1. Nevada
  2. Carson City
  3. 931-939 Mica Drive
$6,925,000

931-939 Mica Drive, Carson City, NV 89705

  • 28,000 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 2006
  • Property Lot Size Icon3.09acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $247/sqft
  • Property List Date Icon Listed 6 months ago

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

Listing Status:
Active
Date Added:
February 25, 2025 at 06:00AM
Listing Office:
RE/MAX Gold-Carson City : 775-885-2200
Listing Agent:
Garrett Lepire : 775-720-4712
MLS ID:
250002225
  • Flooring: CarpetConcreteVinyl
  • A/C: Central AirRefrigerated
  • Heating: Forced AirNatural Gas

This listing courtesy of Garrett Lepire, RE/MAX Gold-Carson City

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

J

Jacks Valley Elementary School

701 Jacks Valley Rd, Carson City, NV, 89705

Grades PK-5

1.15 miles away

A

Alternative School

1680 Bently Pkwy S, Minden, NV, 89423

Grades 4-12

9.50 miles away

D

Douglas High School

1670 State Route 88, Minden, NV, 89423

Grades 9-12

9.23 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.