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Property profile & analytics
OFF-MARKET
Flex space
1575 Geiger Grade Rd Reno, NV 89521-8481
Entity Owned
5-yr Hold
Free & Clear
Property ID
US62-0496408
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2021
Construction
FRAME
Total area
1,266 SF
Lot
2.06 ac (89,516 SF)
Zoning code
GC
APN
017-051-01
UPID
US62-0496408
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
-
South Meadows Mini Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
South Mdw Mini Storage LLC · 5 yrs held
South Mdw Mini Storage LLC
since 2021
5 recorded transactions
Zoning & alternative use
GC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,503
Tax year 2023
Assessed value
$572,637
Assessed 2023
Previous assessed
$446,644
+28.2% YoY
Effective rate
2.18%
On assessed value
Assessed land
$206,782
Assessed improvement
$365,855
Land market value
$590,806
Improvement market value
$1,045,301
Total market value
$1,636,107
Applied tax rate
4,000.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2021
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
6
Stories
1
Units
143
Total area
1,266 SF
Lot
2.06 ac (89,516 SF)
Zoning code
GC
APN
017-051-01
UPID
US62-0496408
Jurisdiction
WASHOE
Zoning & alternative use
GC · Reno, NV
Zoning GC · permitted uses
GC · 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
2021
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
6
Units
143
Lot
2.06 ac
Current owner
From public records · entity-resolved
South Mdw Mini Storage LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 10565, RENO, NV 89510-0565
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2023
—
South Meadows Mini Storage LLC
—
Deed
related
$1,000,000 · Net 1 Funding Corp
Jan 29, 2021
—
South Mdw Mini Storage LLC
Ronald R Knecht
Grant Deed
—
Aug 16, 2004
$230,000
Knecht Ronald R Trust
Dominguez,leonard J & Bonnie L
Grant Deed
—
Aug 16, 2004
—
Robert Santillan
Santillan,yvonne
Affidavit Of Death
related
—
Jun 27, 1989
$67,692
L John Dominguez
Unknown
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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