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Property profile & analytics
OFF-MARKET
Commercial real estate

1677 Lucerne St Minden, NV 89423-4373

3,415 SF 0.08 ac lot Built 2005
Entity Owned 16-yr Hold Free & Clear
Property ID
US62-0908293
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2005
Total area 3,415 SF
Lot 0.08 ac (3,485 SF)
APN 1320-30-714-014
UPID US62-0908293
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
  • Carson Urologists Medical Clinic Physician
  • Dr. Roland N. Chen, MD Physician Medical Clinic
  • Dr. James A. Cunningham, MD Physician Medical Clinic
  • Dr. Randall G. Nixon, MD Physician Medical Clinic
  • Carson Surgical Group: De Mar Mark A MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Urologic Properties LLC · 16 yrs held
Urologic Properties LLC
since 2010
2 recorded transactions
2010
$495,000
2005
$872,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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