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Property profile & analytics
OFF-MARKET
Estimated value
$10,580,000
Distribution centers
1185 Rock Blvd Reno, NV 89502-7158
Entity Owned
10-yr Hold
Free & Clear
Property ID
US62-0766108
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
103,366 SF
Lot
37.91 ac (1,651,360 SF)
Zoning code
MA
APN
240-021-09
UPID
US62-0766108
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
Current use
Occupant on record · Public records
-
Devine Intermodal Trucking Company
-
Frito-Lay Reno DC Warehouse & Storage
-
PepsiCo Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.95M
Comparable Approach
Comparable
$6.47M
Blend (final)
Blend
$10.58M
Owner & transaction history
Airport Authority Of Washoe Count · 10 yrs held
Airport Authority Of Washoe Count
since 2016
7 recorded transactions
Zoning & alternative use
MA · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,860,000
6.5%
$10,945,000
7%
$10,165,000
Blend value · Realmo final
$10.58M
Range $9.52M – $11.64M · ±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
$102 / 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
$396
Tax year 2023
Assessed value
$12,650,600
Assessed 2023
Previous assessed
$10,705,289
+18.2% YoY
Effective rate
0.00%
On assessed value
Assessed land
$4,045,831
Assessed improvement
$8,604,769
Land market value
$11,559,517
Improvement market value
$24,585,054
Total market value
$36,144,571
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Buildings
5
Stories
1
Units
2
Total area
103,366 SF
Lot
37.91 ac (1,651,360 SF)
Zoning code
MA
APN
240-021-09
UPID
US62-0766108
Jurisdiction
WASHOE
Zoning & alternative use
MA · Reno, NV
Zoning MA · permitted uses
MA · 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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
5
Units
2
Lot
37.91 ac
Current owner
From public records · entity-resolved
Airport Authority Of Washoe Count
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2025
—
Sreit 850 Spice Islands LLC
—
Deed
related
—
Jun 3, 2021
—
Sreit 1185 South Rock LLC
—
Deed
related
$279,000,000 · United Overseas Bank Ltd
Mar 29, 2019
—
860 81st Associates LLC
—
Deed
related
$14,000,000 · Wells Fargo Bk
May 10, 2016
—
Airport Authority Of Washoe Count
860 81st Associates LLC
Quit Claim Deed
related
—
Dec 29, 2011
$14,250,000
General Elec Cr Equities
First American Title Co
Trustees Deed
related
—
—
—
860 81st Associates LLC
—
Loan Modification
related
$14,000,000 · Wells Fargo Bk
—
—
Scannell Properties 54 LLC
—
Deed Of Trust
related
$11,885,000 · Keybank USA
—
—
Scannell Properties 53 LLC
—
Deed Of Trust
related
$4,380,000 · Keybank USA
—
—
860 81st Associates LLC
—
Deed Of Trust
related
$11,800,000 · Wells Fargo Bk
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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