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Property profile & analytics
FOR LEASE
Warehouses
1316 Capital Blvd Reno, NV 89502
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US62-0429353
For Lease
1 / 2
$9,605,000
1316 Capital Blvd, Reno, NV 89502
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
92,915 SF
Lot
10.54 ac (459,122 SF)
Zoning code
IC
APN
012-355-30
UPID
US62-0429353
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
-
TKO Motorsports Auto Parts Store
-
Amazon XLDS HRN1 Warehouse & Storage
-
TKO Precision Machining Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.84M
Comparable Approach
Comparable
$5.82M
Blend (final)
Blend
$9.61M
Owner & transaction history
Icon Pac Nv Owner Pool 3 Nv Ll · 11 yrs held
Icon Pac Nv Owner Pool 3 Nv Ll
since 2015
7 recorded transactions
Zoning & alternative use
IC · 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%
$10,660,000
6.5%
$9,840,000
7%
$9,135,000
Blend value · Realmo final
$9.61M
Range $8.64M – $10.57M · ±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
$103 / 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
$145,283
Tax year 2023
Assessed value
$4,332,187
Assessed 2023
Previous assessed
$3,606,580
+20.1% YoY
Effective rate
3.35%
On assessed value
Assessed land
$1,148,953
Assessed improvement
$3,183,234
Land market value
$3,282,722
Improvement market value
$9,094,954
Total market value
$12,377,676
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
WAREHOUSE, STORAGE
Status
For Lease
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
92,915 SF
Lot
10.54 ac (459,122 SF)
Zoning code
IC
APN
012-355-30
UPID
US62-0429353
Jurisdiction
WASHOE
Zoning & alternative use
IC · Reno, NV
Zoning IC · permitted uses
IC · 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
2
Units
1
Lot
10.54 ac
Current owner
From public records · entity-resolved
Icon Pac Nv Owner Pool 3 Nv Ll
Individual
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2024
—
Icon Pac Nevada Owner Pool 3 Nevada
—
Deed
related
$352,500,000 · Wells Fargo Bank NA
Oct 3, 2019
—
Icon Pac Nevada Owner Pool 3 N
—
Grant Deed
related
—
Apr 6, 2015
—
Icon Pac Nv Owner Pool 3 Nv Ll
Bre Of Pac Nevada LLC
Grant Deed
related
—
Dec 17, 2013
—
Bre Of Pac Nevada LLC
Par Industrial LLC
Grant Deed
—
Dec 19, 2012
—
Par Industrial LLC
—
Deed Of Trust
related
$160,000,000 · Prudential Insurance Co Americ
Jul 2, 2012
$36,767,500
Par Industrial LLC
Prologis Na3 LLC
Quit Claim Deed
related
—
Jun 3, 2008
—
Prologis Na3 LLC
—
Deed Of Trust
related
$280,000,000 · Pacific Life Insurance Co
Jul 20, 2007
—
Prologis Na3 LLC
Dp Industrial LLC
Grant Deed
—
Mar 31, 2004
—
Dp Industrial LLC
—
Trustees Deed
related
$6,332,000 · Us Bank NA
Feb 28, 2003
$1,377,370
Dp Industrial LLC
Dp Management Services INC
Grant Deed
—
—
—
Bre Of Pac Nevada LLC
—
Deed Of Trust
related
$460,000,000 · Citibank NA
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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