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

    2231 Meridian Blvd Ste, Unit 5 Minden, NV 89423-8649

    • Flex space
    • 8,973 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Apr 01, 2024
    $1,570,000
    Value Estimations
    $1,570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0867490
    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

    • Flex space

    Property Details for 2231 Meridian Blvd Ste

    Year built
    2005
    Lot size
    0.16 lot acres
    Property size
    8,973 SF
    Property type
    Flex space
    APN
    1320-08-410-042
    APU
    132008410042

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,570,000
      ML approach
      $1,570,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $955,000
      Current use
      COMMERCIAL (GENERAL)
      $2,250,000
      Change: +136% Conversion: Difficult
      OFFICE BUILDING
      $1,720,000
      Change: +80% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Minden
    County
    Douglas
    State
    Nevada
    Longitude
    -119.766
    Latitude
    39.0001
    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
    $5,797
    $12,600
    $238,672
    $251,272
    -
    $36,000
    $681,920
    $717,920

    Comparable in this City

    • Value Estimation by Request
      4,608 SF

      1081 Airport Rd

      LIGHT INDUSTRIAL • 4,608 SF
      1081 Airport Rd, Minden, NV 89423-8609
      View Details
    • Value Estimation by Request
      800 SF

      2203 Enterprise Ln

      LIGHT INDUSTRIAL • 800 SF
      2203 Enterprise Ln, Minden, NV 89423
      View Details
    • Value Estimation by Request
      1,536 SF

      2254 Enterprise Ln, Unit 7

      LIGHT INDUSTRIAL • 1,536 SF
      2254 Enterprise Ln, Minden, NV 89423
      View Details
    • Value Estimation by Request
      1,536 SF

      2256 Enterprise Ln, Unit 8

      LIGHT INDUSTRIAL • 1,536 SF
      2256 Enterprise Ln, Minden, NV 89423
      View Details
    • Value Estimation by Request
      2,000 SF

      2480 Precision Dr Ste J

      LIGHT INDUSTRIAL • 2,000 SF
      2480 Precision Dr Ste J, Minden, NV 89423-8977
      View Details
    • Value Estimation
      $11,005,000
      26,038 SF

      1707 Orbit Way

      LIGHT INDUSTRIAL • 26,038 SF
      1707 Orbit Way, Minden, NV 89423
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4.10 Acres

      Buckeye Industrial Park Land

      Minden, NV industrial land parcels.
      0 Buckeye Industrial Park, Minden, NV 89423
      View Details
    • $4,460,000
      20.47 Acres

      Heybourne Road Industrial Land

      20 Acres, Prime Industrial Location
      2501 Heybourne Rd, Johnson Lane, NV 89423
      View Details
    • Contact for pricing
      38,600 SF

      New Industrial Building in Minden

      38,600 SF industrial building in Minden, Nevada for sale.
      2392 Precision Dr, 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
    • $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
    • $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

    Similar Nearby for Lease

    • $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
    • $1.15 SF/Yr
      5,000 SF

      Minden Flex/Industrial Space Available

      Light industrial spaces for lease in Minden, Nevada.
      2436 Precision Dr, Minden, NV 89423
      View Details
    • $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
    • Contact for pricing
      216,000 SF

      Minden Warehouse Space Available

      216,000 square foot warehouse space for lease in Minden.
      2453 Heybourne Rd, 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
    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.
    2231 Meridian Blvd Ste, Unit 5
    Minden, NV 89423-8649
    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.