Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    2007 Foothill Rd, Unit 3 Minden, NV 89423

    • Sports & entertainment properties
    • 31,870 SF
    • 0.49 lot acres
    OFF-MARKET
    Last Sale
    Apr 30, 2024
    Value Estimations
    $760,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0932663
    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

    • Sports & entertainment properties

    Property Details for 2007 Foothill Rd

    Year built
    2004
    Lot size
    0.49 lot acres
    Property size
    31,870 SF
    Property type
    Sports & entertainment properties
    APN
    1319-15-000-020
    APU
    131915000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $760,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Minden
    County
    Douglas
    State
    Nevada
    Longitude
    -119.832
    Latitude
    38.9844
    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
    $36,195
    $84,000
    $1,219,523
    $1,303,523
    -
    $240,000
    $3,484,351
    $3,724,351

    Comparable in this City

    • Value Estimation
      $250,000
      540 SF

      1995 Foothill Rd

      RECREATIONAL, ENTERTAINMENT • 540 SF
      1995 Foothill Rd, Minden, NV 89423
      View Details
    • Value Estimation
      $510,000
      29,349 SF

      1600 State Rte 88

      RECREATIONAL, ENTERTAINMENT • 29,349 SF
      1600 State Rte 88, Minden, NV 89423-4601
      View Details
    • Value Estimation
      $595,000
      18,308 SF

      2001 Foothill Rd

      RECREATIONAL, ENTERTAINMENT • 18,308 SF
      2001 Foothill Rd, Minden, NV 89423
      View Details
    • Value Estimation
      $245,000
      4,435 SF

      2017 Foothill Rd

      RECREATIONAL, ENTERTAINMENT • 4,435 SF
      2017 Foothill Rd, Minden, NV 89423
      View Details
    • Value Estimation
      $250,000
      4,435 SF

      2025 Foothill Rd

      RECREATIONAL, ENTERTAINMENT • 4,435 SF
      2025 Foothill Rd, Minden, NV 89423
      View Details
    • Value Estimation
      $490,000
      10,191 SF

      3165 Us Hwy 395th N

      RECREATIONAL, ENTERTAINMENT • 10,191 SF
      3165 Us Hwy 395th N, Minden, NV 89423-7703
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23,026 SF

      Ironwood Shopping Center Retail Opportunity

      Freestanding building in Ironwood Shopping Center, Minden, Nevada.
      1760 Us Highway 395, Minden, NV 89423
      View Details
    • $8,000,000
      38,600 SF

      Minden Industrial Property: 38,600 SF

      Modern industrial building, 2.54 acres, owner/user.
      2392 Precision Dr, Minden, NV 89423
      View Details
    • Contact for pricing
      216,000 SF

      Minden, NV Industrial Facility

      216,000 SF Industrial Building - Build-to-Suit Available
      2453 Heybourne Rd, Minden, NV 89423
      View Details
    • $575,000
      84,986 SF

      Industrial Land Near Highway 395

      1.94 acres of industrial-zoned land near major transportation corridors.
      2508 Nowlin Rd, Minden, NV 89423
      View Details
    • $1,900,000
      8.23 Acres

      Minden Land with Mixed Zoning

      8.23 acre parcel with mixed-use zoning in Minden, Nevada.
      1786 Monte Vista Ave, Minden, NV 89423
      View Details
    • $1,200,000
      9,950 SF

      Minden-Tahoe Airport Commercial Hangar

      Commercial condo hangar with office at Minden-Tahoe Airport.
      2319 P-51 Ct Unit, 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
    • $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
    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.
    2007 Foothill Rd, Unit 3
    Minden, NV 89423
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.