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1170 Kimmerling Road
Gardnerville, NV 89460
Asking Price
$7.98M
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 198.19 acres <ul><li>Dual zoning: Neighborhood Commercial (NC) fronting Kimmerling Rd and SFR-2 Receiving Area</li><li>Up to 508 acre-feet of primary underground water rights</li><li>All utilities to property: water, sewer, natural gas, and electricity</li><li>Multi-family use permitted by-right in NC portion (per NV AB 241) with no rezone required</li><li>SFR-2 portion abuts upscale Chamber's Field ranchettes</li><li>Terrain cleared and variable — well suited to terraced development</li><li>Stocked m
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NOI
$80,000
Cap Rate
1.00%
DSCR
0.17
Underwater
Cash-on-Cash
-16.45%
Monthly Payment
$39,480.686
Annual Cash Flow
$-393,768.232