Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1677 Lucerne St Minden, NV 89423-4373

    • Commercial real estate
    • 3,415 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0908293
    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

    • Carson Urologists / Urology Clinic
    • Dr. Roland N. Chen, MD / Urologist
    • Dr. James A. Cunningham, MD / Urologist
    • Dr. Randall G. Nixon, MD / Urologist
    • Carson Surgical Group: De Mar Mark A MD / Doctor

    Property Details for 1677 Lucerne St

    Year built
    2005
    Lot size
    0.08 lot acres
    Property size
    3,415 SF
    Property type
    Commercial real estate
    APN
    1320-30-714-014
    APU
    132030714014

    Description

    This exceptional 3,415 square foot medical office building is located at 1677 Lucerne Street in Minden, Nevada, zip code 89423. The property is currently under a Net Lease (NNN) agreement with Carson Tahoe Physician Clinics, a highly credible tenant. The asking price is $1,555,840, translating to a price per square foot of $455.59. The building is zoned RC and benefits from a lease with approximately four years remaining, featuring attractive 3% annual rent increases. The lease includes 2-5 year renewal options, providing long-term stability and predictable income growth for the investor. This presents a compelling investment opportunity in a desirable location within Douglas County. The property's strong tenant, favorable lease terms, and strategic location make it an ideal addition to any investment portfolio seeking consistent returns and future appreciation potential. The building's size and configuration are well-suited for medical practices, offering a turnkey solution for healthcare professionals or investors seeking a stable, net-leased asset.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Minden
    County
    Douglas
    State
    Nevada
    Longitude
    -119.772
    Latitude
    38.9596
    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
    $9,029
    $20,300
    $226,722
    $247,022
    -
    $58,000
    $647,777
    $705,777

    Comparable in this City

    • Value Estimation
      $5,120,000
      30,442 SF

      897 Ironwood Dr

      COMMERCIAL (GENERAL) • 30,442 SF
      897 Ironwood Dr, Minden, NV 89423-5198
      View Details
    • Value Estimation by Request
      6,624 SF

      1604 Us Hwy 395th N

      COMMERCIAL (GENERAL) • 6,624 SF
      1604 Us Hwy 395th N, Minden, NV 89423
      View Details
    • Value Estimation by Request
      0.02 Acres

      1664 Us Hwy 395th N

      COMMON AREA (COMMERCIAL) • 0.02 Acres
      1664 Us Hwy 395th N, Minden, NV 89423-4314
      View Details
    • Value Estimation
      $1,675,000
      22,071 SF

      2320 Heybourne Rd

      COMMERCIAL (GENERAL) • 22,071 SF
      2320 Heybourne Rd, Minden, NV 89423-8906
      View Details
    • Value Estimation by Request
      357 SF

      1650 County Rd

      COMMERCIAL (GENERAL) • 357 SF
      1650 County Rd, Minden, NV 89423
      View Details
    • Value Estimation
      $510,000
      4,960 SF

      1599 Esmeralda Ave

      COMMERCIAL (GENERAL) • 4,960 SF
      1599 Esmeralda Ave, Minden, NV 89423-4001
      View Details

    Similar Nearby for Sale

    • $8,334,770
      31.89 Acres

      Minden Industrial Land - 31 Acres

      Prime Nevada industrial land, ready for development.
      1620 Bently Pkwy, 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
    • $475,750
      2.24 Acres

      Minden Industrial Land - 2.24 Acres

      Prime Nevada land, ready to build.
      2563 Precision Dr, Minden, NV 89423
      View Details
    • $4,103,352
      18.84 Acres

      Minden Industrial Land - 18 Acres

      Prime Nevada industrial land, ready to build.
      1720 Buckeye Rd, Minden, NV 89423
      View Details

    Similar Nearby for Lease

    • $1.10 SF/Yr
      55,000 SF

      Industrial Space in Meridian Business Park

      Industrial property available for lease in Meridian Business Park.
      2231 Meridian Blvd, Minden, NV 89423
      View Details
    • $1.15 SF/Yr
      9,250 SF

      Industrial Spaces Available For Rent

      Industrial spaces available for lease in Minden, Nevada.
      2561 Business Pkwy, Minden, NV 89423
      View Details
    • $3,500,000
      3,062 SF

      Office/Warehouse Flex Space Available

      3,062 SF suite with office and warehouse areas for rent.
      2245 Meridian Blvd, Minden, NV 89423
      View Details
    • Contact for pricing
      216,000 SF

      Proposed Industrial Facility in Minden

      Proposed 216,000 SF industrial building for build-to-suit or sale.
      2453 Heybourne Rd, Minden, NV 89423
      View Details
    • $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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1677 Lucerne St
    Minden, NV 89423-4373
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.