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Property profile & analytics
OFF-MARKET
Estimated value
$3,290,000
Industrial properties
111 Reno Hwy Fernley, NV 89408-8828
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US62-1295338
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1975
Construction
FRAME
Total area
3,876 SF
Lot
40 ac (1,742,400 SF)
Zoning code
I
APN
009-271-73
UPID
US62-1295338
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
$3.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.29M
Owner & transaction history
Chip LLC · 1 yrs held
Chip LLC
since 2024
Last sale
$3.3M
6 recorded transactions
Zoning & alternative use
I · Fernley, 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 Fernley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fernley 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
$3,290,000
ML approach
$3,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.29M
Range $2.96M – $3.62M · ±10% · vs last sale $3.29M (Oct 22 2024)
Last sale anchor
$3.29M
Oct 22 2024
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
$849 / 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
$1,305
Tax year 2024
Assessed value
$35,968
Assessed 2024
Previous assessed
$35,968
+0.0% YoY
Effective rate
3.63%
On assessed value
Assessed land
$24,500
Assessed improvement
$11,468
Land market value
$70,000
Improvement market value
$32,766
Total market value
$102,766
Applied tax rate
20.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1975
Construction
FRAME
Heating
NONE
Stories
1
Total area
3,876 SF
Lot
40 ac (1,742,400 SF)
Zoning code
I
APN
009-271-73
UPID
US62-1295338
Jurisdiction
CHURCHILL
Zoning & alternative use
I · Fernley, NV
Zoning I · permitted uses
I · Fernley, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fernley. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Construction
FRAME
Heating
NONE
Stories
1
Lot
40 ac
Current owner
From public records · entity-resolved
Chip LLC
Entity
Free & Clear · 1 yrs held
Mailing address
550 W PLUMB LNB506, RENO, NV 89509-3468
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Oct 22, 2024
$3,290,372
Chip LLC
Tot LLC
Bargain And Sale Deed
—
Mar 20, 2019
$5,000,000
Tot LLC
Phm Rev Trust
Grant Deed
$640,000 · Phm Trust (rt)
Feb 8, 2019
—
Matthews Land INC
Ghpr Builders INC
Correction Deed
related
—
Jul 13, 2018
—
Ghpr Builders INC
Matthews Land INC
Deed In Lieu Of Foreclosure
—
Jul 28, 2004
$6,500,000
Matthews Land INC
Verner,john T & Kathleen M
Grant Deed
—
—
—
Matthews Land INC
—
Deed Of Trust
related
$898,372 · P H M Trust
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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