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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Office buildings
1673 Lucerne St 2 Minden, NV 89423-4371
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US62-0901324
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2005
Total area
3,691 SF
Lot
0.09 ac (3,920 SF)
APN
1320-30-714-021
UPID
US62-0901324
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
-
Dr. Mehdi Vazeen, MD Physician Medical Clinic
-
Center For Advanced Eye Care Ophthalmologist (Bike/Boat/Book/etc) Store
-
David A. Newell DDS Dental Office
-
Dr. Ziqiang W. Wu, MD Ophthalmologist
-
Mehdi Matti Vazeen Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$548k
Blend (final)
Blend
$590k
Owner & transaction history
D & T R & E Prop LLC · 8 yrs held
D & T R & E Prop LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$925,000
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$705,000
Current use
COMMERCIAL (GENERAL)
$925,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$590k
Range $531k – $649k · ±10%
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
$160 / 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
$7,095
Tax year 2024
Assessed value
$239,597
Assessed 2024
Previous assessed
$183,941
+30.3% YoY
Effective rate
2.96%
On assessed value
Assessed land
$21,350
Assessed improvement
$218,247
Land market value
$61,000
Improvement market value
$623,563
Total market value
$684,563
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
2005
Heating
NONE
Stories
1
Total area
3,691 SF
Lot
0.09 ac (3,920 SF)
APN
1320-30-714-021
UPID
US62-0901324
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
$705,000
COMMERCIAL (GENERAL)
Est. value
$925,000
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
2005
Heating
NONE
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
D & T R & E Prop LLC
Entity
Mailing address
PO BOX 2677, MINDEN, NV 89423-2677
Ownership since
2018
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
Feb 13, 2026
—
D & T Real Estate Properties LLC
—
Deed
related
$1,318,000 · Seacoast National Bank
Oct 1, 2024
—
D & T Real Estate Properties LLC
—
Deed
related
$2,413,000 · Seacoast National Bank
Jun 18, 2018
—
D & T R & E Prop LLC
—
Deed
related
$1,691,500 · Capitalsource
May 16, 2018
$445,000
D & T R & E Prop LLC
K & S Properties
Grant Deed
$1,691,500 · Capitalsource
May 26, 2016
—
Coleman,k & S Trust
Minden Village I LLC
Quit Claim Deed
related
—
Nov 12, 2015
—
Coleman,k & S Trust
K & S Properties
Quit Claim Deed
related
—
—
—
K Properties
—
Deed Of Trust
related
$225,000 · Steve Strickler
—
—
D & T R & E Prop LLC
—
Deed Of Trust
related
$1,691,500 · Capitalsource
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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