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Property profile & analytics
OFF-MARKET
Estimated value
$7,880,000
Distribution centers
1440 Capital Blvd Reno, NV 89502-7144
Individually Owned
2-yr Hold
Free & Clear
Property ID
US62-0551325
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
98,194 SF
Lot
7.5 ac (326,700 SF)
Zoning code
IC
APN
012-355-23
UPID
US62-0551325
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
-
FedEx Ship Center Shipping Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.71M
CAP Approach
CAP
$10.40M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.88M
Owner & transaction history
Marie Nikette Hoffman · 2 yrs held
Marie Nikette Hoffman
since 2023
Last sale
$7.5M
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
$10,275,000
ML approach
$7,710,000
CAP Approach
CAP Return
Estimation
6%
$11,265,000
6.5%
$10,400,000
7%
$9,655,000
Blend value · Realmo final
$7.88M
Range $7.09M – $8.67M · ±10% · vs last sale $7.50M (Jun 2 2023)
Last sale anchor
$7.50M
Jun 2 2023
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
$80 / 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
$88,521
Tax year 2023
Assessed value
$2,824,709
Assessed 2023
Previous assessed
$2,365,480
+19.4% YoY
Effective rate
3.13%
On assessed value
Assessed land
$971,933
Assessed improvement
$1,852,776
Land market value
$2,776,950
Improvement market value
$5,293,645
Total market value
$8,070,595
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Stories
1
Total area
98,194 SF
Lot
7.5 ac (326,700 SF)
Zoning code
IC
APN
012-355-23
UPID
US62-0551325
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Lot
7.5 ac
Current owner
From public records · entity-resolved
Marie Nikette Hoffman
Individual
Free & Clear · 2 yrs held
Mailing address
PO BOX 189, HOLLISTER, CA 95024-0189
Ownership since
2023
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
Aug 9, 2023
—
Marie Nikette Hoffman
Rajkovich Holding Company LLC
Re-recorded Document
related
—
Jun 2, 2023
—
George Rajkovich
George Rajkovich
Intrafamily Transfer
related
—
Jun 1, 2023
—
George Rajkovich
Rajkovich Investment Company LP
Correction Deed
related
—
May 26, 2023
—
Nicole Rose Rajkovich
Nicole Rose Rajkovich
Intrafamily Transfer
related
—
Mar 29, 2022
—
George Rajkovich
Rajkovich Investment Company LP
Intrafamily Transfer
related
—
Dec 7, 2012
—
Rajkovich Investment Co LP
Rajkovich 1992 Trust
Quit Claim Deed
related
—
Nov 27, 2012
—
Julie Rajkovich
Rajkovich M 1992 Trust
Quit Claim Deed
related
—
Oct 8, 2007
—
Rajkovich Martin 1992 Trust
Rajkovich,martin P
Affidavit Of Death
related
—
May 31, 2001
$7,500,000
Rajkovich,tr
Chamberlin Properties Reno LP
Grant Deed
—
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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