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Property profile & analytics
OFF-MARKET
Flex space
1019 Wls Ave Reno, NV 89502
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US62-0026268
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1940
Construction
FRAME
Total area
696 SF
Lot
0.45 ac (19,733 SF)
Zoning code
GC
APN
013-222-10
UPID
US62-0026268
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Anwar Siddiqui · 11 yrs held
Anwar Siddiqui
since 2014
7 recorded transactions
Zoning & alternative use
GC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Reno submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Reno 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$6,778
Tax year 2023
Assessed value
$207,843
Assessed 2023
Previous assessed
$175,096
+18.7% YoY
Effective rate
3.26%
On assessed value
Assessed land
$118,102
Assessed improvement
$89,741
Land market value
$337,434
Improvement market value
$256,402
Total market value
$593,836
Applied tax rate
1,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1940
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Stories
1
Units
1
Bathrooms
1
Total area
696 SF
Lot
0.45 ac (19,733 SF)
Zoning code
GC
APN
013-222-10
UPID
US62-0026268
Jurisdiction
WASHOE
Zoning & alternative use
GC · Reno, NV
Zoning GC · permitted uses
GC · Reno, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Reno. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1940
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Stories
1
Units
1
Bathrooms
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Anwar Siddiqui
Individual
Mailing address
243 CLAREMONT ST, RENO, NV 89502-2527
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2014
$510,000
Anwar Siddiqui
John L Engelhardt
Deed
$473,700 · Seacoast Commerce Bank
May 17, 2011
$510,000
Anwar Siddiqui
Engelhardt J L & S E Trust
Grant Deed
—
Jan 15, 2009
—
Je L Engelhardt
Engelhardt,john & Shan
Quit Claim Deed
related
—
Jul 29, 2005
$450,000
John Engelhardt
B & T Properties
Bargain And Sale Deed
$490,000 · Heritage Bank Of Nevada
Oct 5, 1995
$585,000
Avenue Car Wash Wells
Reeves,bruce D & Jocelyn K
Grant Deed
$450,000 · Bank Of America Nevada
May 6, 1988
$195,000
Bruce D Reeves
Unknown
Grant Deed
—
—
—
Avenus Car Wash Wells
—
Deed Of Trust
related
$450,000 · Pioneer Citizens Bank Nevada
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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