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Property profile & analytics
OFF-MARKET
Estimated value
$2,785,000
Flex space
121 Vesta St Reno, NV 89502-2912
Individually Owned
4-yr Hold
Free & Clear
Property ID
US62-1289164
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,320 SF
Lot
0.76 ac (33,298 SF)
Zoning code
GC
APN
014-135-24
UPID
US62-1289164
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
-
Reno Rapid Commercial Electricians Electrical Service General Contractor
-
ATM Atm
-
Rainshadow Charter High School - Food Distribution Center Food Bank Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.35M
Blend (final)
Blend
$2.79M
Owner & transaction history
Trevor D Mclemore · 4 yrs held
Trevor D Mclemore
since 2021
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
GC · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+48.5%
Neighborhood: shopping center
$4.1M
+45.8%
Medical building
$3.6M
+26.7%
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
$3,360,000
ML approach
$3,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,845,000
Current use
RESTAURANT
$4,220,000
Change: +48% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,145,000
Change: +46% · Conversion: Difficult
MEDICAL BUILDING
$3,600,000
Change: +27% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,405,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,300,000
Change: +16% · Conversion: Easy
RETAIL STORES
$2,815,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$2.79M
Range $2.51M – $3.06M · ±10% · vs last sale $2.48M (Sep 21 2021)
Last sale anchor
$2.48M
Sep 21 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
$270 / 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
$5,675
Tax year 2023
Assessed value
$155,002
Assessed 2023
Previous assessed
$493,123
-68.6% YoY
Effective rate
3.66%
On assessed value
Assessed land
$155,002
Land market value
$442,863
Total market value
$442,863
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
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
10,320 SF
Lot
0.76 ac (33,298 SF)
Zoning code
GC
APN
014-135-24
UPID
US62-1289164
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.8M
RESTAURANT
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.3M
RETAIL STORES
Est. value
$2.8M
INDUSTRIAL (GENERAL) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
Trevor D Mclemore
Individual
Free & Clear · 4 yrs held
Mailing address
955 S VIRGINIA ST STE #202, RENO, NV 89502-2476
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2021
—
Trevor D Mclemore
Rmp Vesta LLC
Quit Claim Deed
related
—
Apr 30, 2021
$2,475,000
Rmp Vesta LLC
C & T Stutchman INC
Bargain And Sale Deed
—
Aug 15, 2018
$2,600,000
C & T Stutchman INC
Csps-reno LLC
Trustees Deed
$1,485,000 · Hardy Robert S Trust (pt)
Jun 29, 2009
$1,300,000
Csps Reno LLC
Vesta Street Properties LLC
Bargain And Sale Deed
$1,138,284 · Wells Fargo Bank NA
Jan 15, 2009
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Feb 17, 2006
$1,650,000
Vesta Street Properties LLC
Pohaku LLC
Grant Deed
$1,600,000 · Robert W Pereira
—
—
Csps-reno LLC
—
Loan Modification
related
$916,240 · Wells Fargo Bank
—
—
Csps-reno LLC
—
Loan Modification
related
$810,623 · Wells Fargo Bk
—
—
Csps-reno LLC
—
Deed Of Trust
related
—
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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