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Property profile & analytics
OFF-MARKET
Estimated value
$2,735,000
Flex space
2548 Business Pkwypy Minden, NV 89423-8931
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US62-0867473
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2006
Total area
21,988 SF
Lot
1.55 ac (67,518 SF)
APN
1320-04-001-017
UPID
US62-0867473
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.79M
Blend (final)
Blend
$2.74M
Owner & transaction history
Nova Ts Holdings LLC · 5 yrs held
Nova Ts Holdings LLC
since 2020
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.2M
+80.5%
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
$3,125,000
ML approach
$3,175,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,335,000
Current use
OFFICE BUILDING
$4,215,000
Change: +80% · Conversion: Difficult
Blend value · Realmo final
$2.74M
Range $2.46M – $3.01M · ±10% · vs last sale $2.67M (Jul 29 2020)
Last sale anchor
$2.67M
Jul 29 2020
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
$124 / 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
$18,418
Tax year 2024
Assessed value
$813,912
Assessed 2024
Previous assessed
$716,817
+13.5% YoY
Effective rate
2.26%
On assessed value
Assessed land
$69,650
Assessed improvement
$744,262
Land market value
$199,000
Improvement market value
$2,126,463
Total market value
$2,325,463
Applied tax rate
500.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2006
Heating
NONE
Stories
1
Total area
21,988 SF
Lot
1.55 ac (67,518 SF)
APN
1320-04-001-017
UPID
US62-0867473
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.3M
OFFICE BUILDING
Est. value
$4.2M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
2006
Heating
NONE
Stories
1
Lot
1.55 ac
Current owner
From public records · entity-resolved
Nova Ts Holdings LLC
Entity
Mailing address
2548 BUSINESS PKWY, MINDEN, NV 89423-8931
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2022
—
Nova Ts Holdings LLC
—
Deed
related
$1,248,505 · Zb NA
Aug 11, 2020
—
Nova Ts Holdings LLC
—
Deed
related
$1,095,000 · Nevada St Dev
Jul 29, 2020
$2,670,000
Nova Ts Holdings LLC
David B Davis
Bargain And Sale Deed
$1,279,000 · United FCU
Jul 29, 2020
—
Nova Ts Holdings LLC
—
Deed
related
$1,064,000 · United FCU
Nov 21, 2016
—
Davis Family Trust
Davis Family Trust
Quit Claim Deed
related
$1,047,000 · Western Alliance Bk
Jul 1, 2005
$230,000
Davis Trust
Summer,richard C & Yvonne
Grant Deed
—
Jan 23, 2004
$153,000
Richard C Sumner
Cooper,ronald D & Tressa D
Grant Deed
—
Aug 14, 2001
$122,500
Ronald D Cooper
Cvbp
Grant Deed
—
Dec 28, 2000
$115,994
Cvbp
Todd,charles W & Turia
Trustees Deed
—
Sep 15, 1999
$116,500
Charles W Todd
Cvbp
Grant Deed
$101,250 · Seller
—
—
Nova Ts Holdings LLC
—
Deed Of Trust
related
$1,064,000 · United FCU
—
—
Nova Ts Holdings LLC
—
Deed Of Trust
related
$1,279,000 · United FCU
—
—
Nova Ts Holdings LLC
—
Deed Of Trust
related
$1,095,000 · Nevada St Dev
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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