLC
K & S Properties
Grant Deed
$1,120,000 · Nevada State Bank
—
—
Collins Venture LLC
—
Deed Of Trust
related
$513,000 · Nevada State Development Corp
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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