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Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Warehouses
1295 Selmi Dr Reno, NV 89512-4701
Individually Owned
15-yr Hold
~
Est. High Equity
Property ID
US62-0353561
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1993
Construction
METAL FRAME
Total area
10,000 SF
Lot
4.89 ac (213,096 SF)
Zoning code
MF21
APN
004-072-07
UPID
US62-0353561
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
$1.62M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.30M
Owner & transaction history
Public Storage · 15 yrs held
Public Storage
since 2011
7 recorded transactions
Zoning & alternative use
MF21 · 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%
$1,750,000
6.5%
$1,615,000
7%
$1,500,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,510,000
Current use
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±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
$130 / 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
$32,900
Tax year 2023
Assessed value
$971,681
Assessed 2023
Previous assessed
$831,927
+16.8% YoY
Effective rate
3.39%
On assessed value
Assessed land
$372,922
Assessed improvement
$598,759
Land market value
$1,065,490
Improvement market value
$1,710,740
Total market value
$2,776,230
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1993
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
8
Stories
1
Units
8
Total area
10,000 SF
Lot
4.89 ac (213,096 SF)
Zoning code
MF21
APN
004-072-07
UPID
US62-0353561
Jurisdiction
WASHOE
Zoning & alternative use
MF21 · Reno, NV
Zoning MF21 · permitted uses
MF21 · 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
WAREHOUSE, STORAGE Current
Est. value
$1.5M
WAREHOUSE, STORAGE Current
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
1993
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
8
Units
8
Lot
4.89 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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2011
$3,450,000
Public Storage
Selmi Storage Partners LLC
Grant Deed
—
Dec 22, 2003
$3,600,000
Selmi Storage Partners LLC
Ozimec Properties LLC
Grant Deed
$2,700,000 · Wells Fargo Bank
May 31, 2001
$2,950,000
Ozimec Properties LLC
Reno-selmi Storage Assoc LLC
Grant Deed
—
May 31, 2001
—
Selmi Storage Partners LLC
Ozimec Properties LLC
Trustees Deed
$9,850,000 · Wells Fargo Bank
Aug 21, 1998
$2,750,000
Reno-selmi Storage Associates
Venture Investments INC
Grant Deed
$30,000,000 · Morgan Guaranty Trust Co Ny
Apr 10, 1991
$420,000
Venture Investments INC
Unknown
Grant Deed
—
—
—
Selmi Storage Partners LLC
—
Deed Of Trust
related
$2,535,000 · Mutual Of Omaha 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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