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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Flex space
1575 Commercial Row Reno, NV 89512-3613
Entity Owned
Free & Clear
Property ID
US62-0348810
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1949
Construction
METAL FRAME
Total area
4,000 SF
Lot
2.01 ac (87,556 SF)
Zoning code
MU
APN
012-052-19
UPID
US62-0348810
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
-
Hunt & Sons Propane Propane Supplier
-
Casazza Oil Co Fuel Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$901k
Blend (final)
Blend
$740k
Owner & transaction history
Hunt Nevada Properties LLC
Hunt Nevada Properties LLC
since 2025
4 recorded transactions
Zoning & alternative use
MU · Reno, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+10.7%
Retail stores
$1.0M
+0.7%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,020,000
Current use
OFFICE BUILDING
$1,130,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$1,030,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$185 / 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
$6,760
Tax year 2023
Assessed value
$208,459
Assessed 2023
Previous assessed
$171,980
+21.2% YoY
Effective rate
3.24%
On assessed value
Assessed land
$111,496
Assessed improvement
$96,963
Land market value
$318,560
Improvement market value
$277,036
Total market value
$595,596
Applied tax rate
1,002.0000
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
1949
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
2
Total area
4,000 SF
Lot
2.01 ac (87,556 SF)
Zoning code
MU
APN
012-052-19
UPID
US62-0348810
Jurisdiction
WASHOE
Zoning & alternative use
MU · Reno, NV
Zoning MU · permitted uses
MU · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
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
1949
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
2.01 ac
Current owner
From public records · entity-resolved
Hunt Nevada Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1450 S ARLINGTON AVE, RENO, NV 89509-2648
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2025
$2,000,000
Hunt Nevada Properties LLC
Estate Of Sergio M Jaramillo
Deed
—
Mar 8, 1999
—
Sergio M Jaramillo
Jaramillo,maria E
Quit Claim Deed
related
$230,000 · Individual
Oct 14, 1998
$230,000
Sergio M Jaramillo
Tosco Corp
Grant Deed
—
Apr 11, 1997
$88,000
Tosco Corp
Union Oil Co California
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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