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34232791
34232790

931-939 MICA DRIVE, Carson City, NV 89705

CC
NV BS053789
Gillmor Coons Real Estate Group
Listed by Gillmor Coons Real Estate Group
$6,925,000
0 days on market
Updated 0 days ago

931-939 Mica Drive

Details
APN 1420-07-619-001
Property Type Mixed Use
Square Footage 28,000
Units 17
Cap Rate 9.00%
NOI $371,364
Occupancy 63%
Tenancy Multi
Year Built 2006
Buildings 4
Stories 1
Acreage 3.090
Zoning NC
Parking Spaces 100 spaces
Parking per 1,000 SqFt 3.57
Investment Type Value Add

Mixed Use | 9.00% CAP | 28,000 SqFt

Marketing 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


Investment highlights


Listing Contacts

CC
NV BS053789
Gillmor Coons Real Estate Group
Listed by Gillmor Coons Real Estate Group

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$371,364.00
$30,947.00/mo

Valuation Metrics

0
DSCR
5.36%
Cap Rate
5.36%
ROI

Map

Zoning

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NC CommercialNeighborhood CommercialNeighborhood Commercial
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Last updated Jan 29, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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