Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1290 Selmi Dr Reno, NV 89512

    • Industrial properties
    • 625 SF
    • 0.33 lot acres
    OFF-MARKET
    Last Sale
    Mar 23, 2022
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US62-0740793
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 1290 Selmi Dr

    Year built
    2015
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.33 lot acres
    Property size
    625 SF
    Zone code
    PF
    Property type
    Industrial properties
    APN
    004-074-33
    APU
    407433

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $219,000
      Market price range: $103k - $220k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $335,000
      NEIGHBORHOOD: SHOPPING CENTER
      $250,000
      MEDICAL BUILDING
      $220,000
      AUTO REPAIR, GARAGE
      $210,000
      OFFICE BUILDING
      $175,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.798
    Latitude
    39.5581
    CBSA code
    39900
    CBSA name
    RENO-SPARKS, NV METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $24,845
    $18,717
    $43,562
    -
    $70,985
    $53,477
    $124,462

    Comparable in this City

    • Value Estimation by Request

      8000 N Virginia St

      Industrial space for lease
      8000 N VIRGINIA ST, RENO, NV 89512, WASHOE COUNTY, RENO, NV 89512
      View Details
    • Value Estimation
      $275,000
      792 SF

      466 Laurel St

      INDUSTRIAL (GENERAL) • 792 SF
      466 Laurel St, Reno, NV 89512-2808
      View Details
    • Value Estimation
      $565,000
      21,300 SF

      2540 Sutro St

      INDUSTRIAL (GENERAL) • 21,300 SF
      2540 Sutro St, Reno, NV 89512-1855
      View Details
    • Value Estimation
      $540,000
      21,300 SF

      2536 Sutro St

      INDUSTRIAL (GENERAL) • 21,300 SF
      2536 Sutro St, Reno, NV 89512-1854
      View Details
    • Value Estimation
      $420,000
      5,774 SF

      530 6th St

      INDUSTRIAL (GENERAL) • 5,774 SF
      530 6th St, Reno, NV 89512-3325
      View Details
    • Value Estimation
      $615,000
      19,200 SF

      390 6th St

      INDUSTRIAL (GENERAL) • 19,200 SF
      390 6th St, Reno, NV 89512-3321
      View Details

    Similar Nearby for Sale

    • $2,203,740

      Downtown Reno Development Site

      Mixed-use infill, seller financing
      802 4Th St, Reno, NV 89512
      View Details
    • $1,531,068

      Downtown Reno Mixed-Use Land

      Prime Reno development site; seller financing available.
      350 Park St, Reno, NV 89512
      View Details
    • $729,920

      Reno Student Housing Land Development Opportunity

      Prime Reno land, ideal for student housing. 9,124 sq ft, MF30 zoning.
      1151 Valley Rd, Reno, NV 89512
      View Details
    • $6,550,000
      2.33 Acres

      Prime Reno Land Near UNR

      7.8 acres, multifamily potential
      0 Wells Ave, Reno, NV 89512
      View Details
    • $590,000
      396 SF

      Reno Multifamily Near UNR

      Multifamily property near UNR, subject to court confirmation.
      711 Evans Ave, Reno, NV 89512
      View Details
    • $1,050,000
      3,340 SF

      Investment Triplex Near University

      Triplex near University of Nevada, Reno with income potential.
      462 Laurel St, Reno, NV 89512
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,500 SF

      Reno Industrial Land - 20,500 SF

      Prime Reno industrial land, single tenant, ready to build.
      1925 Timber Way, Reno, NV 89512
      View Details
    • $15 SF/Yr
      4,000 SF

      Industrial Space Available For Lease

      Industrial property with 4,000 square feet available for lease.
      2360-2370 Valley Rd, Reno, NV 89512
      View Details
    • Contact for pricing
      19,007 SF

      Reno Warehouse Space Available

      19,007 square foot warehouse space for lease in Reno.
      1950 S Mccarran Blvd, Reno, NV 89512
      View Details
    • $0.95 SF/Yr
      56,000 SF

      Reno Warehouse with Rail Access

      56,000 SF warehouse with rail access, sublease through 2024.
      300-380 E Parr Blvd, Reno, NV 89512
      View Details
    • $9 SF/Yr
      56,000 SF

      Reno Industrial Warehouse - 56,000 SF

      56,000 SF warehouse, Reno, NV. Immediate occupancy.
      380 Parr Blvd, Reno, NV 89512
      View Details
    • Contact for pricing
      19,007 SF

      Industrial Warehouse Space in Reno

      19,007 SF warehouse space available for lease in Reno.
      1900 S Mccarran Blvd, Reno, NV 89512
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1290 Selmi Dr
    Reno, NV 89512
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.