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Property profile & analytics
OFF-MARKET
Flex space
1220 Venture Dr Gardnerville, NV 89410-5710
Individually Owned
15-yr Hold
~
Est. High Equity
Property ID
US62-0847599
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1991
Total area
1,152 SF
Lot
4.87 ac (212,137 SF)
APN
1220-03-412-011
UPID
US62-0847599
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
-
Public Storage Storage Facility
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
Public Storage · 15 yrs held
Public Storage
since 2011
5 recorded transactions
Zoning & alternative use
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 Gardnerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gardnerville 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 2024Property tax & assessments
Tax year 2024
Tax billed
$39,865
Tax year 2024
Assessed value
$1,109,483
Assessed 2024
Previous assessed
$1,008,534
+10.0% YoY
Effective rate
3.59%
On assessed value
Assessed land
$245,350
Assessed improvement
$864,133
Land market value
$701,000
Improvement market value
$2,468,951
Total market value
$3,169,951
Applied tax rate
521.0000
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
1991
Heating
NONE
Stories
1
Units
1
Total area
1,152 SF
Lot
4.87 ac (212,137 SF)
APN
1220-03-412-011
UPID
US62-0847599
Jurisdiction
DOUGLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1991
Heating
NONE
Stories
1
Units
1
Lot
4.87 ac
Current owner
From public records · entity-resolved
Public Storage
Individual
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2011
$3,500,000
Public Storage
Gardnerville Storage Ptrs LLC
Grant Deed
—
May 31, 2001
$3,200,000
Garnerville Storage Partners
Garnerville Storage Assoc LLC
Grant Deed
related
$9,850,000 · Wells Fargo Bank
Aug 21, 1998
$2,800,000
Gardnerville Storage Associats
Venture Investments INC
Grant Deed
$1,750,000 · Morgan Guaranty Trust Co Ny
—
—
Gardnerville Storage Ptrs LLC
—
Deed Of Trust
related
$3,185,000 · Mutual Of Omaha Bank
—
—
Gardnerville Storage Partners
—
Deed Of Trust
related
$3,200,000 · Wells Fargo 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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