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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Industrial properties
1 Grn Acres Ln Yerington, NV 89447-2808
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US62-0865716
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1999
Total area
5,000 SF
Lot
1 ac (43,560 SF)
Zoning code
C2
APN
004-291-01
UPID
US62-0865716
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
$390k
CAP Approach
CAP
$475k
Comparable Approach
Comparable
$532k
Blend (final)
Blend
$515k
Owner & transaction history
Walker-wellington Ltd · 7 yrs held
Walker-wellington Ltd
since 2019
6 recorded transactions
Zoning & alternative use
C2 · Yerington, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$480,000
+3.6%
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 Yerington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Yerington 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
by Request
ML approach
$390,000
CAP Approach
CAP Return
Estimation
6%
$515,000
6.5%
$475,000
7%
$440,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$465,000
Current use
OFFICE BUILDING
$480,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10%
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
$103 / 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
$2,789
Tax year 2024
Assessed value
$80,070
Assessed 2024
Previous assessed
$73,297
+9.2% YoY
Effective rate
3.48%
On assessed value
Assessed land
$11,340
Assessed improvement
$68,730
Land market value
$32,400
Improvement market value
$196,371
Total market value
$228,771
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1999
Heating
NONE
Buildings
1
Units
1
Total area
5,000 SF
Lot
1 ac (43,560 SF)
Zoning code
C2
APN
004-291-01
UPID
US62-0865716
Jurisdiction
LYON
Zoning & alternative use
C2 · Yerington, NV
Zoning C2 · permitted uses
C2 · Yerington, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Yerington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$465,000
OFFICE BUILDING
Est. value
$480,000
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
1999
Heating
NONE
Buildings
1
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
Walker-wellington Ltd
Individual
Mailing address
686 LAKESHORE BLVD, INCLINE VILLAGE, NV 89451-9510
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2019
$240,000
Walker-wellington Ltd
Stewart,kim & Kathleen
Grant Deed
—
Aug 25, 2005
$230,000
Kim Stewart
Merriwether,william & Sherri
Grant Deed
$161,000 · Financial Horizons Cu
Jan 13, 2004
—
William Merriwether
Merriwether,william
Quit Claim Deed
related
$96,300 · Moerdick Trust (tr)
—
—
Kim Stewart
—
Deed Of Trust
related
$147,000 · Financial Horizons Cu
—
—
Kim Stewart
—
Deed Of Trust
related
$197,720 · Financial Horizons Cu
—
—
William Merriwether
—
Deed Of Trust
related
$60,000 · Caffaratti Frank D Pps/tr (tr)
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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