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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Industrial properties
1675 Ormand Ct Reno, NV 89502-1261
Trust Owned
7-yr Hold
~
Est. High Equity
Property ID
US62-0347025
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,500 SF
Lot
0.74 ac (32,378 SF)
Zoning code
MU
APN
012-382-40
UPID
US62-0347025
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
-
Nacho's Paint & Body Shop Auto Repair Shop
-
4G's Automotive Inc. Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$588k
Blend (final)
Blend
$625k
Owner & transaction history
Robles,ignacio & Jisel L Trust · 7 yrs held
Robles,ignacio & Jisel L Trust
since 2019
7 recorded transactions
Zoning & alternative use
MU · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$60 / 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
$12,149
Tax year 2023
Assessed value
$369,780
Assessed 2023
Previous assessed
$306,936
+20.5% YoY
Effective rate
3.29%
On assessed value
Assessed land
$135,988
Assessed improvement
$233,792
Land market value
$388,536
Improvement market value
$667,977
Total market value
$1,056,513
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
10,500 SF
Lot
0.74 ac (32,378 SF)
Zoning code
MU
APN
012-382-40
UPID
US62-0347025
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.
Building & site characteristics
From public records
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Robles,ignacio & Jisel L Trust
Trust
Mailing address
1675 ORMAND CT, RENO, NV 89502-1261
Ownership since
2019
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
Jun 6, 2019
—
Robles,ignacio & Jisel L Trust
Robles I & J L/tr
Quit Claim Deed
related
$860,000 · Bank Of The West
May 25, 2016
—
Ignacio Robles
Robles,ignacio
Quit Claim Deed
related
—
Sep 4, 2014
$800,000
Ignacio Robles
Anabelle Ibaibarriaga
Bargain And Sale Deed
$782,000 · Seacoast Commerce Bank
Sep 4, 2014
—
Anabelle Ibaibarriaga
Ibaibarriaga,guillermo
Quit Claim Deed
related
—
Aug 12, 2014
—
E & A Living Trust
Ibaibarriaga,anabelle
Quit Claim Deed
related
—
Aug 11, 2014
—
Anabelle Ibaibarriaga
Ibaibarriaga,guillermo
Quit Claim Deed
related
—
May 2, 2014
—
Guillermo Ibaibarriaga
A & E Living Trust
Quit Claim Deed
related
—
Mar 12, 2014
—
A & E Trust
Ibaibarriaga,guillermo & Anabelle
Quit Claim Deed
related
—
Jun 30, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Guillermo Ibaibarriaga
—
Deed Of Trust
related
$505,000 · Union Bank Of California
—
—
Guillermo Ibaibarriaga
—
Deed Of Trust
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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