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Property profile & analytics
OFF-MARKET
Estimated value
$11,355,000
Warehouses
10650 Virginia St Sta A Reno, NV 89511-8915
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US62-1306364
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2005
Construction
METAL FRAME
Total area
71,475 SF
Lot
2.41 ac (105,197 SF)
Zoning code
MS
APN
160-084-01
UPID
US62-1306364
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
$11.86M
CAP Approach
CAP
$11.54M
Comparable Approach
Comparable
$10.90M
Blend (final)
Blend
$11.36M
Owner & transaction history
Nwb Reno LLC · 4 yrs held
Nwb Reno LLC
since 2021
Last sale
$11.0M
7 recorded transactions
Zoning & alternative use
MS · 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
Method
Estimation
Statistic approach
$11,845,000
ML approach
$11,855,000
CAP Approach
CAP Return
Estimation
6%
$12,495,000
6.5%
$11,535,000
7%
$10,710,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,340,000
Current use
Blend value · Realmo final
$11.36M
Range $10.22M – $12.49M · ±10% · vs last sale $11.00M (Nov 12 2021)
Last sale anchor
$11.00M
Nov 12 2021
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
$159 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$59,811
Tax year 2023
Assessed value
$2,051,798
Assessed 2023
Previous assessed
$1,730,073
+18.6% YoY
Effective rate
2.92%
On assessed value
Assessed land
$423,418
Assessed improvement
$1,628,380
Land market value
$1,209,766
Improvement market value
$4,652,515
Total market value
$5,862,281
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Construction
METAL FRAME
Heating
YES
Cooling
YES
Buildings
3
Stories
2
Total area
71,475 SF
Lot
2.41 ac (105,197 SF)
Zoning code
MS
APN
160-084-01
UPID
US62-1306364
Jurisdiction
WASHOE
Zoning & alternative use
MS · Reno, NV
Zoning MS · permitted uses
MS · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$11.3M
WAREHOUSE, STORAGE Current
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
2005
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Lot
2.41 ac
Current owner
From public records · entity-resolved
Nwb Reno LLC
Entity
Mailing address
10230 NE PTS DR, KIRKLAND, WA 98033-7898
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2024
—
Nwb Reno LLC
—
Deed
related
$7,000,000 · River City Bank
Nov 12, 2021
$11,000,000
Nwb Reno LLC
William Jenkins
Bargain And Sale Deed
—
Nov 5, 2021
—
William Jenkins
William Jenkins
Intrafamily Transfer
related
—
May 22, 2020
—
Daniel R Kennedy
—
Deed
related
$3,475,000 · Merchants Bank Of Commerce
Mar 28, 2019
—
Daniel R Kennedy
—
Deed
related
$800,000 · Tri Counties Bank
Feb 28, 2019
—
Daniel R Kennedy
Kennedy,rhonda K
Quit Claim Deed
related
—
Feb 28, 2019
$2,770,000
Daniel R Kennedy
Skepner 2005 Family Tru
Grant Deed
$350,000 · Tri Counties Bank
Sep 28, 2018
—
Skepner 2005 Family Trust
Sse Taylor Partners LLC
Warranty Deed
—
May 13, 2014
$2,400,000
Sse Taylor Partners LLC
Stor-tyme Self Storage
Grant Deed
—
May 13, 2014
—
Daniel R Kennedy
Kennedy,rhonda K
Quit Claim Deed
related
—
Jun 23, 2006
—
Self Storage Stor-tyme
Colistra,john A
Grant Deed
—
Apr 14, 2006
—
John A Colistra
Colistra,glenna J
Quit Claim Deed
related
—
Apr 14, 2006
$6,350,000
Arthur C Titus
Walter Lee Cuneo
Bargain And Sale Deed
$4,448,000 · Northern Nevada Bank
May 12, 2004
—
Cuneo,tr
—
Trustees Deed
related
$3,300,000 · First National Bank Nevada
Sep 5, 2003
$1,684,540
Cuneo,tr
Lspi Exchange Corp
Grant Deed
—
Apr 1, 2003
$736,000
Lspi Exchange Corp
Banafshe,parviz
Grant Deed
—
—
—
Daniel R Kennedy
—
Loan Modification
related
$800,000 · Tri Counties Bank
—
—
Cuneo Walter L 1999 Trust
—
Deed Of Trust
related
$300,000 · Titus Family Trust
—
—
Walter Cuneo
—
Deed Of Trust
related
$200,000 · First Independent Bank Nevada
—
—
Walter Cuneo
—
Deed Of Trust
related
$941,548 · First Independent Bank Nevada
—
—
Daniel R Kennedy
—
Deed Of Trust
related
$1,930,755 · Tri Counties Bank
—
—
Sse Taylor Partners LLC
—
Deed Of Trust
related
$2,960,000 · Tri Counties Bank
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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