Property Description

This well-established commercial complex consists of four buildings with a total leasable square footage of 27,845 and 17 total units, many of which are occupied by long-term tenants. The property generates an annual net operating income of $371,364, with total revenues of $461,364 and expenses of $90,000. With approximately 10,000 square feet of roughed-out space available for lease at a competitive rate of $1.50 per square foot ($1.10 for rent and $0.40 for CAMs), there is substantial income potential., If fully leased, the cap rate could reach nine percent. Given that replacement costs exceed $12 million, this is a rare opportunity to acquire a high-performing asset well below today’s construction costs. Whether seeking stable cash flow or a value-add investment, this property presents an outstanding opportunity

Features
: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available, Phone Available
: Old 395
Address Map
US
NV
Douglas
Carson City
Indian Hills Plaza
89705
Mica
931-939
0
W120° 13' 38.6''
N39° 5' 27.4''
Additional Info
RE/MAX Gold-Carson City
Garrett Lepire
04-10-2025 08:44:14
Active
02-25-2025
627501011
627501176-o
02-25-2025
$0
06-30-2025 16:12:45
1
$0
1420-07-619-001
$0
$0

Commercial Sale Residential

931-939 Mica, Carson City, Nevada 89705

3.09 Acre
$6,925,000
Listing ID #250002225
Basic Details
Property Type : Commercial Sale
Listing Type : Residential
Listing ID : 250002225
Serial Number : 20250410083906658493000000
Price : $6,925,000
View : Trees
Year Built : 2006
Lot Area : 3.09 Acre
Status : Active
Agent info
Silver State Homes of Nevada
4600 Kietzke Lane, Ste O-269, Reno, NV 89502
Contact Agent